Highlights

Operational Highlights of the Year

Appointed as

Administrator Bank

for the EIB Sri Lanka SME and Green Energy Global Loan
  
Implemented a

Video Conferencing System

connecting the Head Office with all the Regional Managers’ offices and independent branches
Introduced

Direct Fund Transfers

to suppliers for services rendered through e-Banking facility of DFCC Vardhana Bank
  
Launched an

Anti-Money Laundering System

to automate the monitoring of suspicious transactions carried out over the DBB network
Upgraded the

Oracle Financials Payable Application

to the latest software platform
  
Deployed

Lanka Money Transfer (LMT)

that connects some of the largest exchange houses in the UAE and ties up with several local partner institutions to expedite fund transfers to beneficiaries
Introduced the

New Loan Origination

work flow system
  
DFCC Bank converted to

DFCC Bank PLC

as a company incorporated under the Companies Act No. 07 of 2007

 

 

Financial Highlights

Group

Year ended 31 March LKR million Based on current SLFRS Based on
previous
GAAP
2015
 2014 2013 2012 2011
Operating Results
Total income 20,094 20,376 16,630 12,231 15,371
Profit before tax 5,416 4,117 4,431 3,674 6,174
Tax expense 977 902 870 628 1,024
Profit attributable to equity holders of the Bank 4,362 3,151 3,494 2,966 5,090
Statement of Financial Position
Assets
Cash and short-term funds 6,855 8,043 11,625 5,054 19,067
Loans to and receivables from banks and other customers 138,887 117,716 102,477 87,827 58,310
Financial investments 56,699 40,976 27,648 24,433 6,533
Investment in associate and joint venture 1,188 1,029 901 950 876
Other assets 6,981 7,231 6,628 4,992 3,511
Total assets 210,610 174,995 149,279 123,256 88,297
Liabilities
Due to other customers 92,712 80,917 62,878 45,682 25,421
Other borrowing 65,874 50,075 46,012 42,492 33,752
Other liabilities 3,761 3,549 3,265 2,317 5,079
Equity
Total equity attributable to equity holders of the Bank 47,909 40,121 36,814 32,472 23,683
Non-controlling interests 354 333 310 293 362
Total equity and liabilities 210,610 174,995 149,279 123,256 88,297
Return on equity, %* 14.0 10.9 13.1 10.7 22.7
Return on total assets, %* 2.5 2.1 2.8 3.0 5.8
Earnings per share, LKR 16.46 11.89 13.18 11.19 19.20
Net asset value per share, LKR 180.72 151.34 138.87 122.49 89.34
Capital adequacy
Core capital ratio, % 17.71 18.71 20.84 21.05 28.02
Total capital ratio, % 16.62 17.19 19.37 19.88 26.89

*After eliminating fair value reserve