Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» Sri Lanka Equity Market Talk
by Sstar Today at 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Today at 12:18 pm

» Sri Lanka Equity Market Place
by Sstar Today at 12:15 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 8:01 pm

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by Soilconomy Yesterday at 6:56 pm

» LOFC IN FOR A BIG RUN
by stockback Yesterday at 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Yesterday at 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Yesterday at 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Yesterday at 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Yesterday at 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

» EPF Enter Stock Market
by visvajith Sat May 18, 2019 12:20 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Soilconomy Sat May 18, 2019 8:54 am

» SEC yet to publish its 2017 Annual Report
by ChooBoy Sat May 18, 2019 6:01 am

» EAST Steady at 18
by Chanaka303 Fri May 17, 2019 10:20 pm

» Daily Stock Market Update
by Insights Equity Fri May 17, 2019 6:42 pm

» 20th MAY IS IT A HOLIDAY FOR CSE?
by Winner123 Fri May 17, 2019 1:33 pm

» Hight Profile Selling at EAST
by Miss-Sangeetha Fri May 17, 2019 12:12 pm

» East total Hotel deal value US $ 58 Mn there will be another Dividend, Nahil's family is smart
by karuna2 Fri May 17, 2019 6:48 am

» What is going on with TFC.N0000
by Gihan04 Thu May 16, 2019 11:58 pm

» emer???????????????????????
by roky@ Thu May 16, 2019 9:58 pm

» Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019
by hammurabi Thu May 16, 2019 8:05 pm

» LIOC upward curve
by hammurabi Thu May 16, 2019 7:42 pm

» Maithree pala siresenas next winning chance
by Uaecoindubai Thu May 16, 2019 5:10 pm

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by Uaecoindubai Thu May 16, 2019 5:05 pm

» Mahaweli coconut will be listed soon
by Uaecoindubai Thu May 16, 2019 4:57 pm

» BALA can come down to 9/-
by Uaecoindubai Thu May 16, 2019 1:08 pm

» Sri Lanka's tourist industry has debt and tax relief of up to two years????
by Uaecoindubai Thu May 16, 2019 1:08 pm

» BFN slowly slowly unloading
by Uaecoindubai Thu May 16, 2019 1:04 pm

» Dark times - Sampath Bank
by Uaecoindubai Thu May 16, 2019 12:55 pm

» Sampath Bank PLC Rights Issue of Shares @ Rs.136/- p.s
by Uaecoindubai Thu May 16, 2019 10:09 am

» Please DON'T SELL IN PANIC, BUY, ONLY A SMALL INCIDENT, IT'S COMPLETELY OVER!!!!!
by mark Wed May 15, 2019 11:39 pm

» ආස නැද්ද ඔබ?
by reyaz Wed May 15, 2019 3:59 pm

» Reasons for market to crash
by Maharaja Wed May 15, 2019 12:54 pm

» AIA INSURANCE DE-LISTING (CTCE)
by mark Wed May 15, 2019 12:45 pm

» Bitcoin reached 8K while ..
by Uaecoindubai Wed May 15, 2019 11:45 am

» HOW ABOUT MASK
by Namal Wed May 15, 2019 5:52 am

» Market will test 4700
by karuna2 Tue May 14, 2019 12:16 pm

» Garment Shares are the most demanding at this situation : No hotels / No poultry
by Trader321 Mon May 13, 2019 10:11 am

» Is Nimal Perera trying to push down East shares using Twitter to buy More at lower price to collect dividend?
by dmtmadusanka Sat May 11, 2019 10:05 pm

» remove the white flag as a forum picture
by samaritan Sat May 11, 2019 12:24 pm

» Buy GHLL.N0000 Galadhari Hotels
by Uaecoindubai Thu May 09, 2019 2:05 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » DFCC-NEWS & Reports

DFCC-NEWS & Reports

Go down  Message [Page 1 of 1]

1DFCC-NEWS & Reports Empty DFCC-NEWS & Reports on Fri Nov 02, 2018 6:51 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka's DFCC Bank Sep net up 90-pct

Nov 02, 2018 

Profits at Sri Lanka's listed DFCC Bank Plc rose 90 percent from a year earlier to 810.8 million rupees in the September 2018 quarter despite rising provisioning for bad loans on improving interest margins and a one-off gain from equity sales, interim accounts showed.

The banking group reported earnings of 3.06 rupees a share in the quarter. For the nine months to end September 2018, earnings were 9.54 rupees a share on a profit of 2.5 billion rupees, down 26 percent from a year earlier.

DFCC Bank closed 5 rupees higher at 97.60 rupees on Thursday.
In the September quarter, net interest income grew 18 percent from a year earlier to 3.5 billion rupees, as interest income rose 15 percent to 10 billion rupees and interest expenses increased 14 percent to 6.6 billion rupees.

Net interest income growth was achieved by expanding the loan book and re-pricing deposit liabilities, DFCC Bank said.
The bank reported an interest margin of 3.8 percent at end September, up from 3.6 percent nine months earlier.
Net fee and commission income grew 25 percent to 515.5 million rupees.

Net gains from financial instruments surged 359 percent to 2.2 billion rupees on account of gains from the sale of shares of listed Commercial Bank of Ceylon Plc, which was a one-off gain, DFCC Bank said.
The banking group reported a net operating loss of 2.2 billion rupees in the quarter, down from a profit of 445 million rupees a year earlier, due to a 3.8 billion foreign exchange loss in the period, deepening from a loss of 613 million rupees a year earlier.

Bad loans provisioning increased 2 percent from a year earlier to 490.3 million rupees. Non-performing loans were 3.26 percent of total loans, up from 2.77 percent nine months earlier.
The rise in non-performing loans was due to "adverse environmental conditions that prevailed during this time," Lakshman Silva, Chief Executive Officer at DFCC Bank told shareholders in a statement.
"However, recovery processes are being rigorously pursued to minimize any actual losses that may arise from such exposures," he said.
Operating expenses including personnel costs and investments in branch expansions rose 22 percent to 1.7 billion rupees, the banking group said.

DFCC Bank's loan book expanded 14 percent from nine months earlier to 243.4 billion rupees at end September 2018. Its deposit based grew a faster 19 percent to 230.4 billion rupees.

"The bank’s CASA ratio, which represents low cost deposits over the total deposits of the bank was 20.1 percent at end September 2018," Silva said.
"DFCC bank continues to enjoy medium to long term low cost borrowing lines that helped to reduce the funding cost. When these term borrowings are added to deposits, the ratio improved to 27.7 percent as at 30 September 2018," he said.
DFCC Bank's Tier 1 capital ratio was 10.36 percent at end September 2018, down from 13.093 percnt nine months earlier but higher than the regulatory minimum of 7.875 percent.
Total capital adequecy was 16.067 percent, higher than the regulatory minimum of 11.875 rupees, but lower than the 16.529 percent achieved nine months earlier. (COLOMBO, 02 November 2018)


https://economynext.com/Sri_Lanka_s_DFCC_Bank_Sep_net_up_90_pct-3-12447-17.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum