DTB Group net profit up 8pc on income from loans

Nasim Devji, the Group CEO of Diamond Trust Bank (DTB), speaking during a past event at DTB Sarit Centre Branch at Westlands in Nairobi on December 17, 2022.

Photo credit: File | Nation Media Group

DTB Group recorded an 8.4 percent rise in net profit to Sh6.5 billion in the nine months ended September, helped by higher income from loans and other banking services.

The banking multinational had made a net profit of Sh5.9 billion the year before. DTB’s total interest income increased 15.5 percent to Sh44.5 billion in a higher interest rate environment that compensated for a reduction in lending.

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