Annual Financial Report

Diamond Bank Plc

Audited Results for thefull year ended 31stDecember 2012

DIAMOND BANK BALANCE SHEET HITS ONE TRILLION NAIRA MARK

LAGOS, NIGERIA - 09 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 period year ended 31 December 2012, prepared on the basis of International Financial Reporting Standards (IFRS).

Speaking from Diamond Bank's corporate headquarters, Dr. Alex Otti, Group Managing Director, commented: "Diamond Bank is pleased to reportBalance Sheet size inexcess of N1 trillion and consistent return to profitability over the past four quarters. We have maintained strong liquidity position on the back of over 50% growth in deposits year on year, while our risk assetquality continues to improve following the drop in cost of risk to 3% from 14% recorded in 2011. Risk assetsvolume also grew by over 50% year on year with a corresponding reduction in non-performing loans from almost 10% in 2011 to below 5% in 2012.We continued to grow our retail banking business on both Risk Asset and Deposit Liability sides of the Balance Sheet to sustain our overall business strategy.We are delighted by these encouraging results and will continue to maintain focus on growing our profitability at acceptable risk levels to deliver quality returns to our Shareholders.

Financial Highlights

Group Profit & Loss

·; Interest and similar income of N112.3billion up 35% (N83.4 billion December 2011)

·; Net interest income of N89.3 billion up 26% (N70.9 billion December 2011)

·; Operating expenses of N68.5 billion up 21% (N56.5 billion December 2011)

·; Profit before tax of N27.5 billion (N18.0 billion loss December 2011)

·; Profit for the Period N21.9 billion ( N16.9 billion Loss in December 2011)

 Group Balance Sheet

·; Loans and advances to customers N585.2 billion(51% from N388.1 billion in December 2011)

·; Total Assets of N1.18 trillion (up 48% from N796.2 billion in December 2011)

·; Deposits from customers N910.2 billion (up 51% from N603 billion in December 2011)

·; Non Performing Loans of N28.7 billion (down 27% from 39.4 billion in December 2011)

Key Ratios and per share data

·; Cost/income ratio: 60.6% (66.7% December 2011)

·; Capital adequacy ratio: 17.3% (13.5% December 2011)

·; Loan/deposit ratio: 66.9% (69.9% December 2011)

·; NPL ratio: 4.7% (9.3% December 2011)

·; ROAE: 22.7%

·; Cost of Risk: 3.3% (14.4% December2011)

·; Liquidity ratio: 42.3% (CBN Statutory minimum of 30%)

·; EPS - Bank:159.4k

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

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