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[2008-09-09] DTB 2008 H1 Financials
DTB Kenya Group 2008 H1 pre-tax profit went up by 42% to Ksh.719 million, up from Ksh.506 million posted for the same period last year. This was attributed to the impressive growth and continued expansion in the customer base resulting in improved earnings from interests and fees, particularly from foreign exchange trading and loan interest and commissions.
DTB Kenya’s customer deposit base rose by 38% from Ksh.20.1 billion in mid 2007 to Ksh.27.7 billion by June 2008; the group's customer deposits for the six months to June 2008, stood at Ksh.33.3 billion. Loans and advances to customers of DTB Kenya went up by 34% to stand at Ksh.22.3 billion, with the consolidated loan book standing at Ksh.26.2 billion for the group.
Total operating income for the bank rose by 45% to Ksh.1.4 billion for the six months to June 2008, while at group level it went up to Ksh.1.68 billion. Group assets grew by 37% to stand at Ksh.40.7 billion, from Ksh.29.8 billion over the same period last year.
