7th Aug 2008 12:21
Diamond Bank Plc
Unaudited results for the three months ended 31 July 2008
DIAMOND BANK PLC REPORTS 134% INCREASE IN PROFIT AFTER TAX TO N4.7 BILLION
LAGOS, NIGERIA - 7 August 2008 - 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 announces unaudited results for the three months ended 31 July 2008.
Financial Highlights
Speaking from Lagos Mr Emeka Onwuka, CEO of Diamond Bank Plc commented: "our first quarter results in the 2008/09 financial year reflect the continued good performance of the bank. Baring any unforeseen circumstances, this trend will continue in the remaining period of the financial year."
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Notes to editors:
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 Citibank; HSBC Bank; ANZ Banking Group; ING BHF Bank AG; Standard Chartered Bank; Belgolaise Bank S.A; Deutsche Bank; Commerzbank; and Nordea Bank Plc.
In 2007, and to ensure we grow with the needs of our customers, we streamlined our operations into five distinct strategic business segments: Retail banking, National Corporate, World Corporate, Diamond Capital and Public sector.
* Diamond Bank's A rating by Fitch Ratings, Augusto & Co , and AA- rating by GCR, reflects the bank's sustainable liquidity, sound and professional practices and good standing as a high investment grade institution.
More information can be found at www.diamondbankplc.com
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