Diamond Bank Plc released its 2015 Q1 results showing Net Interest Income rose 4.93% to N28.8billion compared to N27.5billion a year earlier. Pre-tax profits also dropped 9.45% to N8.3billion compared to N9.2billion. The drop in profits is attributed to the 30% rise in loan losses, which rose to N6.4billion during the quarter.
Diamond Bank earnings per share was also impacted by the increase in outstanding shares which has now risen to 23.1billion ordinary shares.
|Diamond Bank||2015 Q1||2014 Q1||%age Change|
|Net Interest Income||28,846||27,491||4.93%|
|Profit before Tax||8,367||9,241||-9.45%|
|Profit after tax||7,168||8,447||-15.14%|