DIAMOND BANK PLC

UNAUDITED HALF YEAR RESULT AS AT JUNE 30, 2011

CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE
PERIOD ENDED:

30th June 2011

Group
N'000

30th June 2010

Group
N'000

30th June 2011

Bank
N'000

30th June 2010

Bank
N'000

44,081,261

46,125,520

40,487,982

43,061,164

30,143,942
(4,847,345)
25,296,598

33,978,075
(11,233,706)
22,744,369

29,234,727
(4,265,173)
24,969,554

32,984,071
(10,985,015)
21,999,057

13,937,319
39,233,917

12,147,445
34,891,814

11,253,255
36,222,809

10,077,092
32,076,149

(26,255,879)
12,978,038

(23,157,840)
11,733,974

(23,466,847)
12,755,962

(20,558,201)
11,517,947

(10,992,461)
1,985,577

(5,529,282)
6,204,692

(10,930,745)
1,825,217

(5,426,021)
6,091,926

Taxation
Profit/(Loss) After Taxation

(781,690)
1,203,887

(1,619,510)
4,585,182

(638,826)
1,186,391

(1,522,982)
4,568,945

Non-controling Interest
Profit Attributable To The Group

(15,103)
1,188,784

(10,484)
4,574,698

1,186,391

4,568,945

40,594,389
10.8%
17
17

60,310,034
17.7%
63
63

37,667,729
10.5%
16
16

58,050,834
17.6%
63
63

Notes
Gross Earnings
Interest and Discount Income
Interest Expense
Net Interest And Discount Income

1
2

Other Income
Operating Income
Operating Expenses
Operating Profit before Tax
Provision For Losses
Profit/(Loss) Before Taxation

Key Financial Information

Total Non-Performing Loans
Total Non-Performing Loans To Total Loans
Basic Eps (Annualized, Kobo)
Diluted Eps (Annualized, Kobo)

DIAMOND BANK PLC

CONSOLIDATED BALANCE SHEET AS AT :
Notes
Assets
Cash And Balances With Central Banks
Due from Other Banks & Financial Institutions
Short Term Investment
Loans and Advances to Customers
Advances Under Finance Lease
Deferred Taxation
Other Assets
Investment Securites
Investment in subsidiaries
Investment Property
Property Plant & Equipment
Total Assets

31st Dec. 2010

Group
N'000

30th June 2011

Bank
N'000

31st Dec. 2010

Bank
N'000

31,856,806
98,769,676
27,901,959
348,679,118
5,361,930
4,824,529
19,630,360
80,196,067
4,028,241
36,176,394
657,425,079

27,606,200
66,815,068
51,302,987
307,135,161
5,071,279
4,757,142
18,109,748
73,491,632
3,755,064
36,750,856
594,795,137

23,941,774
90,922,068
14,727,754
335,759,417
5,345,339
3,426,533
15,504,260
56,225,684
14,173,582
3,650,010
33,799,676
597,476,097

17,764,318
61,609,150
43,063,637
307,828,170
5,071,279
3,265,430
8,386,866
49,528,513
17,442,980
34,442,217
548,402,560

464,806,545
3,759,526
1,454,052
580,464
51,706,198
27,126,992
549,433,777

412,031,918
15,347,216
1,995,250
580,464
29,474,415
28,281,011
487,710,274

425,712,990
3,759,526
1,271,195
580,464
24,313,559
27,126,992
482,764,725

378,733,006
4,104,098
1,649,557
580,464
18,173,265
28,281,011
431,521,401

7,237,622
100,364,609
107,602,230

7,237,622
99,391,580
106,629,202

7,237,622
107,473,750
114,711,371

7,237,622
109,643,537
116,881,159

389,072

455,661

Liabilities and Equity

657,425,079

594,795,137

597,476,097

548,402,560

Acceptances and guarantees

208,829,031

228,845,811

119,177,619

155,424,498

Liabilities
Deposits
Due to Other Banks & Financial Institutions
Current Taxation
Deferred Taxation
Other Liabilities
Borrowings
Total Liabilities
Equity
Share capital
Reserves

Non-controlling Interest

4
5

30th June 2011

Group
N'000

6
7

8
9

10

11

DIAMOND BANK PLC

CONSOLIDATED CASHFLOW STATEMENT FOR THE PERIOD ENDED:

Net cash generated from operating activities

30th June 2011

Group
N'000

31st Dec. 2010

Group
N'000

30th June 2011

Bank
N'000

31st Dec. 2010

Bank
N'000

28,948,212

(23,544,183)

23,766,104

(36,037,951)

Investing Activities
Purchase of Long Term Investment Securities - Bonds
Sale of Long Term Bonds
Additional Investment In Subsidiaries
Addition to Investment Property
Proceeds from Sale of Investment Property
Purchase of Property and Equipment
Proceeds from Sale of Property and Equipment

(11,669,695)
(273,177)
(3,385,494)
1,603,555

(9,851,099)
1,327,323
(427,452)
147,000
(4,385,205)
232,315

(7,837,246)
3,269,398
(3,650,010)
(3,385,494)
1,671,636

(9,688,084)
328,462
(1,000,000)
(4,166,145)
266,607

Net Cash From Investing Activities

(13,724,811)

(12,957,118)

(9,931,716)

(14,259,160)

Financing Activities
Repayment of Borrowings
Dividend Paid to Shareholders
Proceed of New Borrowings

(1,154,019)
(2,139,286)
-

(6,279,985)
(91,372)
15,510,000

(1,154,019)
(2,149,110)
-

(6,279,986)
(91,373)
15,510,000

Net Cash From Financing Activities

(3,293,306)

9,138,643

(3,303,130)

