By Dipo Olowookere
The 2017 Annual General Meeting (AGM) of Diamond Bank Plc will take place on Tuesday, June 12, 2018, the company has confirmed.
In a notice to the Nigerian Stock Exchange (NSE) on Thursday, the lender said the event will hold at the Ibom Hotel & Golf Resort, Nwaniba Road, Uyo, Akwa Ibom State by 10am.
At the meeting, shareholders will discuss the firm’s 2017 financial statements, which fell short of expectations.
However, the shareholders will have no business considering approval of cash dividend payment for the period ended December 2017.
This is because Diamond Bank’s board of directors did not propose payment of dividend to shareholders of the company.
It is most likely that shareholders will make their views known on the inability of the lender to reward them for some years now.
Last year, the company declared a loss before tax of N11.6 billion compared with the profit before tax of N3.4 billion it achieved two years ago.
Also, Diamond Bank said it had loss after tax of N9 billion during the period under review against the profit after tax of N3.5 billion in 2016.
Business Post reports that these losses occurred amid the 3 percent growth recorded in the gross earnings of the lender.
As at December 31, 2017, Diamond Bank’s gross earnings stood at N189.6 billion in contrast to N184.1 billion as at December 31, 2016.
Modupe Gbadeyanka 
Aduragbemi Omiyale