Diamond Trust
DTK Bank Nine Months Pre-tax Profit Rise 17.4%
Diamond Trust Bank Kenya reported a 17.4% rise in pre-tax profits for the nine months period ending September 30. The bank recorded Ksh.1.34 billion up from Ksh.1.14 billion in the corresponding period in 2008. This was mainly attributed to the expansion and the resilience of SMEs performance — which account for 70% of DTK business.
During the period under review net interest income rose 47% to Ksh.2.46 billion in the first nine months of 2009 from Ksh.1.67 billion last year. Total operating income stood at Ksh.3.61 billion, up from Ksh.2.52 billion. The bank’s operating expenses rose 34% to Ksh.1.14 billion from Ksh.850 million. Earnings per share rose to Ksh.4.96 from Ksh.4.45.
Total customer deposits rose from Ksh.38.2 billion to Ksh.47.9 billion, representing a 25.3% growth. Total assets increased by 32% from Ksh.46.8 billion to Ksh.61.9 billion. DTB is ranked Kenya’s seventh biggest bank by asset base. Net loans and advances increased by 24% from Ksh.48.7 billion to Ksh.60.5 billion. The bank’s loan book grew 33% from Ksh.28.9 billion to Ksh.38.6 billion at a time when the industry’s grew by an average of 17%.
The results for Diamond Trust Bank Uganda Ltd were included after it became a subsidiary from October 6, 2008, when the DTK bank increased its shareholding to 51% from 26.7%. IFC holds minority shares in the bank and last year provided a $25 million (Ksh.1.8 billion) loan — which has helped it grow its foothold in the SME market.
During the year the bank opened six branches in Kenya pushing its local network to 23. It has operations in Uganda and Tanzania and opened a subsidiary in Burundi in July. It plans to open 25 more branches in the region by the end of the year.
Related Links:
Discussion
2 comments for “DTK Bank Nine Months Pre-tax Profit Rise 17.4%”
Post a comment
The Managing Director, DTK bank, Nairobi.
Dear Sir,
19.12.2009
Reg : Application for the post of Branch Manager in DTK bank.
I have come to know that you are opening 25 branches in Kenya and I submit my resume for the above post. I have the banking and financial background for over 18 years in Managerial and Auditing cadre in Punjab national Bank, a leading nationalized bank in India. I posses sound experience in Banking operation, credit, foreign exchange, fund management, cash management, internal financial audits, statutory audits, quality audits, training, HR and Disciplinary Action in the Bank. I have the experience of taking corrective and preventive action towards irregularities/objections as pointed out in internal, statutory and quality audit reports.
I have worked as Enquiry Officer in the above Bank at Zonal office, Mumbai from November 2000 to July 2004. Also worked as Auditor from March 94 to May 96. During the course of Enquiry, I have the experience of various types of Fraud detection and revenue leakage cases. I possess complete knowledge of MS Office comprising MS word, Excel and Power point.
I have worked in Mumbai (which is the financial capital of India) for over 12 years. Based on my above experience of around six years and being a Lead Quality Auditor, I have the ability to detect revenue leakage and fraud at an early stage.
I have worked as Branch managers in different branches and have been appreciated by the authorities for best customer service. Since I have worked in Planning and Development, I have the idea to achieve budgets of the branch well within the stipulated period. My style of customer relationship is extra ordinary.
I am yet to complete MBA (Finance) but my experience is beyond its syllabus. I am confident to discharge effectively Branch Manager job as per the guidelines of the Industry. Before seeking VRS from the Banking service last year, I was in the Middle Management Grade and working as Senior Manager in Mumbai, India. I am holding a valid Passport.
Thanking you,
Yours faithfully,
B.N. Verma
nbho…@gmail.com Mobile no.09331297703
RESUME
BHOLA NATH VERMA
Email: nbho…@gmail.com
Career Synopsis:
• Over 18 years of experience in managerial cadre and managed banking operations and Quality audits.
• Proficient in managing and leading teams for running successful operations and experience of implementing procedures, service standards for business excellence as per ISO 9001-2000 with modified version of ISO 9001-2008.
• Excellent relationship management skills with customer centric and service orientation approach.
• Possess excellent interpersonal, communication and organizational skills with proven abilities in team management, customer relationship management and planning.
• Worked on CBS system in Punjab National Bank for over four years.
• Worked on HRMS system in Punjab National Bank for over one and half year for managing a staff strength of over 4,000.
