29 Oct 2014 13:46
Diamond Bank Plc
Unaudited IFRS Results for the Nine months period ended 30 September 2014
DIAMOND BANK PLC SUSTAINS GROWTH IN PROFIT AFTER TAX (PAT)
FOR THE PERIOD ENDED 30TH SEPTEMBER 2014
"We at Diamond Bank are pleased to report continued success in implementing our strategy across the group as evidenced by the decent PAT despite regulatory challenges.
Our retail infrastructure and innovative strategy are enabling us deliver retail solutions and propositions across all our business and market segments.
The recent upgrade of our core banking application, combined with other support functions has facilitated excellent service delivery across our network.
We are encouraged by these positive results, and we will continue our corporate journey in the strategic direction we set for ourselves."
Uzoma Dozie Group Managing Director/CEO (Designate)
Key Ratios & Per Share Data
• Capital Adequacy Ratio of 16.9% (17.3% Dec 2013) • Loan to deposit ratio at 60.1% (59.6% Dec 2013) • Liquidity ratio (Bank) 40.4% (41.8% Dec 2013) • Cost of risk 2.7% (3.5% Dec 2013) • Coverage Ratio of 104.5% (116.1% Dec 2013) • Net Interest Margin of 7.2% (8.1% Dec 2013) • Cost to income ratio of 65.6% (60.3% Dec 2013) • NPL ratio of 4.6% (3.5 % Dec 2013) • ROAE of 18.4% (23.0% Dec 2013) • EPS of 139(k) (197k Dec. 2013)
For the detailed Profit and Loss account, Balance Sheet, Cashflow statement and notes to accounts, please visit our website - http://www.diamondbank.com
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 Diamond bank UK, Bank of Beirut; BanqueLibano-Francaise, BHF Bank, BNP Fortis, BNP Paribas, Byblos Bank, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, FBN (UK) Limited, HSBC Bank, ING Bank, KBC Bank, Mashreq Bank, Nordea Bank, SMBC Ltd, Standard Bank, Standard Chartered, SvenskaHandelsbanken, UBS Zurich.
More information can be found at www.diamondbank.com
| Group Statement of Comprehensive Income
Group Statement of Financial Position
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 11th November 2014 at 3pm Lagos (2pm London / 10am New York / 4pm Johannesburg & Cape Town) with its senior management to discuss Diamond Bank Plc's financial results for the period ended 30th September 2014. There will 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:
UK Toll Number: 02031394830 UK Toll-Free: 08082370030
US Toll Number: 1 718 873 9077 US Toll-Free Number: 1 866 928 7517
South Africa Toll Number: 021 672 4008 South Africa Toll-Free Number: 0800 222 290
And then entering the following access code:
99307900#
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 Tuesday, November 11th 2014 at www.diamondbank.com.
http://www.rns-pdf.londonstockexchange.com/rns/6137V_-2014-10-29.pdf
Address:
PGD's Place, Plot 4, Block 5, BIS Way, Oniru, Lekki, Off Lekki-Epe Expressway, Lagos, Nigeria
Investor Relations Contacts
Diamond Bank Plc
Abdulrahman Yinusa abyinusa@diamondbank.com Chief Financial Officer +234 (1) 448 9842
Chiugo Ndubisi cndubisi@diamondbank.com Head, Financial Management +234 (1) 448 9832
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