Diamond Trust Bank

DTB is an affiliate of the Aga Khan Fund for Economic Development (AKFED), the economic development arm of the Aga Khan Development Network, and has operated in the East African market for over 60 years.

In 1945, DTB was incorporated in Kenya as the Diamond Jubilee Investment Trust (DJIT). In 1972, the name was changed to Diamond Trust of Kenya (DTK). It acquired a much wider public profile, transforming itself from a community based finance house into a non-bank financial institution (NBFI) serving the general Kenyan public. In the same year, DTB shares were floated on the Nairobi Stock Exchange through an IPO. Currently there are approximately 11,500 shareholders.

In 1983, International Finance Corporation (IFC) took up 10% equity interest in DTK. In 1986, the shares held by the Aga Khan and members of his family in DTK were consolidated under the Aga Khan Fund for Economic Development (AKFED); this shareholding currently stands at 17.3%.

In 1995, banking operations in Uganda were revived by injecting capital in the operation. DTK and AKFED increased their shareholding to 27% and 33% respectively. In Tanzania, similar injection of capital was made with DTK and AKFED taking up 33% and 31% shareholding respectively. More recently, in June 2007 and October 2008, Diamond Trust Bank Tanzania and Diamond Trust Bank Uganda, undertook a US$4.2million and a US$3million rights issues respectively.

Diamond Trust Bank Kenya took up its rights as well as the shareholding and rights of some other shareholders. Following this development, DTB Kenya now has 55% shareholding in DTB Tanzania and a 51% shareholding in DTB Uganda, making the two DTB Kenya’s subsidiaries(the DTB group).

After years of operating as a non bank financial institution, in 1997, DTK acquired a license to conduct commercial banking business and changed its name to Diamond Trust Bank Kenya Limited (DTB Kenya). It commenced commercial banking services in July 1997, offering a full range of services targeting principally small and midsized corporate.

In 2003, DTB Kenya started offering money transfer services to the unbanked community in Kenya under arrangement with Western Union (WU).

In 2004, the bank broadened its banking services by introducing retail banking to optimise on the opportunities in the retail banking market; Retail banking products were rolled out under a phased programme in Kenya and from 2008 in Tanzania and Uganda.

In 2006 and 2007, the DTB group increased its capital base through two successive rights issue offerings both of which were heavily subscribed. Through the two issues the bank raised KShs2.4billion (US$30million).

In late 2008, the DTB group established a commercial banking subsidiary in Burundi, Diamond Trust Bank Burundi S.A. DTB Kenya holds 67% of the equity in the Burundi operation, which commenced banking business in June 2009.

Contact Information:

Based on your needs, please contact us through the following options:

1. Call our Pilot lines for immediate assistance:
   Kenya (+254) 020 2849 000
   Tanzania (+255) 222 114891/2
   Uganda (+256) 414 387000/100
   Burundi (+257) 222 59988
2. Call the specific Country or Branch using the Location Finder
3. Email us at info@dtbafrica.com