Browsing: Diamond Trust Bank

Kennedy Nyakomitta (L) with Mehul Sachdev inside a Fuso truck after the DTB and Simba Corp partnership signing at Simba Corp offices. The partnership will enable SMEs to get new Fuso trucks 100% financed by DTB. www.theexchange.africa

Diamond Trust Bank and Simba Corporation have signed a partnership to enable Small and Medium Enterprises category acquire new Fuso trucks.

The vehicles will be made available with 100 per cent financing under the bank’s motor vehicle financing scheme dubbed ‘Beba Leo’.

The SMEs will be financed to acquire FUSO trucks with a flexible repayment period that enables customers to gradually pay for them without disrupting their cash flow or working capital.

Approval from DTB

Simba Corporation is the largest and sole representative for the distribution and service for a range Fuso trucks including the new FUSO FI and the popular Fuso Canter.

Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed in a way that would allow the customer to cater to their most pressing needs without any capital outlay.

“This partnership cements our commitment to grow the SME sector.  Our decision …

Nairobi headquartered Diamond Trust Bank has announced the appointment of Mr. Linus Gitahi as its Chairperson. The appointment which was announced to the DTB shareholders at the Nairobi Securities Exchange (NSE) listed firm’s Annual General Meeting of 23 May 2019, is geared at accelerating growth and corporate governance reforms.

The appointment, will also provide corporate governance leadership for DTB which is banking on technological transformation programmes to transform its subsidiaries into premier digital banking and payments solution providers for an increasingly discerning and technology-driven customer base.

With the appointment, Mr. Gitahi who has been serving as a Director on the DTB Board has taken over the mantle from outgoing Chairperson Mr. Abdul Samji who has served for the last nine years.

The appointment of Mr. Gitahi will provide further impetus to the realization of the DTB Vision 2020 strategy which seeks to position DTB Group banks as the leading players …