Diamond Bank

Diamond Bank Plc.
Public
Traded as NSE: DIAMONDBNK
Industry Finance
Founded December 20, 1990[1]
Founder Pascal G. Dozie
Headquarters Victoria Island, Lagos, Lagos State, Nigeria[2]
Area served
 Nigeria
United Kingdom
Key people
 Oluseyi Bickersteth (Chairman)
Uzoma Dozie (Group Managing Director & CEO)
Services Banking, Financial Services
Revenue Increase:Pretax: ₦28 billion (US$175 million) (FY:2012)[3]
Total assets ₦1.7 trillion (US$7.3 billion) (December 2012)
Subsidiaries see article
Website diamondbank.com/ Edit this on Wikidata

Diamond Bank Plc., is a Nigerian multinational financial service provider.[4]

Overview

The bank provides financial services. Its headquarters is located in Lagos, Nigeria and the bank maintains a banking subsidiary in the United Kingdom.[5] As at June 2013, the bank operated 240 branches in Nigeria, 20 branches in Benin Republic, 2 branches in Senegal, 1 branch in Togo and 3 branches in Côte d’Ivoire.

As of December 2012, the bank's total assets were valued in excess of US$7.3bn (NGN:1.7 trillion)

History

Diamond Bank PLC began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank.

In January 2005, following a Private Placement share offer which substantially raised the Bank's equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange. Moreover, in January 2008, Diamond Bank's Global Depositary Receipts (GDR) was listed on the Professional Securities Market of the London Stock Exchange. The first bank in Africa to record that feat.

In October 2018, Diamond Bank Plc was rated 4 stars and ranked as one of the best retail banks globally by the Lafferty Banking 500 index 2018.[6]

Subsidiaries

Diamond Bank operates several subsidiary companies,[7][8]

  1. Diamond Pension Funds Custodian Limited - Victoria Island, Lagos, Lagos State
  2. Diamond Bank (UK) Plc - London, United Kingdom

See also

References

  1. ↑ Diamond Bank - About Us - Company Profile Archived 2010-10-27 at the Wayback Machine.
  2. ↑ Google Finance - Diamond Bank
  3. ↑ Q3:2010 Financial Report
  4. ↑ "Central Bank of Nigeria:: All Financial Institutions". www.cenbank.org. Retrieved 2017-08-24.
  5. ↑ "Nigeria: 'I'm Leaving Diamond Bank Strong And Fulfilled'". This Day (Lagos). 2011-03-01. Retrieved 2017-08-24.
  6. ↑ "Diamond Bank gets global recognition as Top Retail Bank in Africa - Daily Post Nigeria". Daily Post Nigeria. 2018-10-10. Retrieved 2018-10-11.
  7. ↑ Diamond Bank - About Us - Affiliates
  8. ↑ Diamond Bank - Investor Relations - Key Milestones
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