31 Jul 2014 13:21
Diamond Bank Plc
Operating Results for the half-year period ended 30 June 2014
DIAMOND BANK PLC REPORTS CONTINUED GROWTH IN OPERATING INCOME
SUPPORTED BY A GROWING BALANCE SHEET
"Diamond Bank is pleased to announce a further confirmation of our resilience in sustaining profit ability despite regulatory constraints, with Profit After Tax increasing by 9% year-on-year.
We continued to report healthy asset growth (up 15% from Dec. 2013) and have maintained strong deposit growth especially from the retail segment of the market.
Our cost profile remains efficient as we continue our expansion drive; and our risk indicators continue to show sustainable asset quality ratios that adequately support the bank to deliver on the target returns by year-end.
Dr. Alex Otti Group Managing Director/CEO
Key Ratios & Per Share Data
• Capital Adequacy Ratio of 17.0% (17.3% Dec 2013) • Loan to deposit ratio at 60.6% (59.6% Dec 2013) • Liquidity ratio of 34.1% (41.8% Dec 2013) • Cost of risk 2.4% (3.5% Dec 2013) • Coverage Ratio of 102.7% (116.1% Dec 2013) • Net Interest Margin of 7.1% (8.1% Dec 2013) • Cost to income ratio of 65.8% (60.3% Dec 2013) • NPL ratio of 4.6% (3.5 % Dec 2013) • ROAE of 19.2% (23.0% Dec 2013) • EPS of 95(k)
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; Banque Libano-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, Svenska Handelsbanken, 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 Monday 4th August 2014 at 4pm Lagos (4pm London / 11am New York / 5pm Johannesburg & Cape Town) with its senior management to discuss Diamond Bank Plc's financial results for the half-year ended 30th June 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: 0203 139 4830 UK Toll-Free: 0808 237 0030
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:
66899874#
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 Monday, August 4th 2014 at www.diamondbank.com.
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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