FY 2013: Diamond Bank Consolidates Profitable Growth With 29% Increase In Profit After Tax
Diamond Bank PLC has continued on the path of excellent financial performance, delivering a double digit return on equity as it announced a 16.7% increase in profit before tax to N32.1billion for the full year ended December 31, 2013. On the back of the very good performance, the bank has proposed a dividend of 30k per 50k ordinary shares. In a statement released from its head office in Lagos, Group Managing Director / Chief Executive Officer of the Bank, Dr. Alex Otti, stated “We are pleased to announce that Diamond Bank has exceeded its N30 billion profit guidance to return a profit before tax of N32 billion in 2013. This result is rooted in our strength to attract low-cost deposits and deploy these into various assets at profitable yet acceptable risk levels”.
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Diamond Partners Moneygram International On Money Transfer
Diamond Bank PLC, a leading player in the Nigeria retail banking space, has entered into a strategic partnership with MoneyGram International, for the provision of money transfer services. At the partnership signing ceremony which held at the Bank’s corporate head office in Lekki, Lagos, Executive Director - Retail Banking, Diamond Bank Plc, Mr. Uzoma Dozie disclosed that the partnership was an important milestone in providing secure and accessible money transfer services to meet the needs of the Bank’s customers.
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Diamond Bank Partners Lagos Black Heritage Festival To Reward Children’s’ Creative Talents
Diamond Bank PLC, a leading player in the Nigerian retail banking space, has once again partnered with the Lagos Black Heritage Festival (LBHF) by sponsoring the 2014 Vision of a Child Competition holding from April 14 through 21, 2014. Speaking at a press conference which held prior to the painting competition, Mr. Victor Ezenwoko, Executive Director -Lagos Businesses, Diamond Bank PLC, disclosed that the bank has maintained a strong relationship with the Vision of The Child competition as it is a demonstration of its commitment to developing the future of the Nigerian child. According to him, the bank has supported the project since 2012.
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Music, Theatrics, Comedy At Legend Extra Stout’s BlackREALvolution
It was an exciting and memorable Friday for thousands of curious Nigerians who trooped to the Eko Atlantic (Bar Beach) for the unveiling of the BlackRealvolution mystery. For several weeks, various social media was agog with the BlackRealvolution buzz, which was first presented to the public as a movement, spearheaded by Femi Anikulapo-Kuti, scion of late Afro Beat legend, Fela Anikulapo-Kuti, who is immensely popular, both as a world-class musician and as a social crusader that has canvassed against corruption, nepotism and oppression amongst other things, and a couple of other notable Nigerian artistes, including multiple award-winning artiste, Tuface Idibia.
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#BlackREALvolution Movement For Launch On Friday, March 28
….Sound Sultan, Bovi, DJ Xclusive, Others Show Support
The suspense and anticipation surrounding the #BlackREALvolution will be laid to rest on Friday, March 28, when the movement will be formally launched. Popular musicians, Femi Anikulapo-Kuti, Nigeria’s king of afro-beat and 2Face Idibia, afro hip-hop exponent, have showed their support for the movement. There has been an upsurge in support of the #BlackREALvolution from other celebrities. Music acts such as Sound Sultan and Chuddy K, comedians Bovi and Gordons and superstar disc jockey, DJ Xclusive, have also thrown their weight behind the movement. Read More
Diamond Bank, Medical Credit Fund to provide loans for Private Primary Healthcare Providers
Nigerians can now look forward to enjoying improved medical care as leading retail bank, Diamond Bank PLC has signed a partnership agreement with Netherlands-based Medical Credit Fund to provide affordable loans to private primary healthcare providers to improve the quality of their services. Loan provision under the partnership comes at affordable terms and can be combined with a comprehensive technical advisory package, which allows the healthcare providers to improve the clinical quality of their services whilst strengthening their business models.
