Diamond Bank

Last updated

Diamond Bank Plc.
TypeFormerly Public limited company
NSE: DIAMONDBNK
IndustryFinance
Founded20 December 1990 [1]
Founder Pascal Dozie
FateMerged with Access Bank Plc., 1 April 2019
Headquarters,
Nigeria [2]
Area served
Nigeria
United Kingdom
Key people
Uzoma Dozie (CEO)
Services Banking
Financial services
RevenueIncrease2.svg:Pretax: 28 billion (US$175 million) (FY:2012) [3]
Total assets 1.7 trillion (US$7.3 billion) (December 2012)
Website diamondbank.com

Diamond Bank Plc., was a Nigerian multinational financial service provider. [4] Diamond Bank was acquired by Access Bank in December 2018, and announced to complete the transactions of the merger fully in the first half of 2019. [5] On 1 April 2019, Diamond Bank was fully merged with Access Bank to build a new entity while retaining the name of Access Bank with a logo that took the form of Diamond Bank. [6] [7]

Contents

Overview

The bank provides financial services. Its headquarters is located in Calabar, Nigeria. [8] As at June 2013, the bank operated 267 branches in Nigeria. [9] [ citation needed ]

Leadership

Uzoma Dozie is the CEO. The other board of directors is Mrs. Caroline Anyanwu, Mrs. Chizoma Okoli, Mr. Chiugo Ndubisi, Mr. Kabir Alkali Mohammed, Mr. Damian Dolland, Mr. Dele Babade, Mr. Christopher Ubosi, and Mr. Idris Mohammed.

See also

Related Research Articles

<span class="mw-page-title-main">Nordea</span> Nordic financial institution

Nordea Bank Abp, commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001. The Nordic countries are considered Nordea's home market, having finalised the sales of their Baltic operations in 2019. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.

<span class="mw-page-title-main">State Bank of India</span> Indian public sector bank

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time.

<span class="mw-page-title-main">Sumitomo Mitsui Banking Corporation</span> Japanese multinational banking and financial services company

Sumitomo Mitsui Banking Corporation Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks.

<span class="mw-page-title-main">PNC Financial Services</span> Major bank based in Pittsburgh

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.

<span class="mw-page-title-main">Bank of the Philippine Islands</span> Bank in the Philippines

Bank of the Philippine Islands is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.

<span class="mw-page-title-main">Bank Danamon</span> Indonesian bank

PT Bank Danamon Indonesia Tbk is an Indonesian bank established in 1956. It is the sixth largest bank of Indonesia by asset size.

<span class="mw-page-title-main">Access Bank plc</span> Nigerian multinational bank

Access Bank plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator.

<span class="mw-page-title-main">TMBThanachart Bank</span> Thai bank

TMBThanachart Bank (TTB) is a Thai transactional bank based in Bangkok. It has been listed on the Stock Exchange of Thailand (SET) since 23 December 1983. Piti Tantakasem was appointed CEO effective January 2018.

Sterling Bank Plc, which is a full service national commercial bank is licensed by the Central Bank of Nigeria. On Reuters and Bloomberg terminals, it is identified as STERLNB.LG and STERLNBA:NL respectively.

<span class="mw-page-title-main">Access Bank Group</span> Nigerian financial services conglomerate

Access Bank Group is a financial services conglomerate, headquartered in Nigeria, with subsidiaries in the Democratic Republic of the Congo, Ghana, Kenya, Nigeria, Rwanda, Gambia, Sierra Leone, South Africa, Zambia and the United Kingdom. The group also maintains representative offices in China, India, Lebanon and United Arab Emirates.

NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.

Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Intercontinental Bank plc, commonly referred to as Intercontinental Bank or simply Intercontinental, is a commercial bank in Nigeria. It is now owned by Access Bank plc. Intercontinental Bank is one of the twenty-four commercial banks licensed by the Central Bank of Nigeria, the country's banking regulator.

National Bank of Abu Dhabi (NBAD) was a bank operating in the United Arab Emirates (UAE) until it merged with the First Gulf Bank in December 2016 to form First Abu Dhabi Bank. NBAD was the largest lender bank in the Emirate of Abu Dhabi and in the United Arab Emirates. NBAD had the largest market capitalization among UAE banks.

<span class="mw-page-title-main">NCBA Group Plc</span> Kenyan financial services conglomerate

NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast.

<span class="mw-page-title-main">Gulf International Bank</span>

Gulf International Bank (GIB) was established in 1976 during the first oil boom and is incorporated in the Kingdom of Bahrain as a conventional wholesale bank. It is licensed by the Central Bank of Bahrain and is headquartered in Manama in Bahrain.

Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, is a financial services holding company formed to undertake the acquisition of target banks in Africa.

Paysafe Limited is a multinational online payments company. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Neteller, Skrill, Paysafecash and paysafecard.

Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.

<span class="mw-page-title-main">Aishah Ahmad</span> Nigerian accountant, financial analyst and financial manager

Aishah Ndanusa Ahmad, CFA, is a Nigerian policymaker and finance professional. She is currently a Deputy Governor of the Central Bank of Nigeria having been appointed on 6 October 2017, replacing Sarah Alade, who retired in March 2017. She was confirmed by the Nigerian Senate on 22 March 2018.

References

  1. Diamond Bank - About Us - Company Profile Archived 2010-10-27 at the Wayback Machine
  2. Google Finance - Diamond Bank
  3. Q3:2010 Financial Report
  4. "Central Bank of Nigeria:: All Financial Institutions". www.cenbank.org. Retrieved 24 August 2017.
  5. Oguamanam, Udoka (17 December 2018). "Statement Regarding Scheme To Merge With Access Bank". Diamond Bank. Retrieved 18 December 2018.
  6. Warami, Urowayino (1 April 2019). "Diamond Bank merger: Access Bank launches new brand logo". Vanguard News Nigeria. Retrieved 1 April 2019.
  7. "CBN, SEC grant approval in principle to Access, Diamond banks' merger". Punch Newspapers. Retrieved 1 April 2019.
  8. "Nigeria: 'I'm Leaving Diamond Bank Strong And Fulfilled'". This Day (Lagos). 1 March 2011. Retrieved 24 August 2017.
  9. "Diamond Bank". Parkway Projects. Retrieved 30 January 2020.