DTB records 8.8pc rise in Q1 net profit on T-bills income

DTB head of finance and planning Alkarim Jiwa. FILE PHOTO | NMG

Diamond Trust Bank (DTB) Group #ticker:DTK has announced an 8.8 per cent growth in net profit in the first three months of the year to March boosted by increased income from investment in government securities that cushion it from the effects of interest rates capping.

The lender reported an after-tax profit of Sh1.75 billion up from Sh1.61 billion during the first quarter last year. 

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