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» Obituary Notice.
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DFCC.N0000 ( DFCC BANK PLC )

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DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Mon Apr 04, 2016 10:44 am

Among the licensed commercial banks DFCC seems to be a risk adverser or very careful in granting.



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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Mon Apr 04, 2016 10:48 am

Dividends are slowly growing for DFCC shareholders and a special gift of a table clock was delivered this time .

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Mon Apr 04, 2016 10:56 am

Even though DFCC is a commercial bank it lies in par with PLC.N regarding Revenue.

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and PAT

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 7:31 am

2018

Revenue and PAT of the bank.

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 7:38 am

If we compare the performance of Sampath Bank and DFCC we can see the clear difference between the strategies. 2018 was a tough year. Drought, Floods, Political uncertainties, Rising USD or drastic depreciation of Rupee affected badly.

Sampath Bank grew aggressively amidst all the challenges and DFCC shrunk being very conservative.



The Board considered it prudent to be somewhat conservative in our outlook and lend judiciously rather than grow aggressively.

Chariman's message- Annual Report 2018


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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 8:16 am

Shareholders are much worried about the decline of PAT  37% on YoY basis.

The justification of the drop.

 1. 2017 PAT includes an exceptional gain of LKR 917 Mn by selling of shares.

2.  2018 PAT includes fair value provision of LKR 871 Mn and LKR 231 Million in Debt Repayment Levey.

This debt repayment levy would wipe off some part of shareholders, specially dividend hunters interest from the banking sector.

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 8:22 am

Directors have approved a dividend of 3.50 which is 35% of distributable profit.

This is in line with the Dividend payout of SAMP as well.

The contradicting view similarly to SAMP here as well.

Shareholders will appreciate the need to build up capital while ensuring shareholders get a fair return.

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 9:25 am

DFCC has declared a rights issue, 2:5 at 72. When market is bombed by Rights DFCC justifies its call.

Unlike most of our peers, we are making this call after 12 years.


Rights issue has given a good opportunity when considering Net Assets per Share.

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by yellow knife on Wed Mar 13, 2019 9:50 am

Capital adequacy which persuade banks to call for Rights issues.

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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by nihal123 on Wed Mar 13, 2019 10:19 am

Thanks YK
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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by PANTOMATH on Wed Mar 13, 2019 6:20 pm

Thank you YK for banks updates.
Banks have given a good chance for patient investors.
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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by Ethical Trader on Wed Mar 13, 2019 6:39 pm

Thanks YK.
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Re: DFCC.N0000 ( DFCC BANK PLC )

Post by serene on Wed Mar 13, 2019 6:44 pm

Thanks YK for invaluable information.

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