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”.
Category: Money Market
The acting governor noted that the fire incident should not be attributed to the ongoing investigation into the activities at the central bank by the Financial Reporting Council of Nigeria, adding that it did not affect the CBN governor’s office as being speculated.
Welcoming his counterpart to the Government Trace Policy Bank, Mr. Robert Orya thanked Mr. Awolowo and his team for taking the initial collaborative step, noting that NEPC and NEXIM Bank were the principal agencies of government responsible for the promotion of non-oil exports
He said that payment of deposits to customers of the banks would commence after the classification of their assets and liabilities and that the members of the public would be adequately informed.
Ibrahim told the Committee that this was meant to ease the hardship being experienced by depositors in the event of bank closures adding that the initiative would require a robust and effective information system in order to capture the balance figures on the ledger of every depositor prior to the closure of any insured bank.
The forum was aimed at set standard for sustainable business practices that would enable employees unleash their talents for higher productivity in their organisations.