Banks are reporting massive profits then DTB posts 3.9b .Hapa iko kitu

News & Politics
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Diamond Trust Bank (DTB) has posted a 20 percent jump in net profit to Sh3.9 billion in the year ended December 31 helped by a rise in interest and non-interest income.

The lender’s net profit in the previous year stood at Sh3.24 billion.

Its interest income increased 9.05 percent to Sh33.9 billion as its loan book and investments in government debt increased.

DTB’s non-interest income, mainly derived from fees and commissions on loans and advances, rose 3.03 percent to Sh6.3 billion.

“We believe that the resilience, strong foundation, existing capabilities and new competencies that we acquire will position DTB in a take off spot to become a top-tier digitally driven bank in East Africa and anchor itself as truly customer-centric,” said DTB chief executive officer Nasim Devji.

The performance has seen the lender return to paying dividends, declaring a first and final dividend payout of Sh3.00 per share.

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DTB revealed it is bucking the recent trend of bank closures in the industry to embark on an aggressive growth strategy with plans to grow its footprint in Kenya by 20 branches this year, and another 20 by 2024, it said.

This will expand the bank’s network size in Kenya to over 100 branches – and in East Africa to nearly 200 - over the next two years.

https://www.businessdailyafrica.com/bd/corporate/companies/dtb-resumes-dividend-net-profit-jumps-20pc-to-sh3-9bn-3763086

I know 20 % rise in profits ni nyingi but these guys must have been understating . DTB aint a small bank

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Fiat. If you can create it from thin air, you can perform acts of wizardry with it.

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Is that where you bank?

4

Na kwani they werent affected by covid nor Putin fever?

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You need to read their balance sheet.

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yes .Half my money is there

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About how much?

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10 thousand

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watu wakae ridho , all banks that have gone under with kenyans money in Kenya (around 7) were purely owned by indians na hakuna kitu wamewai Fanyiwa from Delphis in the 90s to Chase to Imperial bank juzi . wahindi warudi kwao .

wakalenjin kina @Kalenjin101 @sani @Berlin Oxford @mlipuayote William Ruto nao wakaiba pesa yote EURO bank . ndio hao bado wanataka Ruto aingie Wakalenjin waanze kuangusha parastatals

10

Pound Sterling?

11

Watu walichukua loan sana

12

Kshs

13

Not really,GOK is the biggest borrower in the domestic market

14

Loan loss provisions remained unchanged from last year.

Meanwhile, other banks reduced loan loss provisions by billions from last year.

Normally, banks doctor financial results by adjusting the loan loss provisions so ukiona hizo massive profits just go directly to the loan loss provisions to know whether the increase is legitimate or not.

DTB could have easily followed the other banks and manipulated that figure to prop up the share price but they did not. My guess is that they are suppressing the share price for upper management to accumulate. Some very tall Indian uncles want in at a low price.

15

As a customer, that’s not really your problem whether they make money or not as long as they are solvent.

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Treasury bills and treasury bonds is where banks are making a killing

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As far as I know, the only way to remain solvent is to make money.

But if there is another way, pls let us know.

In other news, things you can do without making money:

[SIZE=6]solvent[/SIZE]
(ˈsɒlvənt)
adj
1. (Banking & Finance) capable of meeting financial obligations