Diamond Trust Bank (DTB) Kenya recorded a 9.9 per cent increase in net profit to Sh3.23 billion for the quarter ended March 2025, up from Sh2.94 billion in the same period last year, supported by higher interest earnings and reduced operational costs.

Net interest income rose by 7.98 per cent to Sh7.66 billion from Sh7.09 billion, backed by a six per cent growth in the loan book to Sh284.26 billion.

This helped cushion the drop in non-interest income, which fell by 18.5 per cent to Sh3.02 billion from Sh3.71 billion.

The decline was largely attributed to reduced forex trading returns, with income from foreign exchange falling by 55.6 per cent to Sh745.95 million.

Operating expenses dropped by 2.9 per cent to Sh6.62 billion, mainly due to lower provisioning for bad loans.

Read More

  1. DTB to increase lending to individuals, SMEs to back Kenya economic stability
  2. NCBA, other banks cut lending rates to a four-month low amid pressure from CBK
  3. Aga Khan IV: Spiritual leader and billionaire philanthropist dies at 88

The amount set aside for loan loss provisions declined by 42.7 per cent to Sh886.26 million from Sh1.54 billion, despite an increase in gross non-performing loans, which rose to Sh39.68 billion from Sh37.85 billion.

Staff costs went up by 20.2 per cent to Sh2.71 billion, from Sh2.26 billion in the prior period, reflecting both an increase in employee numbers and salary adjustments.

The bank opened six new branches in 2024, taking the network to 158. Group-wide, DTB’s workforce grew by 109 to 2,886 employees.

The group’s shareholders are expected to approve a dividend of Sh7 per share at the upcoming annual general meeting.

This follows a full-year 2024 net profit of Sh7.64 billion, which was up 11 per cent from Sh6.88 billion the year before.

The proposed dividend amounts to Sh1.96 billion, compared to Sh1.68 billion paid previously.

The Sh7 payout marks the highest dividend in the bank’s history, more than double the Sh3 paid for the year ended December 2021.