Diamond Trust Bank Tanzania Plc (DTBT) is a prominent commercial bank in Tanzania, licensed by the Bank of Tanzania. Established in 1945 as the Diamond Jubilee Investment Trust (DJIT). In 1997, it transitioned into a full-fledged commercial bank, adopting the name Diamond Trust Bank Tanzania Limited. By 2022, it had restructured into a public limited company, now known as Diamond Trust Bank Tanzania Plc. DTBT is a subsidiary of the Diamond Trust Bank Group, a regional banking network with operations in Kenya, Uganda, Burundi, and Tanzania. The group is affiliated with the Aga Khan Development Network (AKDN), and DTB Kenya holds a majority stake in DTBT. DTBT offers a comprehensive range of financial services, including loans, savings and checking accounts, investments, debit and credit cards, mortgages, and electronic funds transfers. In 2023, DTBT reported a significant improvement in its financial performance, contributing to 35% of the Diamond Trust Bank Group’s profit before tax in the first half of the year, up from 23% in the same period in 2022. This growth was attributed to improved net interest income and increased fee income, supported by higher foreign exchange dealing profits. DTBT is committed to digital transformation, aiming to become a technology-driven bank. In 2023, the bank expanded its digital IT team by 75% and achieved a 99.67% uptime on critical banking platforms, reflecting its dedication to enhancing digital banking services. With a strong foundation, strategic regional partnerships, and a focus on innovation, Diamond Trust Bank Tanzania Plc continues to play a vital role in Tanzania’s banking sector, supporting economic growth and financial inclusion.
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