DTB profit rises to Sh6.7b
SEE ALSO :NSE firms fare badly on gender parityOperating expenses reduced from Sh14.8 billion to Sh14.4 billion. Its gross non-performing loans dropped by 8 percent from Sh14.8 billion recorded in 2017 to Sh13.6 billion in 2018. The banks loans and advances to customers decreased to Sh193 billion from Sh196 billion. Non-Performing Loans (NPLs) equally reduced to Ksh12.1 billion from Ksh13.1 billion. DTB’s directors recommend a Sh2.60 dividends per share for the year 2018 subject to investors’ approval. The bank’s performance reflects that of Nairobi Securities Exchange-listed lenders that have reported increases in profits for the year 2018. Co-operative Bank announced on Thursday an 11 per cent growth in after-tax profit. Earlier KCB Group announced 22 per cent jump in full-year profit after tax to Sh24 billion from Sh19.7 billion while Stanbic Holdings posted Sh6.3 billion profit from the previous year Sh4.3 billion. Barclays Bank posted Sh7.4 profit in 2018 from Sh6.926 billion in 2017.
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