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

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

» How Selvanthan's control Beer Industry in Sri Lanka
by hammurabi Today at 4:44 pm

» Copreus (Pvt) Ltd - Need some Information
by Miss-Sangeetha Today at 3:09 pm

» 8 Finance companaies to be closed very soon
by wisdom79 Today at 7:36 am

» Why AAIC Should trade above RS.50/-
by wisdom79 Today at 7:25 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by samaritan Yesterday at 4:04 pm

» Head and Shoulders Top
by freeforexsignals2020 Yesterday at 8:49 am

» UNION BANK (UBC) to be takeover by Union bank of india
by aklt Yesterday at 1:20 am

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Fri May 24, 2019 7:42 pm

» Pakistan’s trade with Sri Lanka comes to a halt
by soileconomy Fri May 24, 2019 7:35 pm

» Daily Stock Market Update
by Teller Fri May 24, 2019 7:18 pm

» Market will test 4700
by karuna2 Fri May 24, 2019 12:25 pm

» Keep eye on Politics
by samaritan Fri May 24, 2019 11:49 am

» CSE from Dawn of Peace to Rebirth of Terrorism
by Yahapalanaya Fri May 24, 2019 9:59 am

» EAST Steady at 18
by mark Fri May 24, 2019 9:25 am

» New Support Level 5300
by hammurabi Thu May 23, 2019 8:47 pm

» LIOC upward curve
by karuna2 Thu May 23, 2019 5:57 pm

» SEC yet to publish its 2017 Annual Report
by Teller Thu May 23, 2019 5:10 pm

» HNB Assurance March net down 83-pct
by Teller Thu May 23, 2019 1:18 pm

» PABC net down 13-pct in March; loans contract
by Teller Thu May 23, 2019 1:15 pm

» Indian stocks jumped to record highs
by Teller Thu May 23, 2019 1:13 pm

» modi wins-India to no1 in the world
by Teller Thu May 23, 2019 1:07 pm

» Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19
by Teller Thu May 23, 2019 1:02 pm

» undervalued stock
by Teller Thu May 23, 2019 1:00 pm

» CIND , 10% guaranteed return
by Teller Thu May 23, 2019 12:57 pm

» INVITATION TO FORUM MODERATORS
by Agape Thu May 23, 2019 8:52 am

» Reputation???
by Uaecoindubai Wed May 22, 2019 7:12 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Wed May 22, 2019 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Wed May 22, 2019 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Wed May 22, 2019 11:15 am

» when bank lending rates put down ?
by nuwanmja Wed May 22, 2019 11:01 am

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» High Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 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