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