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Diamond Bank

LSE:DBPA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBPA
LSE
$56B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

As of March 19, 2019, Diamond Bank Plc was acquired by Access Bank Plc. The last earnings update was 172 days ago. More info.


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DBPA Share Price and Events
7 Day Returns
0%
LSE:DBPA
2.1%
GB Banks
0.4%
GB Market
1 Year Returns
0%
LSE:DBPA
-7.4%
GB Banks
2.7%
GB Market
DBPA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diamond Bank (DBPA) 0% 0% 0% 0% 0% 0%
GB Banks 2.1% 3.2% 6.5% -7.4% 19.2% -13.1%
GB Market 0.4% 2.6% 7.7% 2.7% 14.7% 6.1%
1 Year Return vs Industry and Market
  • DBPA outperformed the Banks industry which returned -7.4% over the past year.
  • DBPA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.7% over the past year.
Price Volatility
DBPA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Diamond Bank's competitors could be found in our database.

DBPA Value

 Is Diamond Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Diamond Bank. This is due to cash flow or dividend data being unavailable. The share price is $3.4.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Diamond Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Diamond Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:DBPA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in NGN NGN-0.60
LSE:DBPA Share Price ** LSE (2019-04-16) in USD $3.4
LSE:DBPA Share Price converted to NGN reporting currency Exchange rate (USD/ NGN) 359.99 NGN1223.97
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.38x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Diamond Bank.

LSE:DBPA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:DBPA Share Price ÷ EPS (both in NGN)

= 1223.97 ÷ -0.60

-2037.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamond Bank is loss making, we can't compare its value to the GB Banks industry average.
  • Diamond Bank is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Diamond Bank's expected growth come at a high price?
Raw Data
LSE:DBPA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2037.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
46.5%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Diamond Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Diamond Bank's assets?
Raw Data
LSE:DBPA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in NGN NGN9.57
LSE:DBPA Share Price * LSE (2019-04-16) in USD $3.4
LSE:DBPA Share Price converted to NGN reporting currency Exchange rate (USD/ NGN) 359.99 NGN1223.97
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:DBPA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:DBPA Share Price ÷ Book Value per Share (both in NGN)

= 1223.97 ÷ 9.57

127.92x

* Primary Listing of Diamond Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamond Bank is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess Diamond Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Diamond Bank has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DBPA Future Performance

 How is Diamond Bank expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Diamond Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diamond Bank expected to grow at an attractive rate?
  • Diamond Bank's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Diamond Bank's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Diamond Bank's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:DBPA Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:DBPA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 46.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:DBPA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in NGN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:DBPA Future Estimates Data
Date (Data in NGN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
LSE:DBPA Past Financials Data
Date (Data in NGN Millions) Revenue Cash Flow Net Income *
2018-09-30 77,391 345,350 -14,360
2018-06-30 71,373 359,925 -18,552
2018-03-31 73,397 165,244 -16,200
2017-12-31 77,225 278,696 -12,970
2017-09-30 81,400 -374,119 2,512
2017-06-30 83,312 -274,573 1,017
2017-03-31 84,287 -213,907 500
2016-12-31 87,730 -284,228 1,972
2016-09-30 87,445 157,296 -6,810
2016-06-30 96,663 -116,096 2,547
2016-03-31 102,667 127,722 4,253
2015-12-31 104,638 3,509 5,616

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diamond Bank's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Diamond Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:DBPA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Diamond Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:DBPA Future Estimates Data
Date (Data in NGN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
LSE:DBPA Past Financials Data
Date (Data in NGN Millions) EPS *
2018-09-30 -0.60
2018-06-30 -0.81
2018-03-31 -0.70
2017-12-31 -0.56
2017-09-30 0.11
2017-06-30 0.04
2017-03-31 0.02
2016-12-31 0.09
2016-09-30 -0.30
2016-06-30 0.11
2016-03-31 0.18
2015-12-31 0.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Diamond Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Diamond Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Diamond Bank has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DBPA Past Performance

