Why Diamond Bank will not release its result for now

Diamond Bank has also joined the league of companies who have failed to released their results. The company has issued a statement to its shareholders that:

Diamond Bank Plc is unable to release its 2016 audited financial statements by March 31, 2017 as required of Us by NSE rules.

“We have been notified that due to the stage of review of our accounts by the Central Bank of Nigeria (CBN), it is unlikely that this will be concluded in time for us to comply with the NSE and other regulatory rules guiding release of annual audited accounts”.

“We have therefore sought the approval of the NSE and the Securities and Exchange Commission(SEC) for a delayed release. We are however optimistic that the accounts will be made available on or before April 30, 2017,” the statement said

Diamond Bank is one of the tier 2 banks in Nigeria.

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