Diamond Bank Plc on Friday, announced its results for the nine months ended September 30, 2010.
According to a statement released by the bank, it recorded an impressive growth of 638 per cent in profit before tax and exceptional items, from a negative of N1.2bn in the corresponding period last year, to N7.0bn in the period ended September 30, 2010. It added that its balance sheet grew by1.56 per cent, while its liquidity ratio stood at 40 per cent, which was 15 per cent above the minimum regulatory ratio of 25 per cent.
Speaking on the result, the Managing Director, Diamond Bank, Mr. Emeka Onwuka, affirmed that the bank was making steady progress.
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