  How has Diamond Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Diamond Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Diamond Bank does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Diamond Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Diamond Bank's 1-year growth to the GB Banks industry average as it is not currently profitable.
Earnings and Revenue History
Diamond Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Diamond Bank Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:DBPA Past Revenue, Cash Flow and Net Income Data
Date (Data in NGN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 77,391.01 -14,359.59 34,772.87
2018-06-30 71,372.62 -18,552.18 35,081.21
2018-03-31 73,396.92 -16,199.74 35,521.55
2017-12-31 77,225.10 -12,970.29 35,936.59
2017-09-30 81,400.03 2,511.85 30,753.44
2017-06-30 83,312.06 1,016.95 33,615.25
2017-03-31 84,286.62 500.27 36,355.35
2016-12-31 87,729.86 1,972.45 38,489.05
2016-09-30 87,444.68 -6,810.05 45,121.61
2016-06-30 96,662.80 2,547.26 45,765.68
2016-03-31 102,667.37 4,253.05 48,982.14
2015-12-31 104,638.29 5,615.59 47,794.60
2015-09-30 125,169.47 21,114.31 57,867.58
2015-06-30 128,388.35 23,697.26 55,737.84
2015-03-31 127,503.55 24,067.46 50,736.87
2014-12-31 127,383.19 25,408.70 50,103.35
2014-09-30 125,383.76 28,635.63 47,392.31
2014-06-30 123,507.62 29,712.91 46,938.29
2014-03-31 121,423.33 30,737.85 41,768.28
2013-12-31 116,268.67 28,575.82 44,461.25
2013-09-30 112,077.14 24,069.62 45,244.27
2013-06-30 108,721.93 24,776.01 29,809.57
2013-03-31 102,023.48 23,338.55 41,878.99
2012-12-31 96,031.78 22,141.38 34,087.48
2012-09-30 74,749.82 10,904.11 7,509.74
2012-06-30 54,660.80 -5,330.73 22,499.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Diamond Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Diamond Bank has efficiently used its assets last year compared to the GB Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Diamond Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Diamond Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Diamond Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DBPA Health

 How is Diamond Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Diamond Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Diamond Bank Company Filings, last reported 6 months ago.

LSE:DBPA Past Debt and Equity Data
Date (Data in NGN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 221,615.48 188,983.29 49,137.85
2018-06-30 221,487.03 174,765.05 56,963.83
2018-03-31 221,928.58 231,738.36 71,644.80
2017-12-31 223,312.96 232,553.16 148,156.74
2017-09-30 235,882.96 217,980.70 69,471.98
2017-06-30 238,145.56 217,655.07 87,442.11
2017-03-31 232,353.92 224,492.69 85,770.96
2016-12-31 226,707.96 232,693.91 203,960.86
2016-09-30 227,975.78 247,181.98 89,306.51
2016-06-30 231,066.36 189,365.10 66,747.73
2016-03-31 220,410.69 158,342.86 127,671.43
2015-12-31 214,609.46 142,646.69 230,423.80
2015-09-30 224,613.72 126,921.43 99,478.38
2015-06-30 221,118.06 124,158.71 94,828.33
2015-03-31 218,300.04 128,896.97 60,216.78
2014-12-31 209,024.77 119,104.02 346,529.26
2014-09-30 154,039.26 116,974.69 54,692.09
2014-06-30 148,629.44 123,137.50 341,919.78
2014-03-31 147,057.38 82,694.05 197,553.60
2013-12-31 138,853.70 83,053.38 208,767.47
2013-09-30 129,379.60 80,959.16 150,543.54
2013-06-30 120,760.88 81,833.06 193,054.17
2013-03-31 114,853.94 82,673.87 320,142.50
2012-12-31 108,855.72 82,582.70 288,759.25
2012-09-30 106,693.80 79,553.23 196,827.27
2012-06-30 88,091.33 72,420.43 150,161.22
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Diamond Bank has an acceptable proportion of non-loan assets held.
  • Diamond Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Diamond Bank are broadly funded by customer deposits.
  • Diamond Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Diamond Bank has a low allowance for bad loans.
  • Diamond Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Diamond Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Diamond Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DBPA Dividends

 What is Diamond Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Diamond Bank dividends.
If you bought $2,000 of Diamond Bank shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Diamond Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Diamond Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:DBPA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:DBPA Future Dividends Estimate Data
Date (Data in NGN) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Diamond Bank has not reported any payouts.
  • Unable to verify if Diamond Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Diamond Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Diamond Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Diamond Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Diamond Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Diamond Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DBPA Management

 What is the CEO of Diamond Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Uzoma Dozie
AGE 49
TENURE AS CEO 4.4 years
CEO Bio

