Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Diamond Trust Bank will hold its Annual General Meeting on 24th June 2021.
Diamond Trust Bank Kenya #ticker:DTB will shut down six branches countrywide from July as it seeks to cut operational costs. In a notice on Friday, the listed lender said the branches targeted for closure are within proximity to others, which will be merged with alternative ones in their respective areas. In Nairobi, the Oval Digital […]
Hamis Kiggundu (C) consults his lawyers during the hearing of the case in Kampala recently. PHOTO/ALFRED OCHWO Kampala, Uganda | THE INDEPENDENT | The Principal Judge Dr Flavian Zeija has stayed the implementation of Commercial Court orders directing Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to refund 120 billion shillings and to return […]
Justice Peter Adonyo, who is also the head of the Commercial Court, ruled that the loans DTB-Kenya offered were illegal since it is not licensed by Bank of Uganda The Principal Judge, Justice Flavian Zeija, on Tuesday issued an interim order staying the execution of the ruling in the High Court Civil Suit No.43/20/20 and […]
dtb Following Wednesday’s court ruling in which Judge Henry Peter Adonyo blamed Diamond Trust Bank Uganda (BoU) in partnership with Diamond Trust Bank Kenya for giving a syndicated loan to businessman Hamis Kiggundu, the Bank of Uganda has come out to say it awaits a detailed ruling so as it can comment about the ruling […]
(Adds government comment giving reassurance on debt obligations) KAMPALA, Oct 8 (Reuters) – Banks in Uganda plan to appeal a court ruling issued on Wednesday that has effectively declared illegal certain syndicated loans – representing at least $1.5 billion worth of debt – an industry body said on Thursday. The ruling by the Commercial Court […]
KAMPALA, Oct 8 (Reuters) – Banks in Uganda plan to appeal a court ruling issued on Wednesday that has effectively declared illegal certain syndicated loans – representing at least $1.5 billion worth of debt – an industry body said on Thursday. The ruling by the Commercial Court was the result of legal action by Ham […]
Diamond Trust Bank Kenya has reported a 36.5 percent year on year dip in Profit after Tax to Sh2.6 billion in the first half of the year. This is even as loan provisions surged 249.2 percent year on year to Sh1.9 billion. Top-line performance was supported by Non-Interest Revenue, which grew 5.9 percent and 1.2 […]
Diamond Trust Bank Kenya has reported a 36.5 percent year on year dip in Profit after Tax to Sh2.6 billion in the first half of the year. This is even as loan provisions surged 249.2 percent year on year to Sh1.9 billion. Top-line performance was supported by Non-Interest Revenue, which grew 5.9 percent and 1.2 […]
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