April 24, 2017/InvestmentOne Research

Diamond Bank released its Q4 2016 results earlier today.

Please find key highlights of the Q4 2016 results below:

·         Net interest income of N28.8bn, up +1.3% q/q; +19.1% y/y

·         Profit before tax of N1.8bn against a -N6.6bn loss before tax in Q3 2016 and a -N11.5bn loss before tax in Q4 2015

·         Profit after tax of N671m against a -N5.5bn loss after tax in Q3 2016 and a -N10.3bn loss after tax in Q4 2015

Please click to download a copy of the financial statements.