9,138,641

Effect of Exchange Rate Changes on Cash and Cash Equivalents

Increase In Cash and Cash Equivalents
Analysis of Changes In Cash and Cash Equivalents
Balance as st beginning of period
Balance as at end of period
Increase In Cash and Cash Equivalents

715,273

(305,883)

12,645,368

(27,668,541)

10,531,259

(41,158,470)

142,347,487
154,992,855

170,016,028
142,347,487

119,060,337
129,591,596

160,218,807
119,060,337

12,645,368

(27,668,541)

10,531,259

(41,158,470)

DIAMOND BANK PLC

NOTES TO THE ACCOUNT

1 Interest and discount income

Placements and short-term funds
Treasury bills and investment securities
Risk assets

2 Interest expense
Inter-bank takings
Current accounts
Time deposits
Savings accounts
Borrowed funds

3 Operating expenses
Staff costs
Depreciation
Other operating expenses

30th June 2011

Group
N'000

30th June 2010

Group
N'000

30th June 2011

Bank
N'000

30th June 2010

Bank
N'000

2,552,576
2,487,100
25,104,267
30,143,942

3,402,944
2,831,486
27,743,645
33,978,075

2,333,372
3,281,841
23,619,513
29,234,727

3,216,409
2,807,042
26,960,621
32,984,071

4,564
258,176
2,234,674
1,439,316
910,615
4,847,345

247
325,870
8,626,476
1,569,488
711,625
11,233,706

4,564
258,176
2,234,674
1,439,316
328,444
4,265,173

247
325,832
8,618,720
1,568,459
471,758
10,985,015

8,697,322
2,461,778
15,096,779
26,255,879

8,102,596
2,348,169
12,707,075
23,157,840

7,816,920
2,190,514
13,459,413
23,466,847

7,449,277
2,124,208
10,984,716
20,558,201

30th June 2011

Group
N'000
4 Cash and balances with central banks
Cash & Short Term Funds
Operating with central banks
Included in cash and cash equivalents
Mandatory reserve deposits with central banks
Escrow balances with central banks

5 Due from other banks

Banks within Nigeria
Banks Outside Nigeria
Placements with banks and discount houses
Provisioin for doubtful balances

6 Loans and advances to customers

Overdrafts
Term loans
Commercial papers

General Provision
Specific Provision
Interest in suspense
Analysis by performance
Performing
Non-performing

31st Dec. 2010

Group
N'000

30th June 2011

Bank
N'000

31st Dec. 2010

Bank
N'000

11,410,104
16,911,117
28,321,220

9,433,800
14,795,632
24,229,432

7,661,504
16,280,270
23,941,774

7,859,065
6,528,485
14,387,550

3,535,586
31,856,806

3,376,768
27,606,200

23,941,774

3,376,768
17,764,318

6,499,208
25,021,804
67,248,664

18,647
24,441,867
42,354,554

25,021,804
65,900,264

19,377,042
42,232,108

98,769,676

66,815,068

90,922,068

61,609,150

116,131,865
252,932,054
369,063,919

76,728,580
262,793,426
393,511
339,915,517

116,131,865
236,115,651
352,247,516

99,870,391
235,988,074
335,858,465

(1,541,502)
(12,543,185)
(6,300,115)
348,679,118

(23,708,591)
(9,071,765)
307,135,161

(1,541,502)
(9,109,451)
(5,837,146)
335,759,417

(19,749,088)
(8,281,207)
307,828,170

328,469,530
40,594,389
369,063,919

288,793,843
51,121,674
339,915,517

314,579,788
37,667,729
352,247,516

289,252,958
46,605,507
335,858,465

DIAMOND BANK PLC

NOTES TO THE ACCOUNT (contd.)
30th June 2011
Group
N'000
7 Advances under finance lease
Investment
Less: Unearned Income
Net Investment
General Provision
Analysis by performance
Performing
Non-performing

8 Investment securities
Debt securities- at cost
listed
Unlisted
Equity securities- at cost
Listed
Unlisted
Provision for diminution in value

9 Investment in subsidiaries
Diamond Bank du Benin S.A
Diamond Pension Fund Custodian Limited
Diamond Mortgages Limited
ADIC Insurance Limited
Diamond Capital & Financial Mkts Ltd

31st Dec. 2010

Group
N'000

11 Borrowings
BOI Intervention Funds
Multilateral Finance Institutions

31st Dec. 2010

Bank
N'000

5,420,120
5,420,120

5,737,504
(666,225)
5,071,279

5,403,530
5,403,530

5,737,504
(666,225)
5,071,279

(58,191)
5,361,930

5,071,279

(58,191)
5,345,339

5,071,279

5,420,120

5,071,279

5,403,530

5,071,279

5,420,120

5,071,279

5,403,530

5,071,279

57,138,696
6,069,168

45,270,953
7,552,309

46,743,711
5,054,768

40,511,663
4,424,283

4,431,678
16,443,423

11,269,381
14,583,279

80,094
4,417,280

1,280,073
4,480,432

(3,886,898)
80,196,067

(5,184,290)
73,491,632

(70,169)
56,225,684

(1,167,938)
49,528,513

5,865,622
2,000,000
6,307,959
5,000,000

3,135,020
2,000,000
1,000,000
6,307,960
5,000,000

(5,000,000)
14,173,582

17,442,980

Provision For Subsidiary Investment

10 Customer deposits
Demand
Time
Savings

30th June 2011

Bank
N'000

245,103,155
106,858,425
112,844,964
464,806,545

203,871,527
110,468,884
97,691,507
412,031,918

227,459,982
93,501,333
104,751,675
425,712,990

189,025,468
98,270,906
91,436,632
378,733,006

16,124,858
11,002,134
27,126,992

15,373,750
12,907,261
28,281,011

16,124,858
11,002,134
27,126,992

15,373,750
12,907,261
28,281,011