Nigeria’s Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year. Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was […]
Tag: Diamond Bank Plc
Diamond Bank Appoints New Director
By InvestAdvocate Lagos (INVESTADVOCATE)-Diamond Bank Plc Tuesday announced the appointment of a new Non-Exectuive Director to its Board by the name of Allan Michael Low. The Bank notified the Migerian Stock Exchange (NSE) that the Central Bank of Nigeria (CBN) has approved the appointment of Allan Christopher Michael Low as […]
Diamond Bank gets $70m convertible loan
The International Finance Corporation, a private sector arm of the World Bank, has granted Diamond Bank Plc a $70m loan . Shares in the bank rose by 1.4 per cent to an 11-week high, bucking the trend on a weak bourse, to value the bank at around N41bn ($254m). The […]
