1st Quarter Results

Diamond Bank Plc

1st Quarter results for the three months period ended 31 March 2013

DIAMOND BANK PLC REPORTS N8.7 BILLION PBT IN FIRST QUARTER 2013 SUPPORTED BY A GROWING BALANCE SHEET

LAGOS, NIGERIA - 11 April 2013 Diamond Bank Plc, (Bloomberg: DIAMONDB NL) ("Diamond Bank" or the "Bank"), the provider of comprehensive banking and other financial services to corporate and individual customers across Nigeria and Africa releases group results for the 1st Quarter ended 31 March 2013, prepared on the basis of International Financial Reporting Standards (IFRS).

According to the Group Managing Director of the Bank, Dr. Alex Otti,"Subsequent to the release of our very positive year end results for 2012, Diamond Bank is pleased to announce a further confirmation of our capability in sustaining capacity and profitability growth in 2013. Our deposit base grew by almost 10% over December 2012 position, evidencing the Bank's continued strength in attracting and growing its retail business, while we continued to maintain cautious growth in our loan book. These achievements have translated into improved profits with PBT rising 11% year on year. These results are very encouraging and we are nowwell-positioned to deliver a more robust shareholder returns in 2013."

Financial Highlights

Group Profit & Loss

·; Gross earnings of N40.3billion up 31% (March 2012: N30.7 billion)

·; Interest and similar income of N33.8billion up 36% (March 2012: N24.9 billion)

·; Net interest income of N24.5 billion up 21% (March 2012: N20.2 billion)

·; Operating expenses of N18.6 billion up 38% (March 2012: N13.5 billion)

·; Profit before tax of N8.7 billion up 12%(March 2012: N7.8 billion)

 Group Balance Sheet

·; Loans and advances to customers N592.5 billion up 37% (March 2012: N433.5 billion) and up 1% (December 2012: N585.2billion)

·; Total Assets of N1.27trillion up 49% (March 2012: N855.3 billion) and up 8% (December 2012: N1.18trillion)

·; Deposits from customers N989.0 billionup 54% (March 2012: N641.1 billion) and up 9% (December 2012: N910.2 billion)

Key Ratios and per share data

·; Cost/income ratio: 60.7% (March 2012: 51.9%)

·; Capital adequacy ratio: 16.3% (March 2012: 12.4%)

·; Loan/deposit ratio: 63.2% (March 2012: 72.7%)

·; NPL ratio: 4.6% (March 2012: 8.0%)

·; ROAE: 22.0%(March 2012: 18.2%)

·; Cost of Risk: 2.1% (March 2012: 4.7%)

·; Liquidity ratio: 46.9% (CBN Statutory minimum of 30%)

·; EPS - Bank:177.5k

(For the detailed Profit and Loss Account, Balance Sheet, Cashflow statement and notes to the accounts, please visit our website - www.diamondbank.com)

http://www.rns-pdf.londonstockexchange.com/rns/1196C_-2013-4-11.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1196C_1-2013-4-11.pdf

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