29 Oct 2013 12:44
Diamond Bank Plc
Unaudited Results for the 9 months ended 30 September 2013
DIAMOND BANK PLC REPORTS CONSISTENT GROWTHIN CUSTOMER DEPOSITS
FOR THE PERIOD ENDED 30 SEPTEMBER 2013
"We at Diamond Bank are pleased to report continued success in implementing our strategy across the group as illustrated by sustained growth in balance sheet and profitability.
Our innovative product offerings have continued to gain traction and availed the Bank access to a larger portion of the un(der)banked population,with total deposits from customers increasing 17% from our December 2012 levels.
We are delighted by these positive results and the achievement of sustainable growth in our business. Our sound risk management practices combined with the alignment of the Bank's service, control and other support functions have facilitated excellent service delivery across our market segments and positionedDiamond Bank to continue delivering sustainable returns at acceptable risk levels going forward."
Dr. Alex Otti Group Managing Director/CEO
Key Ratios & Per Share Data
• Capital Adequacy Ratio of 17.1% (17.3% Dec 2012) • Loan to deposit ratio at 67.4% (67.1% Dec 2012) • Liquidity ratio of 36.7% (42.3% Dec 2012) • Cost of risk 3.4% (3.3% Dec 2012) • Coverage Ratio of 108.4% (88.9% Dec 2012) • Net Interest Margin of 8.6% (9.9% Dec 2012) • Cost to income ratio of 58.9% (60.6% Dec 2012) • NPL ratio of 4.3% (4.7 % Dec 2012) • ROAE of 22.4% (22.7% Dec 2012) • EPS of 185(k)
Operational highlights
• Signed MOU with a mobile operator to launch hybrid bank accounts - Diamond Y'ello Account • Partnered with some Nigerian universities to launch Youth and School propositions • Launched the Agency Banking model - The BETA product, in partnership with WWB
http://www.rns-pdf.londonstockexchange.com/rns/6483R_-2013-10-29.pdf
For the detailed Profit and Loss account, Balance Sheet, Cashflow statement and notes to accounts, please visit our website - http://www.diamondbank.com | Group Statement of Comprehensive Income
Group Statement of Financial Position
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Conference Call for Results
Diamond Bank Plc (Bloomberg: DIAMONDB NL / Reuters DIAMONB.LG) will be hosting a teleconference call for analysts and investors on Tuesday November5th at 3pm Lagos, 2pm London/ 9am New York / 4pm Johannesburg & Cape Town) with its senior management to discuss Diamond Bank Plc's financial results for the period ended 30September 2013. There will also be an opportunity at the end of the call for management to take questions from investors and analysts.
The teleconference call facility can be accessed by dialing:
in the UK +44 (0) 207 3427 1930 in the US +1 646 254 3376 in South Africa +27 11 019 7079
And then entering the following confirmation code:
6911669
Participants should register for the call at least five minutes before the start of the presentation.
The presentation will be posted to Diamond Bank's website on the morning of November 5th 2013 at www.diamondbank.com
For those who are unable to listen to the live call, a replay facility will be available until November 19th 2013 by dialling:
+44 (0) 203 427 0598 (UK) +27 11 019 7025 (SA) +1 347 366 9565 (US)
and entering confirmation code:
6911669 |
About Diamond Bank plc
Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank. In January 2005, following a highly successful Private Placement share offer which substantially raised the Bank's equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange.
Today, Diamond Bank is one of the leading banks in Nigeria - respected for its excellent service delivery, driven by innovation and operating on the most advanced banking technology platform in the market. Diamond Bank has over the years leveraged on its underlying resilience to grow its asset base and to successfully retain its key business relationships.
We have retained excellent banking relationships with a number of well-known international banks, allowing us to provide a bouquet of world class banking services to suit the business needs of our clients. These international banking partners include Citibank; HSBC Bank; ANZ Banking Group; ING BHF BankAG; Standard Chartered Bank; Belgolaise Bank S.A; Deutsche Bank; Commerzbank; and Nordea Bank Plc.
More information can be found at www.diamondbank.com |
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Address:
PGD's Place,
Plot 4, Block 5, BIS Way,
Oniru, Lekki, Off Lekki-Epe Expressway,
Lagos, Nigeria
Investor Relations Contacts
Diamond Bank Plc
AbdulrahmanYinusa abyinusa@diamondbank.com
Chief Financial Officer +234 (1) 448 9842
Chiugo Ndubisi cndubisi@diamondbank.com
Head, Financial Management +234 (1) 448 9832
Africa Practice
(Financial PR and Investor Relations Consultants)
OberhiMajoroh omajoroh@africapractice.com
+234 805 193 7592
Nick Chambers nchambers@africapractice.com
+44 781 080 8047