Browsing: DTB Bank

East Africa’s top banks ranked among the world’s 1,000 best lenders despite tough operating environment.

The banker, a monthly London-based international financial affairs publication owned by the Financial Times Ltd, shows that Kenya Commercial Bank (KCB), Equity, Diamond Trust Bank and Co-operative Bank, remained resilient in a tough operating environment so as to maintain an upward growth in profitability.

The banks made significant strides in strengthening their balance sheets (assets) and increasing their Tier 1 capital in line with the Basel III requirements.

Tier 1 capital is the core measure of a bank’s financial strength which is reserved to ensure banking operations are not disrupted during periods when lenders make losses.

The chief executive Kenya Bankers Association, Habil Olaka said that banks are taking advantage of opportunities in the East Africa Region and providing their customers with seamless service delivery.

Also Read: DTB joins Mastercard, DPO Group to extend digital

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 …