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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
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    • GRI Index
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    • Financial Capital
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  • 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
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    • 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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