Diamond Bank

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Diamond Bank Plc.
TypePublic
Traded asNSE: DIAMONDBNK
IndustryFinance
FoundedDecember 20, 1990[1]
FoundersPascal G. Dozie
HeadquartersVictoria Island, Lagos, Nigeria[2]
Area servedNigeria
Key peopleHRM Igwe Nnaemeka A. Achebe (Chairman)
Alex Otti (Group Managing Director & Chief Executive Officer)
ServicesBanking, Financial Services
RevenueIncrease:Pretax: 28 billion (US$175 million) (FY:2012)[3]
Total assets1.7 trillion (US$7.3 billion) (December 2012)
Subsidiariessee article
Websitediamondbank.com
 
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Diamond Bank Plc.
TypePublic
Traded asNSE: DIAMONDBNK
IndustryFinance
FoundedDecember 20, 1990[1]
FoundersPascal G. Dozie
HeadquartersVictoria Island, Lagos, Nigeria[2]
Area servedNigeria
Key peopleHRM Igwe Nnaemeka A. Achebe (Chairman)
Alex Otti (Group Managing Director & Chief Executive Officer)
ServicesBanking, Financial Services
RevenueIncrease:Pretax: 28 billion (US$175 million) (FY:2012)[3]
Total assets1.7 trillion (US$7.3 billion) (December 2012)
Subsidiariessee article
Websitediamondbank.com

Diamond Bank Plc., is a full-service Nigerian bank. It is one of the twenty-five (25) licensed commercial banks in the country.[4]

Overview[edit]

The bank is a large financial services provider in West Africa. Headquartered in Lagos, Nigeria's commercial capital, the bank maintains a banking subsidiary in Benin, Senegal, Cote d'Ivoire, Togo and The United Kingdom.[5] As of December 2012, the bank's total assets were valued in excess of US$7.3bn (NGN:1.7 trillion).

As at June 2013, the bank operates 240 branches in Nigeria, 20 branches in Benin Republic, 2 branches in Senegal, 1 branch in Togo and 3 branches in Côte d’Ivoire.

History[edit]

Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank.

In January 2005, following a highly successful Private Placement share offer which substantially raised the Bank's equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange. Moreover, in January 2008, Diamond Bank's Global Depositary Receipts (GDR) was listed on the Professional Securities Market of the London Stock Exchange. The first bank in Africa to record that feat.

Subsidiaries[edit]

Diamond Bank operates several subsidiary companies, based in Lagos, Nigeria, except where indicated:[6][7]

  1. Diamond Pension Funds Custodian Limited - Victoria Island, Lagos, Nigeria
  2. Diamond Bank (UK) Plc - London, United Kingdom
  3. Diamond Bank du Benin SA - Cotonou, Benin
  4. Diamond Bank Togo - Togo
  5. Diamond Bank Senegal - Dakar, Senegal
  6. Diamond Bank Côte d’Ivoire - Abidjan, Ivory Coast

See also[edit]

References[edit]

External links[edit]