Mr. Uzoma Chuckwumaeze Dozie has been Chief Executive Officer at Commonwealth Trade Bank Plc since October 2018, Group Managing Director since 2019 and also serves as its Director. Mr. Dozie started his banking career in the Commercial Banking Unit at Guaranty Trust Bank Plc where he worked for some years and later moved to Citizens International Bank Limited where he worked in the Oil and Gas Division. Thereafter, he joined Diamond Bank Limited as Manager and Head of the Bank’s Oil and Gas Unit. He was at a time Head, Financial Control, then Retail Banking (where he spear-headed the introduction of lifestyle-changing retail products). He equally headed two distinctive strategic business units in the Bank before his appointment as an Executive Director in 2005, during which time he supervised the Retail Banking and Corporate Banking Divisions of the Bank. He at a time, acted as the Bank’s Chief Financial Officer. Mr. Dozie was the Executive Director in charge of Lagos Businesses between 2011 and 2013 until his appointment as a Deputy Managing Director in April 2013 and charged with the responsibility to oversee the Retail Banking Directorate of the Bank. He has attended various specialist and executive development courses in Nigeria and overseas. Mr. Dozie graduated in 1991 with a Bachelor of Science degree in Chemistry from the University of Reading, Berkshire England. He obtained a Master of Science degree in Chemical Research from University College, University of London in 1992 and an MBA with specialisation in Finance, from Imperial College Management School, London in 1998. He also attended the Program for Management Development at the Harvard Business School, Boston, Massachusetts, USA.

CEO Compensation
  • Insufficient data for Uzoma to compare compensation growth.
  • Insufficient data for Uzoma to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Diamond Bank management team in years:

2.7
Average Tenure
  • The tenure for the Diamond Bank management team is about average.
Management Team

Uzoma Dozie

TITLE
CEO, Group MD & Director
AGE
49
TENURE
4.4 yrs

Chiugo Ndubisi

TITLE
CFO & Executive Director
TENURE
3.7 yrs

Alex Alozie

TITLE
Head of Operations
TENURE
2.7 yrs

Lanre Bamisebi

TITLE
Chief Information Officer & Head of IT Services
TENURE
2.8 yrs

Inyang Etim

TITLE
Head of Administration

Ifeatu Onwuasoanya

TITLE
Head of Investor Relations

Femi Jaiyeola

TITLE
Chief Compliance Officer
TENURE
2.4 yrs

Uzo Uja

TITLE
Company Secretary & Legal Adviser
TENURE
1.8 yrs

Chioma Afe

TITLE
Head of Corporate Communications
TENURE
2.6 yrs

Ogechi Altraide

TITLE
Head of Sales
Board of Directors Tenure

Average tenure of the Diamond Bank board of directors in years:

2.3
Average Tenure
  • The average tenure for the Diamond Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dele Babade

TITLE
Acting Chairman
TENURE
0.3 yrs

Uzoma Dozie

TITLE
CEO, Group MD & Director
AGE
49
TENURE
4.3 yrs

Chiugo Ndubisi

TITLE
CFO & Executive Director
TENURE
2.3 yrs

Chizoma Okoli

TITLE
Executive Director of Business Banking Division & Director
TENURE
2.4 yrs

Caroline Anyanwu

TITLE
Deputy MD
TENURE
8.3 yrs

Kabir Mohammed

TITLE
Non Executive Director
TENURE
6.3 yrs

Chris Ubosi

TITLE
Non-Executive Director
TENURE
1.4 yrs

Idris Mohammed

TITLE
Non-Executive Director
AGE
47
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Diamond Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Diamond Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DBPA News

Simply Wall St News

DBPA Company Info

Description

As of March 19, 2019, Diamond Bank Plc was acquired by Access Bank Plc. Diamond Bank Plc, together with its subsidiary, provides banking and other financial services to corporate and individual customers in Nigeria, rest of West Africa, and Europe. The company operates through four segments: Treasury, Business Banking, Retail Banking, and Corporate Banking. It offers investment, commercial and retail banking, securities dealing, and custodian services. The company’s personal banking products and services include current and savings accounts, as well as term deposits; consumer loans, such as personal, auto, mortgage, pay day, and school fees loans, as well as asset leasing services; debit and credit cards; and agency and merchant services. Its business banking products and services comprise current and currency accounts; emerging businesses revolving and installment loans, and loans for the healthcare sector; local purchase order, import, and contract finance services, as well as revolving credit; and treasury bills and investment notes. In addition, the company offers guarantees, letters of credit, trade finance, and trade collection services; foreign exchange and cash management services; insurance products; and payment, online and electronic banking, and money transfer services. Diamond Bank Plc was incorporated in 1990 and is headquartered in Lagos, Nigeria.

Details
Name: Diamond Bank Plc
DBPA
Exchange: LSE
Founded: 1990
$56,048,141,302
23,160,388,968
Website: http://www.diamondbank.com
Address: Diamond Bank Plc
PGD's Place,
Plot 4, Block V,
Lagos,
Nigeria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE DBPA GDR 144A London Stock Exchange GB USD 11. Dec 2007
Number of employees
Current staff
Staff numbers
3,299
Diamond Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 21:21
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2018/10/26
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.