Diamond Bank Declares Profit in Half-year Report

Diamond Bank plc, has posted an impressive performance scorecard. Assuring its stakeholders of its ability to sustain growth in all parameters, the financial institution increased its gross revenue from N96.8 billion in the half year of 2014 to N103.0 billion as at end of June 2015.
Uzoma Dozie, group-managing director of the bank, attributes the bank’s continued success in spite of regulatory headwinds to its implementation of strategies that promote sustainable growth and profitability for the long term. “Our innovative, customer friendly services and retail banking strategy are showing positive results and will enable us to sustain low cost of funds. In the quarters ahead, we will focus on premium quality risk assets, as we continue to explore opportunities to grow our market share responsibly,” he said.

He added that the Group would continue to deploy new technologies and digital applications to drive financial inclusion and convenient banking amidst a decline in the pace of economic activities and weak economic fundamentals. Dozie emphasised that the bank’s focus remains on retail banking and providing convenient and easy banking to the micro small and medium enterprises segment. “The concept of value chain management helps us to provide end to end solution to the value chains of our corporate clients and ultimately improves value for both us and the customers,” he said. 

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