Diamond Bank PLC has announced its 2013 Quarter 3 results, reporting a 10% growth in profit before tax when compared to the corresponding period of 2012. The bank posted a profit before tax of N25.6 billion.
It will be recalled that in the course of the year the bank embarked on a number of initiatives in a bid to consolidate its market leadership in the retail banking space and further improve on its performance. These include the launch of the Agency Banking model – the BETA product, in partnership with Women’s World Banking (WWB); the launch of a dedicated proposition targeted at secondary and primary schools -the Diamond School Xpress Proposition; and the signing of a Memorandum of Understanding with a leading telecoms services operator for the launch of a hybrid bank account -the Diamond Y’ello Account.
Newslink “DIAMOND BANK LEVERAGES INNOVATIVE PRODUCTS TO POST N25.62BN PBT FOR Q3 2013”