DTB Opens Unit to Serve Chinese Enterprises in East Africa

DTB will offer a wide range of products to cater to the needs of the market including direct RMB remittances from Kenyan Shilling, RMB-based trade products.

DTB Group CEO and Managing Director Nasim Devji

Diamond Trust Bank (DTB) has partnered with Habib Bank Limited (HBL) to unveil the China Coverage Department to cater to Chinese enterprises operating within the East African Market. 

DTB will offer a wide range of products to cater to the needs of the market including direct RMB remittances from Kenyan Shilling, RMB-based trade products. 

“Through our connection to HBL, we have opened doors between East Africa and China. DTB will support the financial needs of Chinese businesses by facilitating direct remittances to and from East Africa,” said Nassim Devji, DTB Group CEO & Managing Director.

“HBL  is the only bank with a presence in both Eastern and Western regions of China with a Chinese staff base. DTB is our partner and through them, our customers are able to transact between East Africa and China,” said Sultan Allana, HBL chairman.

HBL is the largest bank in Pakistan, with China as its second home market, and has operations in over 14 countries across two continents.

“China is one of Kenya’s biggest trading partners and we are proud to play our role in unlocking the growth opportunities between these two nations. We welcome all Chinese enterprises and nationals to visit our vast network of DTB branches across East Africa for a variety of banking solutions, including direct funds transfer to China and other international destinations,” DTB Kenya Chairman Linus Gitahi.