DTK | Diamond Trust Bank Group FY'23 Earnings Note

    Diamond Trust Bank clocked within in-house expectations to record a modest 14.7% y/y growth in net earnings to KES 7.79Bn throughout 2023. Performance was shaped by a sharper growth in pre-provision operating expenses compared to operating incomes.

    The Board of Directors recommend a first and final dividend of KES 6.00 per share. This distribution fell above our expected total dividend range – translating to a dividend payout ratio of 21.5%.

    Recommendation - We maintain our HOLD recommendation on Diamond Trust Bank on account of lackluster return on equity momentum and shrinking capital buffers.


    Download (486.04 KB)


    Instagram - https://www.instagram.com/aib_axys_africa/
    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
    Latest Reports