dfcc2014-15.annualreports.lk
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Messages and
Profiles
Message from the Chairman
Chief Executive’s Review
Board of Directors
Corporate Management
Management Team
Business
Model
Group Structure
Our Portfolio
Operating Environment
Strategic Direction
Stakeholders
Materiality
GRI Index
Management
Discussion and
Analysis
Financial Capital
Institutional Capital
Investor Capital
Customer Capital
Employee Capital
Business Partner Capital
Social and Environmental Capital
Stewardship
Integrated Risk Management
Corporate Governance
Annual Report of the Board of Directors on the Affairs of the Bank
Report of the Audit Committee
Report of the Human Resources and Remuneration Committee
Report of the Nomination Committee
Report of the Board Integrated Risk Management Committee
Directors’ Statement on Internal Control
Independent Assurance Report
Investor
Relations
Investor Engagement
Performance of the Share
Distribution of Shareholding
Financial
Reports
Financial Calendar
Statement of Directors’ Responsibilities in Relation to Financial Statements
Chief Executive’s and Chief Financial Officer’s Statement of Responsibility
Independent Auditors’ Report
Income Statement
Statement of Profit or Loss and Other Comprehensive Income
Statement of Financial Position
Statement of Changes in Equity
Cash Flow Statement
Notes to the Financial Statements
Other Disclosures
Supplementary
Information
DBB Consolidated Financials
Value Added Statement
Sources of Distribution of Income
Ten Year Summary
A Pioneer’s
Journey
1955
OCTOBER
DFCC founded by Act No. 35 of 1955
1956
MAY
Commenced operations with LKR 8 million share capital
1958
FEBRUARY
DFCC Act amended by Act No. 8 of 1958
1967
MARCH
DFCC Act amended by Act No. 1 of 1967
1974
APRIL
DFCC Act amended by Act No. 12 of 1974
1977
JANUARY
Increased paid-up capital to LKR 16 million
MARCH
ADFIAP formed with DFCC as a founder member
1979
NOVEMBER
Increased paid-up capital to LKR 24 million
1982
DECEMBER
DFCC Act amended by Act No. 42 of 1982
1983
JANUARY
Bonus issue of 1 for 4 increased paid-up capital to LKR 30 million
FEBRUARY
Increased paid-up capital to LKR 60 million
MARCH
Increased paid-up capital to LKR 100 million
1984
SEPTEMBER
Finance leasing introduced
1985
JANUARY
Medium-term working capital financing
SEPTEMBER
Insurance agency business
1986
MAY
Head Office building opened
1988
AUGUST
First branch opened in Kandy
1989
NOVEMBER
Short-term working capital financing
1991
AUGUST
Bonus issue of 1 for 3 increased paid-up capital to LKR 133 million
OCTOBER
Public issue at 5 times par increased number of shareholders from 826 to 12,320 and paid-up share capital to LKR 170 million
DECEMBER
NAMAL founded
1992
FEBRUARY
Lanka Ventures Limited (LVL) founded
MARCH
Lanka Industrial Estates Limited founded
MARCH
Achieved highest PAT among all listed companies
1993
APRIL
ADFIAP Annual Sessions hosted
JUNE
DFCC Act amended by Act No. 25 of 1993 for share split
AUGUST
Reached No. 1 position in market capitalisation
OCTOBER
Rights issue of 1 for 3 at par increased paid-up capital to LKR 226.7 million
1995
JUNE
Bonus issue of 1 for 3 increased paid-up capital to LKR 302.2 million
JULY
Asia Money ranks DFCC as the Best Managed Company in Sri Lanka
1996
APRIL
DMG and DFCC Sign Telecom Mandate with GOSL
APRIL
Fixed Deposit mobilisation
APRIL
Commissioning of Sri Lanka’s first BOO power project, financed by DFCC
1997
JULY
Appointed Administrative Unit of World Bank-funded Energy Services Delivery Project
AUGUST
DFCC Act amended by Act No. 23 of 1997
SEPTEMBER
Acquired 29.8% stake in Commercial Bank of Ceylon
1998
APRIL
Bonus issue of 1 for 6 increased paid-up capital to LKR 352.6 million
DECEMBER
FRN of USD 65 million guaranteed by ADB
DECEMBER
Lead arranged the largest Sri Lanka rupee syndicated loan for Sri Lanka Telecom
1999
OCTOBER
Asia Money Ranks DFCC as the Best Managed Company of the Decade
2000
MARCH
Structured and managed Sri Lanka’s first rated debenture issue for Sri Lanka Telecom
2001
JANUARY
DFCC acquired ABN AMRO Securities (Pvt) Limited, renamed as DFCC Stock Brokers (Pvt) Limited
APRIL
Bonus issue of 1 for 5 increased paid-up capital to LKR 423.1 million
2002
JULY
Appointed Administrative Unit of World Bank-funded Renewable Energy for Rural Economic Development Project
NOVEMBER
Managed the IPO of Sri Lanka Telecom; the largest offering on CSE
DECEMBER
Fitch Ratings Lanka Limited assigned “SLAA” National Rating for implied long-term unsecured senior debt of DFCC Bank
2003
AUGUST
Acquired 94.16% of MERC Bank
OCTOBER
MERC Bank renamed DFCC Vardhana Bank
2004
FEBRUARY
Bonus issue of 1 for 3 increased paid up capital to LKR 565.9 million
SEPTEMBER
DFCC Consulting founded
SEPTEMBER
AA Rating affirmed
2006
MAY
Hosted ADFIAP Annual Sessions
JULY
Bonus issue of 1 for 2 increased paid-up capital to LKR 863.9 million
JULY
Issue of debentures to the value of LKR 2 billion enhanced regulatory capital
2007
JUNE
Rights issue 1 for 4 and bonus issue of 1 for 5 increased paid-up capital to LKR 1,302 million
SEPTEMBER
AA(lka) Fitch Rating affirmed
2008
JULY
Acuity Partners (Pvt) Limited commenced commercial operations
OCTOBER
AA(lka) Fitch Rating affirmed
2009
SEPTEMBER
AA(lka) Fitch Rating affirmed
2010
JANUARY
Divested LVL shares to Acuity Partners (Pvt) Limited
JUNE
Commercial Bank of Ceylon ceased to be an Associate Company
SEPTEMBER
AA(lka) Fitch Rating affirmed
NOVEMBER
Bonus issue of 1 for 1 increased paid-up capital to LKR 2,648 million
2011
JUNE
Shareholding in DFCC Vardhana Bank increased to 99.1%
SEPTEMBER
AA(lka) Fitch Rating affirmed
2013
MARCH
Concluded an international loan syndication for USD 45 million
SEPTEMBER
Fitch Rating Lanka rated DFCC Bank AA- (lka)
OCTOBER
DFCC Bank executes USD 100 million international notes issue
OCTOBER
DFCC Bank Annual Report won Grand Award for “Best of Sri Lanka” at 27th International ARC Awards, USA
2014
APRIL
Appointed by GOSL to administer the EUR 90 million credit line from the European Investment Bank
AUGUST
DFCC Bank's landmark issue of LKR 5 billion in senior, unsecured, redeemable rated debentures. First debenture to be issued to market bearing a single digit coupon rate
2015
JANUARY
DFCC Bank converted to DFCC Bank PLC as a company incorporated under the Companies Act No. 07 of 2007
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