Diamond Trust Bank (Kenya)
Diamond Trust Bank Kenya Limited is a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and nation banking regulator.
Overview
Diamond Trust Bank Kenya Limited is a large financial services provider in Kenya, with total assets valued at KSh399,615,631,000/- as at 31 December 2023. At that time, shareholders' equity was valued at KSh56,692,780,000/-.History
Diamond Trust Bank, was founded in 1946. According to the website of the Central Bank of Kenya, the commercial bank was incorporated in its present form on 15 November 1998.Diamond Trust Bank Group was founded in 1945, as Diamond Jubilee Investment Trust with its head office in Dar es Salaam, Tanzania and branches in Mombasa Kenya and Kampala, Uganda. Subsequently, branches were also opened in Nairobi and Kisumu in Kenya. At the time, DJIT operated as a community-based finance house offering savings and extending credit to members of the Ismaili Community.
In 1965, DJIT was divided into three companies – DJIT Tanzania, DJIT Kenya and DJIT Uganda, with the respective head offices in Dar es Salaam, Nairobi and Kampala. DJIT Kenya changed its name to Diamond Trust of Kenya in 1990. Under the name change, the bank extended its facilities from a community-based finance house into a non-bank financial institution, and began offering financial services to the general public.