Diamond Bank Plc has dismissed a report by online medium, Sahara Reporters, suggesting that the bank is distressed.
Describing the story as “false and malicious”, the bank in a statement signed by the Head, Corporate Communications Division, Mrs. Ayona Trimnell, debunked the report, insisting that it is healthy and meeting its financial obligations as required by the regulatory body.
“Our attention has been drawn to a malicious story published by Sahara Reporters alleging that Diamond Bank Plc is one of nine commercial banks that have demonstrated a level of distress that requires they recapitalize to avert the banks possibly falling into distress.
“Our customers, stakeholders and indeed the general public should please disregard the said report and be informed that the story is false, baseless, mischievous and attention seeking. Diamond Bank’s Q3 2015 result approved by the Central Bank of Nigeria (CBN) and the Nigerian Stock Exchange (NSE) show capital adequacy ratio of 18%, which is 3% higher than CBN’s minimum requirement,” the statement said.
