Diamond Trust Bank Group


Diamond Trust Bank Group, in short DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda. The flagship company of the group, Diamond Trust Bank Kenya, is licensed by the Central Bank of Kenya, the central bank and national banking regulator in Kenya, the largest economy in the East African Community.

Location

DTB Group's main offices are located at Diamond Trust Bank Centre, along Mombasa Road, in Nairobi, Kenya. The coordinates of DTBC are:1°19'35.0"S, 36°50'54.0"E.

Overview

The flagship of DTB Group is Diamond Trust Bank, which was founded in 1946., the group is ranked the eighth largest commercial bank, by assets, out of 43 licensed banks in Kenya. At that time, the group's total assets were approximately US$1.924 billion, with shareholders' equity of about US$242.1 million. As of 2018, it ranked 5th.
The group works in collaboration with the Habib Bank of the Aga Khan Fund for Economic Development and the International Finance Corporation of the World Bank. In July 2017, the Diamond Trust Bank Group acquired 100% ownership of the former "Habib Bank Kenya". The new acquisition merged with Diamond Trust Bank Kenya, effective 1 August 2017. As part of the new acquisition, DTB Group has agreed to retain 41 former Habib Bank employees.

Member companies

DTB Group includes the following companies:

Subsidiaries

  1. Diamond Trust Bank Limited - Retail banking - Nairobi, Kenya 100% Shareholding - A commercial bank in Kenya, serving individuals and businesses. This is the flagship company of the group, accounting for 6.4% of banking assets in Kenya, as at December 2016.
  2. Diamond Trust Bank Limited - Retail banking - Kampala, Uganda 54.1% Shareholding - A commercial bank in Uganda, serving both individuals and businesses.
  3. Diamond Trust Bank Limited - Retail banking - Dar es Salaam, Tanzania 62.9% Shareholding - A commercial bank in Tanzania, serving both individuals and businesses.
  4. Diamond Trust Bank Limited - Retail banking - Bujumbura, Burundi 67.3% Shareholding - A commercial bank in Bujumbura, serving individuals and businesses.
  5. Diamond Trust Insurance Agency Limited - Bancassurance - Nairobi, Kenya 100% Shareholding - This unit offers Bancassurance services.
  6. Diamond Trust Bank Limited - Retail banking - Kigali, Rwanda - In development.
  7. Premier Savings and Finance Limited - Dormant - Nairobi, Kenya 100% Shareholding.

    Associates companies to the group

The shares of the Diamond Trust Bank Group are listed on the Nairobi Stock Exchange., the major shareholders in the Group's stock, are depicted in the table below:
RankName of OwnerPercentage Ownership
1Aga Khan Fund for Economic Development 16.50
2HBL Pakistan of Pakistan part of AKFED16.15
3Jubilee Insurance company of Kenya part of AKFED9.95
4Standard Chartered Nominees A/C Ke189722.78
5Standard Chartered Nominee A/C Ke189652.23
6The Diamond Jubilee Investment Trust Limited, a subsidiary of AKFED1.37
7Others via Nairobi Securities Exchange51.02
Total100.00

Branch network

DTB Group maintains a total of nearly 100 branches in the East African countries where it operates. In May 2012, Kenyan press reports indicated that the group planned expansion into Rwanda, the Democratic Republic of the Congo, Mozambique and South Sudan by 2020.