Diamond Trust Bank Uganda has reported robust performance results for 2023, indicating significant growth across key metrics. The bank saw a 17.7 percent increase in customer deposits, reaching 2.207 trillion Ugandan shillings ($583.6 million), while lending expanded by 10.7 percent to $232 million. This growth contributed to a 24.2 percent increase in assets, totaling $795.3 million. Additionally, net interest income rose by 13 percent, and fee and commission income grew by 12 percent.
The bank attributed its success to a lower impairment loss on loans and advances, resulting in a 14 percent increase in profit before tax to $12 million. Amidst these achievements, the bank's chairman emphasized a customer-centric approach and ongoing investment in technology and partnerships.