Highlights

Group Based on SLFRS 9 Based on LKAS 39
LKR Mn Year ended
31 December
2020
Year ended
31 December
2019
Year ended
31 December
2018
Year ended
31 December
2017
Year ended
31 December
2016
Operating results
Total income 43,604 43,648 39,448 35,987 26,980
Profit before tax 3,944 3,308 4,676 5,891 4,674
Tax expense 1,097 1,008 1,606 1,458 1,205
Profit attributable to equity holders of the Bank 2,745 2,214 3,011 4,362 3,415
Statement of financial position
Assets
Cash and short-term funds 28,063 14,326 17,331 21,390 13,824
Loans to and receivables from banks
and other customers
306,062 272,818 249,690 213,704 185,872
Financial investments 120,932 108,171 100,580 91,707 84,675
Investments in associate and joint venture 2,481 2,096 1,989 1,684 1,443
Other assets 9,829 9,500 7,172 5,983 5,400
Total assets 467,367 406,911 376,762 334,468 291,214
Liabilities
Due to depositors 309,566 247,458 241,915 192,920 140,220
Due to other borrowers 97,406 102,910 82,589 84,578 97,224
Other liabilities 8,686 7,117 6,602 7,568 6,660
Total liabilities 415,658 357,485 331,106 285,066 244,104
Equity
Total equity attributable to equity holders of the Bank 51,426 49,163 45,398 49,125 46,850
Non-controlling interests 283 263 258 277 260
Total equity and liabilities 467,367 406,911 376,762 334,468 291,214
Return on equity, %* 6.16 5.32 7.70 12.08 10.3
Return on total assets, %* 0.91 0.59 0.88 1.47 1.4
Earnings per share, LKR 9.00 7.62 11.36 16.45 12.88
Net asset value per share, LKR 168.06 161.62 171.25 185.31 176.73
Capital adequacy
Core capital ratio, % 14.60
Total capital ratio, % 17.47
Common equity Tier I Capital ratio, % (Basel III) 10.82 11.33 10.89 13.09
Tier I capital ratio, % (Basel III) 10.82 11.33 10.89 13.09
Total capital ratio, % (Basel III) 15.75 15.78 16.17 16.53

* After eliminating fair value reserve.

 

Supporting customers in unprecedented times

  • Customers provided with relief during pandemic through concessions including temporary overdrafts, import and export loans, extensions on short-term loans, and permanent overdraft facilities
  • Mobile ATM service rolled out to several districts to enable customers to withdraw money and pay bills
  • Range of digital apps upgraded to facilitate cashless and contactless transactions including DFCC Virtual Wallet, DFCC Pay, and DFCC iConnect

Reach

  • The upgraded Kurunegala Branch and Pinnacle Centre were relocated
  • Customers have access to over 4,500 ATM’s across the country via the LankaPay ATM network
  • Contact Centre available to customers 24/7
  • Interactive DFCC Chatz chatbot assists customers via DFCC Bank website, Facebook, and Viber in English, Sinhala, and Tamil

Renewed approach to sustainability

  • A vision to be the leading bank contributing towards sustainability by 2030
  • New Sustainability Policy builds on DFCC Bank’s achievements in sustainability
  • Contributing towards a resilient Sri Lanka
  • Social and Environmental Management System (SEMS) ensures projects funded by the Bank meet required environmental and social regulations
  • Recognised for sustainability initiatives by ADFIAP Development Awards and Global Sustainable Finance Awards

The Bank for Everyone

  • New propositions designed around customers’ lifestyles
  • Salary Plus aimed at mass salaried customers
  • Salary Partner aimed at upper level of mass salaried customers
  • Pinnacle aimed at high-net-worth individuals

Awards and recognition

  • No.1 Cash Management Service Provider in Sri Lanka - Euromoney
  • Ranked 28th on Brand Finance Top 100 Most Valuable Brands 2020
  • Ranked 20th on Business Today’s Top 30 corporates in Sri Lanka 2019-2020
  • Ranked 29th among LMD’s Most Awarded 2019/20 and Hall of Fame (Top 50)
  • Most popular banking and finance website at BestWeb.lk competition
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