Uganda now most profitable regional unit for DTB Group

DTB finance director Alkarim Jiwa during a briefing on March 28, 2022, in Nairobi. PHOTO | DIANA NGILA | NMG

Diamond Trust Bank’s (DTB) Uganda subsidiary overtook Tanzania as its most profitable regional unit in 2021, on the back of improved earnings and stabilisation of non-performing loans in the unit.

The Uganda unit saw its gross profit rise by more than double to Sh1.01 billion in the 12 months to December 2021, from Sh437 million in 2020.

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Note: The results are not exact but very close to the actual.