• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Earnings Analysis 2013 H1: High Loan Loss, Rising Employee Cost Blight Diamond Bank Results

Ugodre Obi-chukwu by Ugodre Obi-chukwu
August 9, 2013
in Blurb
Earnings Analysis 2013 H1: High Loan Loss, Rising Employee Cost Blight Diamond Bank Results
Share on FacebookShare on TwitterShare on Linkedin

[upme_private]Diamond Bank Plc released its 2013 H1 results showing Net interest income rose a 22% to N51.4billion (2012: N42billion). The bank also post a higher operating of N57billion beating 2012 h1 results of N44.8billion. Pre-tax profits at the end of the period was N17.5billion compared to N15.3billion in H1 2012.

Key Highlights

  • Diamond Bank continues to write off loans at an astronomical rate. It has now written of N9billion in the first half of this financial year and about N6.4billion this quarter alone.
  • Another sour portion in the result is the 36% rise in operating expenses. It rose by over N10billion to N39.6billion. Cost to income ratio of 59% reflects this increase
  • Employee cost increased by  N5billion (2013 H1: N14.1billion) of that increase whilst marketing cost and contractor expenses also increased by N1billion each over the prior year.
  • Diamond Bank projects a “thirty to thirty five billion naira” profit at the end of the year. That may be difficult if loan losses and operating expenses continue to rise.
  • Diamond Bank remains a stock in our Portfolio 

Diamond Bank Plc 2013 H1

RelatedStories

2023 Elections: The most-followed Nigerian Presidential candidates on social media

Presidential candidates mute as Nigeria’s inflation rises to 17.7%

June 16, 2022
Uzoma Dozie’s Sparkle partners Open Banking Nigeria

From Chemist to Bank CEO – The Story of Uzoma Dozie

April 11, 2021

Diamond Bank Plc 2013 H1 results was released in the website of the NSE[/upme_private]

Tags: Diamond BankNigerian Company Results
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

2023 Elections: The most-followed Nigerian Presidential candidates on social media
Inflation

Presidential candidates mute as Nigeria’s inflation rises to 17.7%

June 16, 2022
Uzoma Dozie’s Sparkle partners Open Banking Nigeria
Profiles

From Chemist to Bank CEO – The Story of Uzoma Dozie

April 11, 2021
Ex-Diamond Bank chairman, Seyi Bickersteth is dead
Obituaries

Ex-Diamond Bank chairman, Seyi Bickersteth is dead

March 3, 2021
Access Bank, Scam Alert: Access Bank issues warning to customers over fraudulent acts , Director, West Africa region, IE, Onyekachi Eke, Access Bank lists N30 billion bonds on NSE , Access Bank, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, A new BVN guideline to curb e-fraud is coming soon - CBN announces , Access Bank donates 66 laptops to children in underserved communities, Access Bank postpones closed period for 2019 Year-End financial statement, Access Bank dispels rumour about its CEO being arrested, Access Bank set to establish subsidiary in Cameroon after acquiring Kenyan bank, Access Bank finally acquires Kenyan bank, Transnational Bank Plc, Herbert Wigwe: We are clamping down on malaria with the Malaria-To-Zero Initiative, Access Bank to list N15 billion green bond on Luxembourg Stock Exchange 
Blurb

How Access Bank got Japaul to pay up N37 billion loan that had gone bad

January 20, 2021
Covid-19: SBM Intel lists out industries that may be out of business post Coronavirus
Securities

Covid-19: Companies raise N222 billion in capital during lockdown

July 7, 2020
Nigerian CEOs, What led to fire outbreak - Unity Bank, Unity Bank Plc makes new appointment , Unity Bank introduces USSD code in Yoruba, Hausa and Igbo languages
Company Results

Unity Bank posts N44.5 billion as gross earnings in 2019

June 11, 2020
Next Post
Earnings Report 2013 H1: GSK Post N1.4billion Pre-Tax Profits

Earnings Report 2013 H1: GSK Post N1.4billion Pre-Tax Profits

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • SEC warns Nigerians against unregistered trading platform CMTrading 
  • The digital dilemma of Nominal Identity: Why your name alone is not enough
  • NIRSAL Contract: Appeal Court upholds N1.5 billion forfeiture against Consultant Ogidan

Follow us on social media:

Recent News

SEC warns Nigerians against unregistered trading platform CMTrading 

SEC warns Nigerians against unregistered trading platform CMTrading 

June 21, 2025
The digital dilemma of Nominal Identity: Why your name alone is not enough

The digital dilemma of Nominal Identity: Why your name alone is not enough

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics