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Diamond Bank has also released its Q1 2018 financial statements for the year ended 31 March 2018.

Here are the key highlights of the reports


The bank reported interest income of ₦38.13 billion for the quarter ended 31st March 2018 as against ₦38.65 billion recorded during Q1 2017. This represents a 1% decline in interest income.

Profit Before Tax

Profit before tax was ₦1.25 billion in Q1 2018 as against ₦5.05billion in Q1 2017. This represents a 75% decrease.

Profit After Tax

Profit after tax for the quarter ended 31st March was ₦784 Million as against ₦4.29 billion recorded in Q1 2017.


Earnings per Share

The earnings per share for the quarter ended 31st March 2018 is 15 kobo as against 16 kobo in Q1 2017.

Current Share Price

Diamond Bank closed trading today at ₦1.90 with a 1-year return of 90.00%.


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Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com


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