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, Nigeria[2]
Area served
 Nigeria
Key people
 Dr. Chris Ogbechie (Chairman)
Uzoma Dozie (Group Managing Director & CEO - Chief Executive Officer - Diamond Bank)
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

Diamond Bank Plc., is a full-service Nigerian bank. It is one of the twenty-five (25) licensed commercial banks in the country.[4]

Overview

The bank is a large financial services provider in West Africa. Headquartered in Lagos, Nigeria's commercial capital, the bank maintains a banking subsidiary in Benin, Senegal, Cote d'Ivoire, Togo and The United Kingdom.[5] As of December 2012, the bank's total assets were valued in excess of US$7.3bn (NGN:1.7 trillion).

As at June 2013, the bank operates 240 branches in Nigeria, 20 branches in Benin Republic, 2 branches in Senegal, 1 branch in Togo and 3 branches in Côte d’Ivoire.

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 highly successful 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.

Subsidiaries

Diamond Bank operates several subsidiary companies, based in Lagos, Nigeria, except where indicated:[6][7]

  1. Diamond Pension Funds Custodian Limited - Victoria Island, Lagos, Nigeria
  2. Diamond Bank (UK) Plc - London, United Kingdom
  3. Diamond Bank du Benin SA - Cotonou, Benin
  4. Diamond Bank Togo - Togo
  5. Diamond Bank Senegal - Dakar, Senegal
  6. Diamond Bank Côte d’Ivoire - Abidjan, Ivory Coast

See also

References

  1. ↑ Diamond Bank - About Us - Company Profile
  2. ↑ Google Finance - Diamond Bank
  3. ↑ Q3:2010 Financial Report
  4. ↑ List of Licensed Commercial Banks In Nigeria
  5. ↑ Diamond Bank Has Expansion Plans Into Francophone West Africa
  6. ↑ Diamond Bank - About Us - Affiliates
  7. ↑ Diamond Bank - Investor Relations - Key Milestones

External links

This article is issued from Wikipedia - version of the Sunday, October 25, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.