Career Highlights:
The growth Path:
• Nov. 81: As Officer in Junior Management Grade Scale I at Branch Office Munger in Bihar (India).
• March 84: As Branch incumbent Incharge in Rural sector in Bihar.
• Oct. 87: Assistant Manager in HR Deptt., at Regional Office, Patna, Bihar.
• Oct. 91: As Middle Management Scale II Manager (Incumbent incharge) at Branch in Bihar.
• Mar. 94: As Distt. Coordinator of six districts in Bihar – Liaison work with District authorities and PNB Branches in the districts for credit and Recovery of Bank loans.
• May 96: As Manager, Priority Sector and Govt. Business Cell at Zonal Office, Mumbai, India.
• Oct. 98 – Nov.2000: As Manager, ISO Cell, Zonal Office, Mumbai, covering branches of PNB in Maharashtra, Goa and Gujarat states.
• Nov. 2000 – Dec. 2002: As Senior Manager (Incumbent Incharge) Kalbadevi Branch, Mumbai.
• Jan.03 – July 04: As Senior Manager (Enquiry Officer) in Disciplinary Action Cell, Zonal Office, Mumbai.
• July 04 to August 06: As Senior Manager-Operations, at PNB House, Fort, Mumbai, which is the largest branch of PNB in India, having responsibility of adherence of KYC norms, removal of branch audit objections in respect of operations side and incharge of Customer Relationship Team. Also worked as Incharge Foreign Exchange Department.
• August 06 to March 08: As Senior Manager-HR, Zonal Office, Mumbai.
• April 08: As Senior Manager-Operations, at Bandra (West), Mumbai, branch and have taken VRS from bank service on 29th April 2008.
• May 08 to June 08: Started conducting Seminars in Mumbai as Technical Analyst (Chart studies) pertaining to Stock Market.
• July 08 to date: Started conducting Seminars in Kolkata, Patna and Ranchi, as Technical analyst pertaining to Stock market.
CHIEF TASKS HANDLED:
HR Deptt:
• As Senior Marnager, HR, Zonal Office, PNB, Mumbai, managing over 3,200 Officers and staff of PNB Western Zone, placed in different branches in Maharashtra and Goa states through Human Resource Management System (a software programme of TCS introduced in PNB for easy but proper management of staff).
Quality and Audit:
• Setting out quality standards for various operational areas and ensuring adherence to quality standards by conducting Quality audits and calibrating the scores with quality team.
• Setting of Quality Monitoring tools and Methodologies and ensuring adherence to the same.
• Imparting training to the Management Representatives of the branches selected for Quality Certification audit under ISO 9002 during 1998-2000.
• Got prepared 33 branches in Mumbai and Ahmedabad cities ready for ISO 9002 certification.
Operations:
• As Senior Manager-Operations, at PNB House, Fort, Mumbai, I managed CBS Operations of the branch.
• Removed audit objections in over 2200 Account opening forms where KYC norms were not properly adhered to.
• Undercharges pointed out by the Auditors in various accounts were levied and got recovered from the concerned parties.
Academic Highlights:
1973: B.A. (Hons) from Bhagalpur University with Economics.
1990: CAIIB from Indian Institute of Bankers, Mumbai.
2000: Lead Auditor-ISO.
2008: Doing MBA (Finance) in Kolkata.
Training and courses attended/qualified:
• Qualified in Training Prog. On “Certified Internal Quality Auditors” by Indian Institute of Quality Management, Govt. of India, Jaipur, in Aug.99.
• Attended ISO 9000 Awareness Training prog. In Oct. 99 conducted by National Institute of Training for Standardization and Quality Management, Bureau of Indian Standards, New Delhi.
• Qualified QMS Auditor/Lead Auditor Training course certificated by IRCA, London, in June 2000.
• Participated in the prog. on Marketing of banking Services conducted by Ahmedabad Management Association, Ahmedabad, in January 2000.
• Training course on Office 2000, Internet and Email in March 2000, conduced by Informatics, Mumbai.
• Attended training on Technical Analysis in July 2007 at Bombay Stock Exchange.
Personal details:
• Date of birth: 6th June 1954.
• Present Address: 45A, Buro Shibtala Road, Kolkata-700038
• Health Status: Sound and having no need of any medicinal support as a routine.
• Height: 5’ 4”
• Weight: Around 79 Kgs
Nice Info, thanks…..