DTK | Diamond Trust Bank Kenya FY21 Earnings Note

    DTB group FY’21 EPS edged up 20.35% to KES 13.98 higher than our expectations of KES12.96. PAT rose 20.35% y/y to KES 3.91Bn driven by a 8.67% y/y increase in Total operating income to KES 26.30Bn supported by interest income from Government securities. Customer deposits grew 11.16% (better than our +7.00% y/y growth forecast) to KES 331.45Bn while the loan book grew slower at 5.67% to KES 220.43Bn (lower than our expectation of a +7.76% y/y growth), highlighting the bank’s lending apathy.

     

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    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.
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