LAGOS, NIGERIA, 11 March 2016:
The continuing deterioration in Nigeria’s macro-economic conditions has resulted in Diamond Bank Plc recognising higher than expected impairment charges on loans made to the Energy and Commercial Business sectors. In light of these deteriorating conditions,and subsequent review of Diamond Bank Plc’s management accounts for the financial year ended December 31, 2015, preliminary indications are that earnings will be lower than in 2014.
Detailed financial statements for the year ended December 31, 2015 are expected to be released on or before March 31,2016.
For further information please contact:
Ifeatu O. Onwuasoanya–Head, Investor Relations
+2341 448 9866
Investor Relations team