Diamond Trust Bank Uganda Shines Bright: Record Growth & New Leadership

Diamond Trust Bank Uganda (DTB) dazzles as it unveils its stellar performance for 2023, showcasing robust double-digit growth across key metrics such as deposits, lending, income, and profitability, signaling a resounding success story in the financial landscape.

In a year marked by remarkable achievements, DTB reports a substantial 17.7% surge in customer deposits, surpassing the coveted 2 trillion Ugandan Shilling mark, while customer lending witnessed a commendable 10.7% increase. This growth trajectory propels the bank’s assets to a remarkable 24.2% expansion, solidifying its position as a formidable player in the industry.

Mr. Godfrey Sebaana, the DTB Uganda Managing Director/CEO, attributes this phenomenal success to a robust growth strategy and a relentless focus on customer satisfaction. He remarks, “Our relentless commitment to innovation and customer-centricity has been instrumental in driving our remarkable performance.”

Amidst a backdrop of dynamic growth, DTB posts a commendable 13% increase in net interest income and a 12% rise in fee and commission income, underscoring the bank’s agility and resilience in navigating evolving market dynamics.

Reflecting on the impressive results, Mr. Azim H. A. Kassam, Chairman of the Board of Directors, emphasizes DTB’s unwavering dedication to customer-centric values and transparent governance. He states, “Our exceptional performance in 2023 underscores our unwavering commitment to placing our customers at the forefront of all our endeavors.”

Looking towards the future, DTB sets its sights on sustained growth and innovation under the stewardship of new leadership. Mr. Godfrey Sebaana, a seasoned banking professional with over two decades of experience, assumes the role of Chief Executive Officer, heralding a new era of transformative leadership.

Mr. Kassam expresses confidence in Mr. Sebaana’s ability to steer the bank towards greater heights, stating, “With Mr. Sebaana at the helm, we are poised to capitalize on emerging opportunities and cement our position among Uganda’s top-tier banks.”

In closing, Mr. Sebaana reaffirms DTB’s commitment to delivering unparalleled customer experiences and driving sustainable value creation for all stakeholders. He pledges to build on the bank’s strong foundation, leveraging technology, innovation, and strategic partnerships to propel DTB towards continued success in the years ahead.

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