Thursday, 14 August 2008

Diamond Bank PBT +112%

The dynamic Nigerian Diamond Bank Plc posted Profit Before Tax growth of 112%. Gross earnings grew 52%

The bank announced a bonus issue, in the proportion of one new Ordinary Share for every ten Ordinary Shares currently held.

The deposit base of the bank achieved a 93% growth, moving from NGN 217.7bn in 2007 to NGN 419.7bn in 2008 while balance sheet size rose to NGN 840.3bn, a growth of 87% over the figure of 2007.

Group Managing Director/CEO, Mr. Emeka Onwuka believes in building a strong reputation for customer focus, ethical principles, innovative product development and quality service.

The bank has a strong balance sheet, large customer base and solid risk management framework. The IFC have seconded someone to work with the Bank for 2 years to drive the development of products, operational and risk management frameworks.

1 comment:

ses said...

Nice article