Diamond Trust Bank Group (DTB Group) is a major banking group in East Africa, active in Burundi, Kenya, Tanzania, and Uganda.
The flagship company of the group, Diamond Trust Bank Kenya, is licensed by the Central Bank of Kenya, the central bank and national banking regulator in Kenya.
The flagship of DTB Group is Diamond Trust Bank (Kenya), which was founded in 1946.
Incorporated as the Diamond Jubilee Investment Trust (“DJIT”) to commemorate the Diamond Jubilee of the ascension to the Imamat by the late Aga Khan III.
DJIT operated in East Africa with its head office in Dar-es-Salaam (Tanzania) and branches in Mombasa (Kenya), Kampala (Uganda) and, subsequently, in Nairobi and Kisumu (Kenya).
It initially operated as a community-based finance house, canvassing savings and extending credit to members of the Ismaili Community.
DJIT Kenya changed its name to Diamond Trust of Kenya (“DTK”), and was floated on the NSE through an Initial Public Offering, with over 8,500 shareholders.
The group works in collaboration with the Habib Bank of the Aga Khan Fund for Economic Development and the International Finance Corporation of the World Bank.
In July 2017, the Diamond Trust Bank Group acquired 100% ownership of the former “Habib Bank Kenya”. The new acquisition merged with Diamond Trust Bank Kenya, effective 1 August 2017.
Recently in 2018, DTB Kenya increased its shareholding in DTB Burundi to 84% from 67%, after acquisition of shares held by International Financial Corporation (IFC).
To-date: DTB Kenya has raised additional equity and debt capital for asset growth and market expansion through the NSE and institutional investors (IFC, DEG, PROPARCO, AFD and AfDB).
The Bank has also expanded operations in the region through its subsidiaries DTB Tanzania, DTB Uganda and DTB Burundi.
Address
DTB Centre
Mombasa Road
Nairobi, Kenya
Website
http://www.dtbafrica.com/