Diamond Trust Bank Group released their Q3’22 earnings results posting a 19.04% & 19.05% climb in EPS & PAT respectively to KES 20.57/share and KES 5.75Bn respectively driven by a 14.10% increase in net interest income and a 43.48% growth in non-interest income. Trailing ROaE & ROaA improved to 8.05% & 1.18% respectively in 3Q22.NIMs remained adequate at 5.59% while the profit margin edged up 31bps y/y to 26.58% in 3Q22. Factoring in the growth from previous quarters, we foresee the lender closing the year with a PAT of between KES 5.00 - 7.00 Bn
Loan book grew 18.54% y/y to KES 243.67Bn faster than the 11.10% y/y growth in the customer deposits to KES 359.68Bn leading to a 669bps growth in the loan deposit ratio to 67.74%. Allocation to government securities grew 42.36% y/y 179.92Bn in 3Q22. Fair Value change is a percentage of government securities was -5.90%in Q3'22 vs 1.30% recorded in Q3’21.
