Earnings Report /
Kenya

Diamond Trust Bank: H1 21 – Dismal results but in line with management expectations overall

  • DTB Group's PBT rose just 9% and was well below the banking sector's average of 42%

  • Loan loss provision charge rose 24% in line with management's strategy to increase coverage

  • Fee and commission income fails to recover as expected, following anaemic loan book growth; retain Hold

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
26 August 2021
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