Nigeria's Diamond Bank sees 35 bln naira profit for 2013

LAGOS Tue Aug 6, 2013 12:11pm EDT

LAGOS Aug 6 (Reuters) - Nigeria's Diamond Bank said it expects to make a pretax profit of 35 billion naira ($219 mln) in 2013, up from 27.5 billion naira last year.

Chief Executive Alex Otti said the bank expects to make a 20 percent return on equity in 2013. He added that the lender was planning to conclude its $550 million eurobond, which has been held up due to turbulence in debt markets, by the end of the year.