Diamond Trust Bank (DTB) said its first half of 2023 profit soared 10.2 per cent to 4.4 billion.
The results show an increase in the Diamond Trust Bank’s assets, income, and profits compared to the same period in 2022.
Total Assets: The bank’s total assets grew by 19.4% to 579.2 billion.
Gross NPLs: The bank’s gross non-performing loans increased by 15% to 36.5 billion.
Total Interest Income: The bank’s total interest income rose by 32.4% to 24.5 billion.
Non-Interest Income: The bank’s non-interest income, which includes fees, commissions, and foreign exchange gains, surged by 42.2% to 5.5 billion.
Provisions: The bank’s provisions for loan losses and impairments went up by 34% to 3.3 billion.
PAT: The bank’s profit after tax improved by 10.2% to 4.4 billion.
EPS: The bank’s earnings per share increased by 11.6% to 14.31.
Since then, it has chosen not to recommend an interim dividend to turn its performance around.