Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). In January 2005, following a highly successful Private Placement share offer, Diamond Bank became a public limited company (plc). In May 2005, the Bank was listed on The Nigerian Stock Exchange. In October 2005, the Bank acquired former Lion Bank of Nigeria Plc. In January 2008, Diamond Bank’s $500m Global Depository Receipts (GDRs) was listed on the Professional Securities Market of the London Stock Exchange, the first African bank to achieve this feat. In 2009, we were rated A- by Fitch, A+ by Agusto and A by GCR, reflecting the bank’s sustainable liquidity, sound and professional practices and good standing as a high investment grade institution.
One of the Nigerian’s leading international banks with strong offerings in retail, corporate, investment and public sector banking, we are in a strategic partnership with International Finance Corporation (IFC) who availed the Bank a $20 million facility, dedicated specifically to support the growth of Micro, Small and Medium Enterprises (MSME) lending in the country.
Diamond Bank has over the years leveraged on its underlying resilience to grow its asset base and successfully retain its key business relationships. As at October, 2011, the Bank had 220 branches located in various cities and commercial centers in Nigeria, over 14 branches in the Benin Republic and branches in Senegal, Togo and Ivory Coast.
As at December 31, 2010, our balance sheet size stood at N882bn, the bank’s deposit base was N412bn.
Total assets were about N650.8bn and Shareholders funds stood at N114.4bn.At Diamond Bank, we strive to avail our clients a service offering of unequalled quality and convenience. We are reputed for providing solutions to customers through innovative products and exceptional service. We believe less in immediate gains and more in the long-term benefits of reshaping the financial services sector. Our investment in customer satisfaction has placed Diamond Bank in good stead – and our customer base continues to grow as significantly as our reputation.