DTB’s earnings dip 5.78 per cent on lower interest income

DTB Group CEO Nasim Devji during the DTB and Mastercard partnership announcement at DTB headquarters on June 7, 2017. FILE PHOTO | NMG

Diamond Trust Bank’s #ticker:DTK half-year net earnings dipped 5.78 per cent, weighed down by lower interest income due to the rate cap regime.

DTB, whose market share recently rose to 6.44 per cent to be ranked the sixth largest lender in Kenya following the buyout of the local branch of Pakistani lender Habib Bank, made Sh3.41 billion in after-tax profit in the six months to June 2017 compared to Sh3.62 billion posted in a similar period a year earlier.

PAYE Tax Calculator

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