Diamond Trust Bank Limited is a large financial services provider in Tanzania, with total assets valued at TZS 984 billion as at 31 December 2016. At that time, shareholders' equity was valued at TZS 146 billion. The bank has a network of 28 branches, of which 14 are in the Commercial City ofDar es Salaam, while the remaining 14 are spread across major commercial centers in the country. As per June 2017 audited industry financial results, Diamond Trust Bank Limited emerged as Tanzania's 4th Most Profitable Bank.
History
Diamond Trust Bank Limited was founded in 1945, as Diamond Jubilee Investment Trust with its head office in Dar es Salaam and branches in Mombasa and Kampala. Subsequently, branches were also opened in Nairobi and Kisumu in Kenya. At the time, DJIT operated as a community-based finance house offering savings and extending credit to members of the Ismaili Community. In 1965, DJIT was divided into three companies – DJIT Tanzania, DJIT Kenya and DJIT Uganda with the respective head offices in Dar es Salaam, Nairobi and Kampala. DJIT Tanzania changed its name to Diamond Trust of Tanzania in 1990. Under the name change, the Bank extended its facilities from a community-based finance house into a non-bank financial institution, and began offering financial services to the general public. DTT was recapitalized in 1995 through injection of funds by its shareholders. Diamond Trust Bank Kenya and the Aga Khan Fund for Economic Development emerged as its two principal shareholders, holding 33% and 31% shareholding respectively. In 1997, DTT was licensed as a full commercial bank and changed its name to Diamond Trust Bank Tanzania Limited.
DTBT is a member of the Diamond Trust Bank Group, a large financial services provider in East Africa with operations in Burundi, Kenya, Rwanda, Tanzania, and Uganda.
Ownership
is the majority shareholder, owning 65 percent of the shares in Diamond Trust Bank Limited, as at March 2016.
Branch network
As of April 2017, Diamond Trust Bank Limited had a network of branches in the central, eastern, northern, and western regions of Tanzania. The branch network included the following locations: 1. Arusha City - Sokoine Road, Arusha 2. Arusha Main - Moshi Road, Arusha 3. Dar CBD Branch - Diamond Plaza, Samora Avenue/Mirambo Street, Dar es Salaam 4. Dar es Salaam Main Branch - Jamat/Mosque Street, Dar es Salaam 5. Dodoma Branch - Habib Avenue, Dodoma 6. Iringa Branch - Myomboni, Iringa 7. Kahama Branch - Ngaya/Isaka Road, Shinyanga 8. Kariakoo Branch - Msimbazi Street, Dar es Salaam 9. Magomeni Branch - Off Morogoro Road, Dar es Salaam 10. Masaki Branch - Chole Road, Dar es Salaam 11. Mbagala Branch - Kilwa Road, Dar es Salaam 12. Mbeya Branch - Lupa Way Market Street, Mbeya 13. Mbezi Branch - Shamo Towers, Bagamoyo Road, Dar es Salaam 14. Mbezi Chini Branch - Capital Plaza, Mwai Kibaki Road, Dar es Salaam 15. Mlimani Branch - Mlimani CityShopping Mall, Sam Nujoma Road, Dar es Salaam 16. Morocco Branch - Airtel Tanzania Headquarters, Dar es Salaam 17. Morogoro Branch - Lumumba Road, Morogoro 18. Moshi Branch - Old Moshi Road, Moshi 19. Mtwara Branch - Tanu Road, Mtwara 20. Mwanza Branch - Kenyata Road, Mwanza 21. Mwanza Main Branch - Nyerere Road, Mwanza 22. Nelson Mandela Road Branch - Versani Plaza, Dar es Salaam 23. Nyerere Road Branch - Quality Plaza, Nyerere Road, Dar es Salaam 24. Tabora Branch - Ujiji Street, Tabora 25. Tanga Branch - Taifa Road, Tanga 26. Upanga Branch - United Nations Road, Dar es Salaam 27. Uhuru Branch - Uhuru Street Kariakoo, Dar es Salaam 28. Zanzibar Branch - Stone Town Forodhani Area, Zanzibar
