Diamond Bank’s $200m Eurobonds Receive Global Acceptance
Investors worldwide have indicated a warm acceptance of the Diamond Bank brand at its recently concluded inaugural Eurobond issuance exercise with the printing of $200mn worth of bonds with a maturity of 5 years.
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Diamond Bank Launches National Prep Challenge To Stem Exam Failure Rates
Diamond Bank Plc has launched a project tagged, The National Prep Challenge, with the objective of stemming the high failure rate among students sitting for school leaving and matriculation examinations across the country.
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Diamond Bank Launches BET4, N15 million Up For Grabs
Diamond Bank Plc has launched Season 4 of the Building Entrepreneurs Today (BET4) programme, a Corporate Social Responsibility initiative of the bank aimed at enhancing the growth potentials of Nigerian entrepreneurs through capacity building.
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Diamond Bank Extends Alex Otti’s Tenure …Appoints Two Deputy Managing Directors
The Board of Directors of Diamond Bank Plc has announced the extension of the tenure of its Group Managing Director and Chief Executive Officer, Dr. Alex Otti for another three years with effect from March 2014. It also announced the appointment of Caroline Anyanwu and Uzoma Dozie, who are both Executive Directors at the bank, as Deputy Managing Directors. This is the first time the bank will appoint Deputy Managing Directors since it was established about 23 years ago. In addition, the bank promoted 473 other members of staff across the bank to higher positions following the conclusion of staff performance evaluation for 2013.
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Diamond Bank Doles Out Cash To Outstanding Enterpreneurs
Five exceptional entrepreneurs have become the latest winners of Diamond Bank-sponsored Building Entrepreneurs Today (BET) programme as the bank presented seed-money of N3million to each of the small business owners. The presentation ceremony which heralded the end of the third season of the entrepreneurial development programme, was held on Thursday, 17 April 2014 at the Oriental Hotel, Lagos.
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Diamond Bank Set To Hold 2014 AGM
Diamond Bank PLC has announced its 22nd Annual General Meeting (AGM) scheduled for Thursday, April 24,2014 at the Civic Centre, Victoria Island, Lagos. The AGM will afford the bank’s management the opportunity to formally present to the shareholders the Bank’s financial report for the year ended December 31, 2013. For the period under review, the bank recorded excellent financial performance with a double digit return on equity as it announced a 16.7% increase in profit before tax to N32.1billion. On the back of this performance, the bank has proposed a dividend of 30k per 50k ordinary shares.
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Diamond Bank Bags Double Awards At CBN Dinner
Lagos, Nigeria; April 15, 2012: Nigeria’s leading retail bank, Diamond Bank Plc, has received yet another award from industry regulator, the Central Bank of Nigeria (CBN) for compliance in cash handling and punctuality at CBN gatherings.
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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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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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