- Messages
- Profiles
- Business
Model - Management Discussion
and Analysis - 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 and Governance Committee
- Report of the Board Integrated Risk Management Committee
- Report of the Credit Approval Committee
- Report of the Related Party Transactions Review Committee
- Directors’ Statement on Internal Control
- Independent Assurance Report
- Investor
Relations - 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
- Statement of Cash Flows
- Notes to the Financial Statements
- Other Disclosures
- Supplementary
Information
Highlights
Financial Highlights
Group
| Based on current SLFRS | ||||||||||
| LKR million | Year ended 31 December 2017 | Year ended 31 December 2016 | Nine months ended 31 December 2015 | Year ended 31 March | ||||||
| 2015 | 2014 | |||||||||
| Operating Results | ||||||||||
| Total income | 35,987 | 26,980 | 17,503 | 20,094 | 20,376 | |||||
| Profit before tax | 5,891 | 4,674 | 2,553 | 5,416 | 4,117 | |||||
| Tax expense | 1,458 | 1,205 | 912 | 977 | 902 | |||||
| Profit attributable to equity holders of the Bank | 4,362 | 3,415 | 1,592 | 4,362 | 3,151 | |||||
| Statement of Financial Position | ||||||||||
| Assets | ||||||||||
| Cash and short-term funds | 21,390 | 13,824 | 9,870 | 9,471 | 10,913 | |||||
| Loans to and receivables from banks and other customers | 224,660 | 198,085 | 164,945 | 138,887 | 117,716 | |||||
| Financial investments | 80,374 | 72,461 | 66,861 | 56,699 | 40,976 | |||||
| Investments in associate and joint venture | 1,684 | 1,443 | 1,248 | 1,188 | 1,029 | |||||
| Other assets | 6,360 | 5,453 | 4,185 | 4,365 | 4,361 | |||||
| Total assets | 334,468 | 291,266 | 247,109 | 210,610 | 174,995 | |||||
| Liabilities | ||||||||||
| Due to other customers | 192,920 | 140,220 | 110,551 | 92,712 | 80,917 | |||||
| Other borrowing | 84,578 | 97,276 | 87,381 | 65,874 | 50,075 | |||||
| Other liabilities | 7,568 | 6,660 | 5,208 | 3,761 | 3,549 | |||||
| Equity | ||||||||||
| Total equity attributable to equity holders of the Bank | 49,125 | 46,850 | 43,716 | 47,909 | 40,121 | |||||
| Non-controlling interests | 277 | 260 | 253 | 354 | 333 | |||||
| Total equity and liabilities | 334,468 | 291,266 | 247,109 | 210,610 | 174,995 | |||||
| Return on equity, %* | 12.08 | 10.3 | 5.6 | 14.0 | 10.9 | |||||
| Return on total assets, %* | 1.47 | 1.4 | 0.8 | 2.5 | 2.1 | |||||
| Earnings per share, LKR | 16.45 | 12.88 | 6.01 | 16.46 | 11.89 | |||||
| Net asset value per share, LKR | 185.31 | 176.73 | 164.90 | 180.72 | 151.34 | |||||
| Capital adequacy** | ||||||||||
| Core capital ratio, % (Basel II) | – | 14.60 | 15.39 | 17.71 | 18.71 | |||||
| Total capital ratio, % (Basel II) | – | 17.47 | 15.32 | 16.62 | 17.19 | |||||
| Common equity tier I Capital ratio, % (Basel III) | 13.09 | – | – | – | – | |||||
| Tier I capital ratio, % (Basel III) | 13.09 | – | – | – | – | |||||
| Total capital ratio, % (Basel III) | 16.53 | – | – | – | – | |||||
* After eliminating fair value reserve.
** Reporting requirement for Capital Computation has been changed to Basel III with effect from 1 July 2017.
Operational Highlights
Enhancing DFCC Virtual Wallet
Breaking new ground in Sri Lanka’s banking industry, the DFCC Virtual Wallet is used by thousands of customers with over one thousand merchants. DFCC Chatz, an online chatbot, can be accessed via Facebook and provides instant feedback to customers and merchants. The Voice Command feature enables fund transfers, bill payments, and the ability to check account balances effortlessly.
Increasing Brand Visibility
The brand image/look and feel of a large number of branches were enhanced creating top of mind awareness for DFCC. The branches are situated at convenient locations island-wide, providing customers with an unmatched service.
Contributing towards a Sustainable Future
DFCC financed 18 renewable energy-based power generation projects with the capacity to generate 57 MW, with 16 projects operational by the end of 2017.
Embracing Technology to Drive Businesses
DFCC iConnect is an online portal built for DFCC Bank’s Corporate, Business Banking and SME clients to carry out their daily transactions. It gives them the flexibility to access their portfolios at the click of a button.
Moving Towards a Sustainable Environment
Over seven thousand trees were planted across the country through eleven tree planting campaigns in Aranayake, Athurugiriya, Batticaloa, Beddagana, Bellanwila, Colombo, Jaffna, Kaduwela, Kahathuduwa and Thalawila.
Formulating Objective-Oriented Planning Strategy
DFCC’s short term-three year plan (2018 to 2020) was formulated based on international best practices in line with the Bank’s vision.
Receiving Global Recognition for Sustainable Initiatives
DFCC was honoured for “Outstanding Business Sustainability Achievement” at the Karlsruhe Sustainable Finance Awards. This Award honours financial institutions and organisations that have made significant contributions to the field of sustainable finance.
Launching DFCC Premier Go
DFCC’s new “Premier Go” app was launched to empower Premier customers with the ability to view account balances, schedule appointments, keep track of their finances, get updated on current promotions and offers and connect to their dedicated Relationship Manager via video call anywhere in the world.