Diamond Trust Bank Kenya launches new branches in expansion drive

KENYA – Diamond Trust Bank Kenya Limited (DTB) has opened three new brick-and-mortar branches as part of its growth strategy. The three new branches are located at Imara Daima (Imaara Mall), Kamakis (Viashla Business Centre) and Kahawa Sukari (Ruhan Plaza) and have pushed DTB’s physical branch network in Kenya to 64. Speaking at the opening of the three new branches,…

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Diamond Trust Bank (K) to shut six branches by end of October 2021

KENYA – Nairobi Securities Exchange listed lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint in Kenya. In a notice issued to the press, the lender said it had received approval from the Central Bank of Kenya (CBK) to consolidate its branches. “The DTB…

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Diamond Trust Bank (K) commits US$14.6m for Covid-19 recovery loans for SMEs

KENYA – Diamond Trust Bank Kenya (DTB), will lend at least US$14.6 million to Micro, Small, and Medium Enterprises (MSMEs) this year to aid in Covid-19 recovery, the bank’s leadership has announced. DTB Board Chairman Linus Gitahi said the bank would place emphasis on MSMEs that are led by women. He spoke at a breakfast hosted by the bank to…

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Banking group DTB secures US$50m from IFC for onward lending to SMEs

KENYA – Diamond Trust Bank Kenya (DTB), a banking group, has secured KSh5.41 billion (US$50 million) from the World Bank Group’s private sector arm, the International Finance Corporation (IFC)  for onward lending to small and medium-sized businesses (SMEs) which have been hardest hit by economic woes as a result of the Covid-19 pandemic. IFC loan will enable Kenya’s eighth largest…

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Toyota Kenya and DTB partner in a new financing model for SMEs

KENYA – Diamond Trust Bank (DTB) and Toyota Kenya unveiled a partnership to enable Small and Medium Enterprises buy new vehicles. The partnership will allow customers to acquire a car at 100 percent financing from DTB. Dubbed ‘Beba Leo’ the Motor Vehicle Financing Scheme is meant for SMEs, who will get financing to acquire either the Toyota Hilux or Toyota…

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DTB, Mastercard and DPO Group extend digital payment services

EAST AFRICA – Diamond Trust Bank (DTB) has joined African payment services provider DPO Group and Mastercard in the rollout of a business to business (B2B) virtual payment card in Kenya and Tanzania. According to the Star, the DPO Virtual Card will improve reach and ability of businesses to make instant digital payments to other businesses in Africa and across…

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