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    DFCC.N0000   LK0055N00000

DFCC BANK PLC

(DFCC.N0000)
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DFCC Bank : Ranwarama Pawning facility lends a helping hand to those with urgent cash requirements

09/29/2021 | 03:42am EST

DFCC Bank has increased the advances of its "DFCC Ranwarama" Pawning Facility as a solution for families to meet their urgent cash requirements as many families are experiencing financial difficulties due to the COVID-19 outbreak that has had a significant impact on the Sri Lankan economy.

Through this scheme, all Sri Lankan citizens over 18 years of age with the contractual capacity to declare themselves as owners of the articles can now pawn gold or gold jewellery. DFCC Bank accepts jewellery made of 18 Karat -24 Karat gold, with the articles being assayed using the latest available equipment. Items of 24 Karate will hold an advanced value of LKR 82,000/-, while 22 Karat pieces will hold an advanced value of LKR 68,000/- at an interest rate of 0.75% per month. Those who engage in these transactions are provided a maximum of 12 months to settle the pawning advances at their convenience.

DFCC Bank's Ranwarama Pawning Facility offers many other special features including the highest advance amount at competitive rates of interest, confidentiality and guaranteed security for the articles, flexible payment plans with redemption options when required and redemption without prior notification. All of these facilities are available with no hidden charges, offering customers the best service available in the market.

You may visit a DFCC Bank branch closest to you to transact or visit the Bank's website at www.dfcc.lk for further information. Customers can also contact DFCC Bank's 24-hour contact center on +94(11)2350000 for further inquiries.

About DFCC Bank

DFCC Bank is a full-service Commercial Bank with a legacy of 65 years as one of Sri Lanka's foremost financial conglomerates that offer a range of commercial and development banking services. The Bank won the awards for Most Trusted Retail Banking Brand and Best Customer Service Banking Brand in Sri Lanka, 2021 from the prestigious Global Brands Magazine, UK and was ranked amongst Business Today's Top 30 Corporates in Sri Lanka. DFCC Bank is rated [SL] AA- Stable by ICRA Lanka Limited and A+ (lka) Stable by Fitch Ratings Lanka Limited.

Disclaimer

DFCC Bank plc published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:41:04 UTC.


ę Publicnow 2021
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Financials
Sales 2020 12 092 M 59,9 M 59,9 M
Net income 2020 2 745 M 13,6 M 13,6 M
Net Debt 2020 70 248 M 348 M 348 M
P/E ratio 2020 7,26x
Yield 2020 -
Capitalization 19 007 M 93,7 M 94,1 M
EV / Sales 2019 9,71x
EV / Sales 2020 7,46x
Nbr of Employees 2 300
Free-Float 87,1%
Chart DFCC BANK PLC
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 59,30 LKR
Average target price 78,40 LKR
Spread / Average Target 32,2%
Managers and Directors
Lakshman H. A. L. Silva Chief Executive Officer & Executive Officer
Chinthika Amarasekara Chief Financial Officer & Vice President
Jegatheesan Durairatnam Chairman
Nishan Weerasooriya Vice President & Head-Information Technology
Rohitha Ganegoda Chief Information Officer & Senior Vice President