Equity Analysis /
Nigeria

Diamond Bank: DIAMOND BANK: Weak earnings, poor asset quality; reiterate Sell

    Olabisi Ayodeji
    Olabisi Ayodeji

    Equity Research Analyst, Banks (Africa)

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    Tellimer Research
    1 August 2018
    Published byTellimer Research
    Q2 EPS fell by 73% yoy to NGN0.04 (+29% qoq), falling short of our estimates. ROE was 1.8%, down by 4.5ppts yoy. Management will hold a results conference call on Tuesday, 7 August