Diamond Trust Bank (DTB) is scheduled to open its branch in Bondo Sub-County on September 9, 2024. In a meeting between the DTB officials and Siaya Governor James Orengo, the officials agreed to open a branch opposite Kenya Commercial Bank. Governor Orengo who was accompanied by CECMs - Grace Agola (Trade), Benedict Omollo (Finance), and George Nying’iro (Roads and Public Works), hailed the bank yet to be opened in Bondo, saying it is strategic, as it would serve customers and grow towns in the region. "We are excited with the milestone," Orengo said.
According to the Trade Executive, Grace Agola, Siaya County shall use the opportunity to collaborate with the Bank on matters that would see development agenda for Nyalore Administration realized. She added that collaboration with the bank shall help in promoting the upcoming investment conference.
"We look forward to work together with DTB to ensure Siaya International Investment Conference scheduled for March next year is successful through sponsorship and partnership," said Agola. At the same time, the County Government seeks to have an investment hub for the financial group, encompassing NTV and Aga Khan Hospital. Agola added that the initiative will create job market that would ensure workers a reason to stay in Siaya to reduce cash flight that we realized in the county. "The MOU will see to it that contractors who lacks capacity in terms of finances get credit from the Bank to implement projects," said Agola.
DTB Director Commercial Dr. Kennedy Nyakomitta said that the opening this wing of DTB in Siaya, will be part of the bank’s strategy to grow its business in new sectors of economy. By doing so, DTB will attract traders, fishermen, gold prospectors, retailers, and business owners, providing tailored solutions of fostering meaningful relationship in every community. The lender aims at deepening its market procedure in fast growing regions.
"We are keen on increasing our market presence, as this underpins our growth strategy," said Nyakomitta.
DTB net profits for the year 2023 grew by 13.4% to Ksh 6.8 billion on higher interests and transaction-based income. The lender raised its dividends payout for personal to record Sh. 6 per share amounting to Sh. 1.6 billion on improved profits. Also, the company had paid a dividend of Sh. 5 per share for the preceding year.