Diamond Trust Bank (DTB) Group CEO Nasim Devji has been listed as one of the ‘Top 25 Powerful Women in the C-Suite Impacting Business 2022’ by the Business Monthly magazine.
Specifically, Mrs. Devji has been recognised for her role in steering DTB’s expansion drive to complement the group’s business growth strategy as a leading financial institution in East Africa. This includes an increase of 17 branch outlets by end 2022, aligned with DTB’s efforts to deepen its market presence and increase value through its assets beyond 2022.
(TOP: Nasim Devji, the Group CEO, Diamond Trust Bank – DTB).
This addition will increase DTB’s branch network in Kenya from 63 to 81, and the total branch network across East Africa from 129 to 146.
Speaking to this achievement, DTB Group CEO and MD, Nasim Devji said: “It is a privilege to be recognized in this list. I am keen to ensure that we deliver on our commitment to create convenience for our customers, grow our market presence and deliver value for our shareholders while protecting our planet, our people and our communities.”
DTB net earnings increased to Kshs 4.4 billion in 2021 compared to Kshs 3.5 billion over a similar period in 2020, representing an increase of 25.7%. The Group’s loans and advances to customers increased to Kshs 220.4 billion in 2021 from Kshs 20.6 billion in 2020. Customers’ deposits increased to 331.4 billion in the same period, up from 298.2 billion in 2020.
On his part, Business Monthly publisher Dr. Hanningtone Gaya said: “The East African list reflects women leaders that have affected and managed change and transformation of both the people and organizational culture. These leaders are cognizant of social impact, especially leadership on Environmental, Social, and Governance (ESG), the Sustainable Development Goals (SDGs) with major societal impact.”
The 25 women who made the list this year were mainly CEOs and a few holding level two C-Suite positions that is equivalent to Deputy CEOs. They are all at the helm of organizations, firms and functions where thy continue to excel in their performance, displaying phenomenal corporate leadership styles, human transformation, empathy and high degree emotional intelligence.
Diamond Trust Bank (DTB) Kenya is a regional bank listed on the Nairobi Securities Exchange (NSE). An affiliate of the Aga Khan Development Network (AKDN), DTB has operated in East Africa for in East Africa for more than 75 years. DTB’s focus on the Small and Medium Enterprises (SME) sector and commitment to enhancing convenience for customers through innovative digital solutions has driven the Bank’s growth in recent years.
DTB has been ranked among the top 100 banks in the world and top 250 businesses in Africa.