DTB Bank’s net profit for nine months reach Sh5.32 bil­lion

The Star (Kenya) - - News Business -

Di­a­mond Trust Bank’s net profit for nine months ended Sep­tem­ber in­creased 11.58 per cent to Sh5.32 bil­lion, the top-tier lender an­nounced yes­ter­day. Net in­ter­est in­come jumped 35.26 per cent to Sh14.69 bil­lion, it re­ported in a fi­nan­cial state­ment sent to the Nairobi Se­cu­ri­ties Ex­change. Loans grew by 5.38 per cent to reach Sh181.55 bil­lion. The lender, which ben­e­fited from flight to safety fol­low­ing the col­lapse of Im­pe­rial Bank last October, said de­posits hit Sh227.42 bil­lion in the re­view pe­riod pe­riod com­pared with Sh175.10 bil­lion pre­vi­ously. To­tal bad loans surged 171.49 per cent to Sh6.38 bil­lion prompted a 144.86 per cent rise in loan loss pro­vi­sions to Sh5.24 bil­lion.

Newspapers in English

Newspapers from Kenya

© PressReader. All rights reserved.