Diamond Trust Bank Kenya expands branch network with three new branches within Nairobi metropolitan area
11th July 2022: 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, DTB Kenya Chairperson Linus Gitahi described the move as part of the Bank’s plan to deepen its market presence in fast-growing regions. “As a tier one bank, we are keen on increasing our market presence as this underpins our growth strategy. The investments we are making are not only a show of the bank’s financial strength but also a sign of commitment to creating more convenience for our customers.” remarked Linus.
On her part, DTB Group CEO Ms Nasim Devji said the Bank’s move to continue expanding its branch network is a testament of the lender’s confidence in the Kenyan economy. “As DTB, we remain optimistic about Kenya’s economic recovery. We are therefore making strides to be closer to our customers to support them to attain their personal and business goals,” said Ms. Devji.
DTB’s move to open 3 new physical branches in one day is a corporate hattrick that is a first in Kenya’s banking industry. The lender is set to open 17 more branches in Kenya before the end of 2022 signalling a sizeable expansion in its branch network. DTB recently announced the resumption of dividend payments to its shareholders following a 42% rise in pre-tax profit.