DTB H1 pre-tax profit rises 37pc to Sh9.8bn
The lender’s top-line revenue increased by 21 percent, with net interest income rising 26 percent and non-interest income growing 7 percent.
Diamond Trust Bank (DTB) Group reported a significant 37% increase in its half-year pre-tax profit to Sh9.8 billion for the period ending June 2026. This growth was primarily driven by a 21% rise in revenue and a 26% increase in net interest income, alongside a 7% growth in non-interest income. However, operating costs increased by 6%, and loan provisions rose by 37%.
The bank's total assets expanded by over 10% year-on-year to Sh675 billion, while customer deposits grew by 11% to Sh534 billion. The loan and advances portfolio increased by 14% to Sh328 billion. DTB's non-performing loan ratio improved to 11.6% from 13%, and its specific provision coverage ratio increased to 56.6% from 40.7%. The bank's customer base across East Africa grew by 44% over the past year to 5.9 million, with 99% of new customers acquired through digital platforms.
DTB plans to open its 100th branch in Kenya by Christmas and is expanding into various sectors, aiming to sustain balance sheet and profitability growth in the medium term.
Brief written by urgent.news from Capital Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
