To support small and medium-sized enterprises (SMEs) that are struggling during the COVID-19 pandemic, the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently issued a loan of USD 50 million to Nairobi-based Diamond Trust Bank Kenya Limited (DTB Kenya). The targeted sectors include financial institutions, tourism, manufacturing and healthcare. Manuel […]
Tag: XNAI_DTK
Kenya: IFC approves USD 50 million loan for DTB to support its SMEs
File photo Image Credit: Twitter (@ndevji) Diamond Trust Bank Kenya Limited (DTB) has signed an agreement for a USD 50 million loan with International Finance Corporation (IFC), a member of the World Bank Group, to support its borrowers who have been affected by the COVID-19 pandemic, especially small and medium enterprises (SMEs), according to a […]
DTB Receives USD 50 Million Covid-19 SME Support from IFC
Nasim Devji, Group CEO and Managing Director DTB Diamond Trust Bank Kenya Limited (DTB) has signed an agreement for a USD 50 million loan with IFC, a member of the World Bank Group, to support its borrowers who have been affected by the COVID-19 pandemic, especially small and medium enterprises (SMEs). The funds are being […]
DTB inks Sh5.4bn World Bank loan deal for SMEs
A Diamond Trust Bank branch in Nakuru. FILE PHOTO | NMG Diamond Trust Bank Kenya has become the second top-tier lender in less than a month to secure Sh5.41 billion ($50 million) from the World Bank Group’s private sector arm for onward lending to small and medium-sized businesses which have been hardest hit by economic […]
DTB Receives $50 Million Covid-19 SME Support from IFC
NAIROBI, Kenya, Aug 12 – Diamond Trust Bank Kenya Limited (DTB) has signed an agreement for a $50 million loan with IFC, a member of the World Bank Group, to support its borrowers who have been affected by the COVID-19 pandemic, especially small and medium enterprises (SMEs). The funds are being provided under IFC’s global […]
Kenyan bank to disburse IFC loan to SMEs affected by COVID-19
Featured image: Stock International Finance Corporation (IFC) has announced a $50 million loan to Diamond Trust Bank Kenya Limited (DTB) to support its borrowers, especially small and medium enterprises (SMEs), who have been affected by the economic challenges of COVID-19. The funds, which will be directed to Kenyan businesses across a range of sectors, are […]
DTB receives Sh5.4billion Covid-19 SME support from IFC
Diamond Trust Bank Kenya has signed an agreement for a $50million (Sh5.4billion) loan with IFC, a member of the World Bank Group. This facility will support its borrowers who have been affected by the Covid-19 pandemic, especially small and medium enterprises. The funds are being provided under IFC’s global Covid-19 facility, launched in March to […]
DTB signs agreement with IFC to support SMEs
IFC’s partnership with DTB Kenya is part of world bank strategy to help businesses in Kenya manage the impacts of Covid-19 so they that can continue providing essential goods and services and maintain jobs. Diamond Trust Bank Kenya Limited (DTB) has signed an agreement for a Sh5 billion loan with IFC to support borrowers affected […]
Diamond Trust Bank Kenya: Dividend Payment Day 2022
Diamond Trust Bank Kenya shareholders to receive a Dividend Payment of KES 3.0 per share on or around 28th July 2022. This applies only for shareholders that are in the Company’s Register of Members on 30th June 2022. Dividend AmountKES 3.0Dividend TypeCash DividendEx-Dividend / Book Closure30th June 2022Payment Date28th July 2022
Report: Top 10 most attractive banks in Kenya
Cytonn Investments has listed KCB Group as the most attractive bank in Kenya in its Financial Year 2019 Banking Sector Report. This is supported by the group’s strong franchise value and intrinsic value score. The franchise score measures the broad and comprehensive business strength of a bank across 13 different metrics, while the intrinsic score […]
