Kenyan Wall Street | by Miriam Wangui
Diamond Trust Bank’s (DTB) net profit for the year that ended on 31st December 2020 dipped by 51% to KSh3.5 billion, from KSh7.3 billion in 2019. According to the lender, higher loan loss provisions due to the elevated credit risk led to the steep decline in the full-year net profit.
“The pandemic has had a detrimental effect on lives and livelihoods across the globe and, as with other players in the industry, DTB has had to navigate through the resulting very challenging business environment…
