Diamond Trust Bank has this morning released 1H13 performance figures posting a 38.43% rise in net earnings. This was driven by a 15.5%y/y increase in operating income and lower growth in operating expenses. Net interest income rose 16.9%, primarily due to a 22.8% decline in interest expenses. Operating expenses rose 14.65%, though cost to income ratio remained unchanged at 43%. Loan book grew by 8.11%, while customer deposits were up 5.69%.

All in all a good performance, though not as spectacular as CFC Stanbic which is clearly on super steroids.