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MarketScreener Homepage  >  Equities  >  Colombo Stock Exchange  >  DFCC Bank PLC    DFCC.N0000   LK0055N00000

DFCC BANK PLC

(DFCC.N0000)
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DFCC Bank : hosts 64th AGM and EGM virtually in alignment with digital transformation goal

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06/26/2020 | 08:57am EDT

The Bank for Everyone, DFCC Bank, hosted its 64th Annual General Meeting (AGM) and Extra Ordinary General Meeting (EGM) on 24 June seamlessly on a virtual platform, aligned to the Bank's goal of being the most customer-centric and digitally enabled bank by 2025.

The AGM and EGM was hosted from the DFCC Bank Head Office Auditorium with shareholders connecting virtually through Zoom in adherence to the Government protocol and health guidelines to prevent the spread of COVID-19.

The virtual AGM and EGM facilitated shareholders to interact with the proceedings and vote remotely online which delivered instant results with secure access and tracked delivery whilst maintaining complete confidentiality.

Expressing his views, DFCC Bank CEO Lakshman Silva stated, 'We are proud to be the only bank that has transformed seamlessly from being a development bank to now functioning as a full service commercial bank. Our strong foundation, stability and the expertise of the senior management have aided us to work towards technological transformation whilst developing deeper relationships with all stakeholders. We believe that DFCC has also adjusted well to the new normal in banking, gaining trust and confidence by all our stakeholders because of our undeterred services and constant evolution.'

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2019 12 476 M 67,4 M 67,4 M
Net income 2019 2 214 M 12,0 M 12,0 M
Net Debt 2019 37 043 M 200 M 200 M
P/E ratio 2019 12,1x
Yield 2019 2,72%
Capitalization 21 879 M 118 M 118 M
EV / Sales 2018 3,37x
EV / Sales 2019 5,21x
Nbr of Employees 2 227
Free-Float 87,1%
Chart DFCC BANK PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 78,00 LKR
Last Close Price 71,50 LKR
Spread / Highest target 9,09%
Spread / Average Target 9,09%
Spread / Lowest Target 9,09%
Managers
NameTitle
Lakshman H. A. L. Silva Chief Executive Officer & Executive Officer
Jegatheesan Durairatnam Chairman
Achintha Hewanayake Chief Operating Officer
Chinthika Amarasekara Chief Financial Officer & Vice President
Nishan Weerasooriya Vice President & Head-Information Technology
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