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    DFCC.N0000   LK0055N00000

DFCC BANK PLC

(DFCC.N0000)
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DFCC Bank : partners with Quickmed.lk to facilitate financial benefits for credit cardholders

09/30/2021 | 03:32am EST

DFCC Bank, the pioneer in commercial banking, has announced its partnership with Quickmed.lk to ensure greater accessibility and affordability, with regard to the services offered by the health and wellness pharmacy, for all DFCC Credit Cardholders.

DFCC Bank will now provide a 0%, 12-month Easy Payment Plan for all healthcare transactions through the online pharmacy that are above Rs. 6,500 and are initiated by the 30thof September 2021. DFCC Cardholders will also benefit from an exclusive 15% discount on their total bill, with a 1% CashBack on all products purchased at Quickmed.lk, allowing them to save with every swipe. The Bank has decided to support this initiative by waiving both the credit card joining fee and the first year annual fee for new cards obtained until the 30thof September 2021and a DFCC Credit Card can be applied for online through the Banks website.

Quickmed.lk, one of the leading health & wellness online pharmacies in Sri Lanka, delivers all healthcare needs safely and soundly to customers doorsteps.The pharmacy is one of the few that supports island-wide delivery and is optimized to allow customers to conveniently satisfy their health and wellness needs from the safety of their homes, reducing the risk of exposure while ensuring customer satisfaction and convenience.

The prime objective of the partnership is to reduce the financial burden cardholders face when purchasing premium, high-quality wellness products. The newly introduced schemes increase the affordability of such, allowing cardholders to obtain products that secure their health and wellbeing, while more easily managing their cash flows. DFCC Bank cardholders can avail themselves of these benefits by visiting the online Quickmedi.lk store, to purchase their products of choice.

Commenting on the new partnership, Vice President/Head of Card Centre of DFCC Bank, Denver Lewis, stated, "We are happy to announce our new partnership with Quickmed.lk, which brings a multitude of benefits for all DFCC Bank credit cardholders. This enables cardholders to secure their health and safety through the purchase of premium wellness products, at reduced costs, and eases their financial burden when doing so. Promoting affordability is a key value that drives our activities as a premier commercial bank. The easy payment and cashback schemes introduced through this partnership are yet another indication of our commitment to continuously add value through innovative and impactful financial solutions."

Adding his thoughts, Quickmed.lk CEO, Sujeewa Samaraweera, commented, "Our new partnership with DFCC Bank allows us to more effectively deliver the best possible healthcare solutions to all of society. The partnership enables us to achieve our goal of ensuring all customers have access to more affordable health and wellness products of their choice, all from the safety of their homes. With the current economic conditions due to the ongoing pandemic, the affordability and financial inclusivity brought about by the partnership stands to benefit all parts of society during these testing times."

DFCC Bank once again strives to build partnerships that ensure constant value-additions for all stakeholders with this partnership marking the next step of its long-term value creation journey.

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 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 07:31:06 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 19 584 M 96,8 M 97,0 M
EV / Sales 2019 9,71x
EV / Sales 2020 7,46x
Nbr of Employees 2 300
Free-Float 87,1%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 61,10 LKR
Average target price 78,40 LKR
Spread / Average Target 28,3%
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