Diamond Trust Bank Group
Encyclopedia
Diamond Trust Bank Group (DTB Group) is a major banking group
in East Africa
, active in Burundi
, Kenya
, Tanzania
, Uganda
and Rwanda
.
. The Group is affiliated with the Habib Bank of the Aga Khan Fund for Economic Development
and the International Finance Corporation
of the World Bank
. The Group main offices are located in Nairobi
, Kenya
. The shares of the banking group are listed on the Nairobi Stock Exchange
(NSE) and trade under the symbol: DTK. , DTB Group total assets were valued at about US$992.2 million (KES:84 billion).
n countries where it has operations, with thirty-two (32) in Kenya
, eighteen (18) in Uganda
, twelve (12) in Tanzania
and two (2) in Burundi
. The Group plans to expand the branch network to a total of over one hundred branches (100) within the next three (3) years.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
, active in Burundi
Burundi
Burundi , officially the Republic of Burundi , is a landlocked country in the Great Lakes region of Eastern Africa bordered by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. Its capital is Bujumbura...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
and Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
.
Overview
The flagship of the Group is Diamond Trust Bank (Kenya), which was founded in 1946. The Group is ranked the 7th largest commercial bank in KenyaKenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. The Group is affiliated with the Habib Bank of the Aga Khan Fund for Economic Development
Aga Khan Fund for Economic Development
The Aga Khan Fund for Economic Development ' is the sole for-profit agency of the Aga Khan Development Network and works in partnership with international organizations and governments to stimulate the private sectors of developing economies, with the aim of generating capital for investment...
and the International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....
of the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
. The Group main offices are located in Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. The shares of the banking group are listed on the Nairobi Stock Exchange
Nairobi Stock Exchange
The Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
(NSE) and trade under the symbol: DTK. , DTB Group total assets were valued at about US$992.2 million (KES:84 billion).
Principal subsidiaries
- Diamond Trust Bank (Burundi)
- Diamond Trust Bank (Kenya)
- Diamond Trust Bank (Rwanda)
- Diamond Trust Bank (Tanzania)
- Diamond Trust Bank (Uganda)
Ownership
The owners of DTB Group include:- Habib Bank, a subsidiary of the Aga Khan Fund for Economic DevelopmentAga Khan Fund for Economic DevelopmentThe Aga Khan Fund for Economic Development ' is the sole for-profit agency of the Aga Khan Development Network and works in partnership with international organizations and governments to stimulate the private sectors of developing economies, with the aim of generating capital for investment...
- International Finance CorporationInternational Finance CorporationThe International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....
, an arm of the World BankWorld BankThe World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
- 9.85% shareholding - Individual and Institutional Investors via Nairobi Stock ExchangeNairobi Stock ExchangeThe Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
Branch network
DTB Group maintains a total of sixty-four (64) bank branches in the East AfricaEast Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
n countries where it has operations, with thirty-two (32) in Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, eighteen (18) in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, twelve (12) in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
and two (2) in Burundi
Burundi
Burundi , officially the Republic of Burundi , is a landlocked country in the Great Lakes region of Eastern Africa bordered by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. Its capital is Bujumbura...
. The Group plans to expand the branch network to a total of over one hundred branches (100) within the next three (3) years.
External links
- Diamond Trust Bank Kenya official site
- Diamond Trust Bank Uganda official site
- Google finance, Diamond Trust Bank Kenya Limited
- Diamond Trust Bank Group Posts Strong Growth
See also
- Diamond Trust Bank (Uganda)
- East African CommunityEast African CommunityThe East African Community is an intergovernmental organisation comprising the five east African countries Burundi, Kenya, Rwanda, Tanzania, and Uganda. Pierre Nkurunziza, the President of the Republic of Burundi, is the current Chairman of the East African Community. The EAC was originally...
- List of banks in Kenya