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Diamond Bank Advocates Organizational Integrity in Oil & Gas Sector
Corporate players in the Nigerian Oil and Gas sector have been advised to cultivate and imbibe sound organizational integrity as a business culture if they are to access capital assistance from banks. Speaking on the topic, “Access to Capital for Indigenous Oil & Gas Industry Growth: Current Challenges and Recommendations,” at this year’s Nigerian Oil & Gas (NOG) Week in Abuja, Mr. Samuel Egube, Director, Corporate Banking, Diamond Bank Plc, emphasized that organizational integrity is a key deciding factor for banks in deciding businesses to support.
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AM Facilities MD To Speak At Asset Summit Africa
Engr. Femi Akintunde, Managing Director/Chief Executive Officer of Alpha Mead Facilities & Management Services Ltd (AM Facilities), will be speaking at the 3rd Annual Infrastructure Asset Summit Africa, scheduled to hold from 31st March to 1st April, 2014, at the Eko Hotel & Towers, Victoria Island, Lagos. The Summit, which has as its theme: “Reduce Cost, Improve Safety & Increase Profitability Through Effective Asset Management & Maintenance”, will be taking place for the first time on African soil along with a two-day workshop.
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Policeman Wins Star’s Last Ticket To Brazil
The last of the 11 consumers that Star lager beer will be taking to Brazil for an all-expense extra-ordinary experience has emerged. He is name is Chukwuma Tochukwu Obo, an Inspector in the Nigerian Police Force. He was the star prize winner at the Star Trip To Brazil promodraw held at the Bamboo Garden, Awka, Anambra State. Chukwuma who has never travelled outside the country before is already relishing the fact that his first overseas experience will be in Brazil. He said: “My expectation of what will happen on that trip is very high because I have not travelled outside Nigeria before; and my first overseas trip is to Brazil. I have to expect many great things. I’m also looking forward to the tourism potentials of Brazil.”
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Diamond Bank Adopts Caro Favoured College, Ajegunle … Teaches Financial Literacy to Students
As part of efforts to promote financial literacy among children and youth, and give them access to good quality education, Diamond Bank PLC, a leading player in the Nigerian Retail Banking space, has adopted Caro Favoured College, Awodi-Ora, Ajegunle. Officials of the bank, who visited the school on a mentoring program as part of activities to commemorate the Global Money Week, said the move was informed by Diamond Bank’s commitment to building capacity among the country’s future leaders and in support of the financial inclusion policy of the Central Bank of Nigeria.
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Widower, Student, Join Brazil Bound Consumers of Star Lager Beer
Star lager, Nigeria’s highest selling beer brand, continues to put smiles on the faces of its consumers via the Star Win A Trip To Brazil consumer promotion. A galaxy of the beer’s patrons, ranging from students to businessmen, recently reaped from the brand’s unique consumer reward scheme, with scores of them winning prizes such as 32 inch LED TV sets, power generators, home theatres, industrial fans and the likes. However, the ‘Star’ attractions of the weekend were Segun Akpata, a widower, and Zakky Ide Onyebuchi, a student of the Institute of Management and Technology (IMT), Enugu, currently undergoing Industrial Attachment. They both emerged winners of two of the 11 tickets, which will see Star lager beer taking the lucky consumers on an all-expense paid trip to Brazil.
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FIFA World Cup: OSMI Parleys Broadcast Partners
In order to achieve its primary objective of delivering quality broadcast to Nigerians during the FIFA 2014 World Cup in Brazil, Optima Sports Management International (OSMI) has kicked off its stakeholder engagement programme with a workshop for its Broadcast Partners from the Broadcasting Organisations of Nigeria (BON) OSMI, the exclusive 2014 FIFA World Cup terrestrial broadcast rights owners for the Nigerian territory, will be transmitting the tournament’s 64 matches live on local radio and television stations across the country. The broadcast is as a result of an agreement between OSMI and BON; which is the umbrella body of all Radio and Television stations in Nigeria to ensure every Nigerian regardless of class, cadre or location has access to the mundial.
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