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We depend on our investors for future growth and expansion. Therefore, we work to maintain their trust and confidence. The Bank strives to consistently provide high returns to its stakeholders through sustainably earning optimum profits.
The Bank maintains regular communication with its investors, providing timely information on financial performance and progress. We value the trust placed on us by our investors, as this will assure us of being able to raise additional capital as and when required. Thus, we will be able to realise our targets for sustainable growth and expansion.
Shareholder Profile
The bank had 10,103 shareholders as at 31 December 2023, compared with 10,459 as at 31 December 2022, with a total of 421,948,655 shares in issue. Institutions account for 83.17 % of the Bank’s total share capital. 86.13% is held by local shareholders, both individual and institutional.
Share Information
DFCC Bank share price information, for the period 1 January 2023 to 31 December 2023.
| 2023 | 2022 | |
| Price indices | ||
| ASPI | 10,654 | 8,489.66 |
| S&P SL20 | 3,068 | 2,635.63 |
| Share price | ||
| Lowest price (LKR) | 28.6 | 31.00 |
| Highest price (LKR) | 95.5 | 63.70 |
| Closing price (LKR) | 79.6 | 32.00 |
| Market capitalisation | ||
| Value (LKR Mn) | 33,587 | 12,885 |
| Percentage of total market cap | 0.79 | 0.34 |
| Rank | 30 | 58 |
| Value of shares traded | ||
| Value (LKR Mn) | 5,299 | 599 |
| Percentage of total market turnover | 1.29 | 0.09 |
| Rank | 20 | 121 |
| Days traded | ||
| Number of days traded | 242 | 231 |
| Total number of market days | 242 | 231 |
Distribution of Shareholding
Categories of Shareholders
| As at 31 December | 2023 | 2022 | ||||
| Shareholding (%) | Foreign | Local | Total | Foreign | Local | Total |
| Individual | 8.54 | 8.29 | 16.83 | 6.49 | 13.61 | 20.10 |
| Institutional | 5.33 | 77.84 | 83.17 | 5.03 | 74.87 | 79.90 |
| Total | 13.87 | 86.13 | 100.00 | 11.52 | 88.48 | 100.00 |
Distribution of Shareholding by Size
| As at 31 December | 2023 | 2022 | ||||
| Share range | Number of shareholders | Total holding | % | Number of shareholders | Total holding | % |
| 1 – 1,000 | 5,920 | 1,437,085 | 0.35 | 6,343 | 1,807,299 | 0.45 |
| 1,001 – 10,000 | 3,462 | 9,397,310 | 2.23 | 3,458 | 9,557,980 | 2.38 |
| 10,001 – 100,000 | 608 | 17,319,332 | 4.10 | 558 | 14,372,961 | 3.58 |
| 100,001 – 1,000,000 | 84 | 21,457,390 | 5.08 | 74 | 19,317, 520 | 4.80 |
| Over 1,000,000 | 29 | 372,337,538 | 88.24 | 26 | 357,590,296 | 88.79 |
| 10,103 | 421,948,655 | 100.00 | 10,459 | 402,666,056 | 100.00 | |
Public Holding
| As at 31 December | 2023 | 2022 |
| Public holding % | 67.0 | 67.0 |
| Number of public shareholders | 10,086 | 10,443 |
| Float adjusted market capitalisation (LKR Mn) | 22,509 | 8,636 |
| Applicable option as per CSE listing 7.13.1 (i) (a) | Option 1 | Option 2 |
Twenty Major Shareholders of the Bank
| As at 31 December | 2023 | 2022* | ||
| Name of Shareholder/Company | Number of shares | % | Number of shares | % |
| 1. Hatton National Bank PLC A/C No. 1 | 52,629,168 | 12.47 | 50,224,072 | 12.47 |
| 2. Bank of Ceylon – No. 2 A/C (BOC PTF) | 44,141,353 | 10.46 | 42,124,141 | 10.46 |
| 3. Lolc Investment Holding Three (Private) Limited | 42,194,864 | 9.99 | 40,266,605 | 9.99 |
| 4. Mr M A Yaseen | 35,524,244 | 8.41 | 25,684,181 | 6.37 |
| 5. Sri Lanka Insurance Corporation Ltd. – Life Fund | 32,000,355 | 7.58 | 30,537,974 | 7.58 |
| 6. Employee’s Provident Fund | 28,277,617 | 6.70 | 26,985,361 | 6.70 |
| 7. Lolc Finance Plc/Don & Don Holdings (Pvt) Ltd. | 27,454,780 | 6.51 | – | – |
| 8. Melstacorp PLC | 25,973,794 | 6.15 | 24,786,820 | 6.15 |
| 9. Seafeld International Limited | 20,558,446 | 4.87 | 19,618,948 | 4.87 |
| 10. People’s Leasing & Finance Plc/ Don and Don Holdings (Private) Limited |
9,891,470 | 2.34 | 9,439,441 | 2.34 |
| 11. Renuka City Hotels PLC | 8,037,892 | 1.90 | 7,670,569 | 1.90 |
| 12. Renuka Hotels PLC | 4,726,698 | 1.12 | 4,510,693 | 1.12 |
| 13. Employees Trust Fund Board | 4,627,590 | 1.09 | 4,416,115 | 1.09 |
| 14. Seylan Bank PLC/ARRC Capital (Pvt) Ltd. | 4,316,969 | 1.02 | – | – |
| 15. Akbar Brothers (Pvt) Ltd. A/C NO 1 | 3,149,088 | 0.74 | 3,005,179 | 0.74 |
| 16. Anverally International (Pvt) Limited | 3,089,081 | 0.73 | 2,947,914 | 0.73 |
| 17. Cargo Boat Development Company PLC | 2,898,893 | 0.68 | 2,766,417 | 0.68 |
| 18. Don and Don Holdings Private Limited | 2,801,730 | 0.66 | 28,873,821 | 7.17 |
| 19. Mr G b d Tilakarathne | 2,750,000 | 0.65 | – | – |
| 20. Peoples Leasing & Finance Plc/Mrs M E Amarasinghe | 2,678,062 | 0.63 | – | – |
| Total of the 20 major shareholders | 357,722,094 | 84.69 | ||
| Other shareholders | 64,226,561 | 15.31 | ||
| Total | 421,948,655 | 100.00 | ||
* Shareholding as at 31 December 2022 of the twenty largest shareholders as at 31 December 2023
Return to Shareholders – Bank
| Description | 2023 | 2022 |
| Profit for the year (LKR Mn) | 7,220 | 2,513 |
| Return on total assets (%) | 1.82 | 0.46 |
| Net assets per share (LKR) | 160.54 | 125.96 |
| Earnings per share (LKR) | 17.27 | 6.75 |
| Dividend per share (LKR) | 5.00 | 2.00 |
Financial Returns
DFCC Bank tries to consistently provide high returns to its shareholders through earning optimum profits in a sustainable manner. The Directors approved a first and final dividend of LKR 5.00. per share by way of LKR 3.00 per share in cash and LKR 2.00 per share in the form of a Scrip Dividend for the year ended 31 December 2023.
| Bank's Dividend per share | LKR |
| 12 months ended December 2019 | 3.00 |
| 12 months ended December 2020 | 3.00 |
| 12 months ended December 2021 | 3.00 |
| 12 months ended December 2022 | 2.00 |
| 12 months ended December 2023 | 5.00 |
Dividends are based on growth in profits, while taking into consideration future cash requirements and the maintenance of prudent rations.