Investors are key stakeholders in the Bank’s value creation process. Among the core objectives of the Bank is to optimise investors’ returns by providing sustainable, long-term yields.
The Bank engages with its investors on a regular basis by providing up to date information on its financial performance and progress. The trust placed in the Bank by our investors provides inspiration to seek out more avenues for growth, and build on the current progress in achieving pre-determined goals.
Shareholder Profile
The Bank had 10,459 shareholders on 31 December 2022 (corresponding to a figure of 10,595 as at 31 December 2021), with 402,666,056 shares in issue. Institutions make up approximately 79.9% of the Bank’s share capital. 88.5% is held by local shareholders, both institutional and individual.
Share Information
DFCC Bank share price information for the period 1 January 2022 – 31 December 2022.
| 2022 | 2021 | |
| Price Indices | ||
| ASPI | 8,489.66 | 12,226.01 |
| S&P SL20 | 2,635.63 | 4,233.25 |
| Share Price | ||
| Lowest Price (LKR) | 31.00 | 56.30 |
| Highest Price (LKR) | 65.00 | 80.40 |
| Closing Price (LKR) | 32.00 | 60.00 |
| Market Capitalisation | ||
| Value (LKR Mn) | 12,885 | 19,231 |
| Percentage of total market cap | 0.34 | 0.35 |
| Rank | 58 | 56 |
| Value of Shares Traded | ||
| Value (LKR Mn) | 599 | 2,404 |
| Percentage of total market turnover | 0.09 | 0.21 |
| Rank | 121 | 71 |
| Days Traded | ||
| Number of days traded | 231 | 240 |
| Total number of market days | 231 | 240 |
| Percentage of market days traded | 100 | 100 |
| Frequency of Shares Traded | ||
| Number of transactions | 7,486 | 25,111 |
| Percentage of total frequency | 0.12 | 0.32 |
| Rank | 150 | 76 |
Distribution of Shareholding
Categories of Shareholders
| As at 31 December | 2022 | 2021 | ||||
| Shareholding (%) | Foreign | Local | Total | Foreign | Local | Total |
| Individual | 6.49 | 13.61 | 20.10 | 10.10 | 13.34 | 23.44 |
| Institutional | 5.03 | 74.87 | 79.90 | 5.94 | 70.62 | 76.56 |
| 11,52 | 88.48 | 100.00 | 16.04 | 83.96 | 100.00 | |
Distribution of Shareholding by Size
| As at 31 December | 2022 | 2021 | ||||
| Share range | Number of shareholders | Total holding | % | Number of shareholders | Total holding | % |
| 1 – 1,000 | 6,343 | 1,807,299 | 0.45 | 6,399 | 1,783,326 | 0.55 |
| 1,001 – 10,000 | 3,458 | 9,577,980 | 2.38 | 3,513 | 9,577,349 | 2.98 |
| 10,001 – 100,000 | 558 | 14,372,961 | 3.58 | 577 | 15,025,500 | 4.68 |
| 100,001 – 1,000,000 | 74 | 19,317,520 | 4.80 | 83 | 20,349,933 | 6.36 |
| Over 1,000,000 | 26 | 357,590,296 | 88.79 | 23 | 273,786,328 | 85.43 |
| 10,459 | 402,666,056 | 100.00 | 10,595 | 320,522,436 | 100.00 | |
Public Holding
| As at 31 December | 2022 | 2021 |
| Public holding percentage (%) | 67.0 | 62.5 |
| Number of public shareholders | 10,443 | 10,579 |
| Float adjusted market capitalisation (LKR Mn) | 8,636 | 12,024 |
| Applicable option as per CSE Listing Rule 7.14.1 (i) (a) | Option 2 | Option 1 |
Twenty Major Shareholders of the Bank
| As at 31 December | 2022 | 2021* | |||
| Name of Shareholder/Company | Number of shares | % | Number of shares | % | |
| 1. | Hatton National Bank PLC A/c No. 1 | 50,224,072 | 12.47 | 47,789,949 | 14.91 |
| 2. | Bank of Ceylon No. 2 A/c | 42,124,141 | 10.46 | 40,082,584 | 12.50 |
| 3. | LOLC Investment Holding Three (Pvt) Ltd. | 40,266,605 | 9.99 | – | – |
| 4. | Sri Lanka Insurance Corporation Ltd. – Life Fund | 30,537,974 | 7.58 | 29,057,943 | 9.06 |
| 5. | Don and Don Holdings (Pvt) Ltd. | 28,873,821 | 7.17 | 671,072 | 0.20 |
| 6. | Employees Provident Fund | 26,985,361 | 6.70 | 25,677,509 | 8.01 |
| 7. | Mr M A Yaseen | 25,684,181 | 6.37 | 24,233,819 | 7.56 |
| 8. | Melstacorp PLC | 24,786,820 | 6.15 | 23,585,521 | 7.35 |
| 9. | Seafeld International Limited | 19,618,948 | 4.87 | 18,668,111 | 5.82 |
| 10. | Mr H H Abdulhusein | 10,110,000 | 2.51 | 9,530,000 | 2.97 |
| 11. | People’s Leasing & Finance PLC/Don & Don Holdings (Pvt) Ltd. | 9,439,441 | 2.34 | 8,981,956 | 2.80 |
| 12. | Commercial Bank of Ceylon PLC/M A Yaseen | 8,216,644 | 2.04 | 7,818,423 | 2.43 |
| 13. | Renuka City Hotels PLC | 7,670,569 | 1.90 | 7,298,813 | 2.27 |
| 14. | Renuka Hotels PLC | 4,510,693 | 1.12 | 4,292,082 | 1.33 |
| 15. | Employees Trust Fund Board | 4,416,115 | 1.09 | 4,202,087 | 1.31 |
| 16. | Seylan Bank PLC/Senthilverl Holdings (Pvt) Ltd | 3,547,601 | 0.88 | 3,320,080 | 1.03 |
| 17. | Akbar Brothers (Pvt) Ltd. A/c No. 1 | 3,005,179 | 0.74 | 2,844,533 | 0.88 |
| 18. | Anverally International (Pvt) Ltd. | 2,947,914 | 0.73 | 2,582,161 | 0.80 |
| 19. | Cargo Boat Development Company PLC | 2,766,417 | 0.68 | 2,632,342 | 0.82 |
| 20. | Sri Lanka Insurance Corporation Ltd. – General Fund | 2,384,981 | 0.59 | 2,269,393 | 0.70 |
| Total of the 20 major shareholders | 348,117,477 | 86.38 | |||
| Other shareholders | 54,548,579 | 13.62 | |||
| Total | 402,666,056 | 100.00 | |||
* Shareholding as at 31 December 2021 of the twenty largest shareholders as at 31 December 2022
Return to Shareholders – Bank
| Description | 2022 | 2021 |
| Profit for the year (LKR Mn) | 2,513 | 3,222 |
| Return on total assets (%)* | 0.46 | 0.92 |
| Net assets per share (LKR) | 125.96 | 152.83 |
| Earnings per share (LKR) | 6.75 | 10.14 |
| Dividend per share (LKR) | 2.00 | 3.00 |
*After eliminating fair value reserve
Financial Return
DFCC Bank strives to regularly provide high shareholder returns through profitable and sustainable performance. The Directors approved a first and final dividend of LKR 2.00 by way of Scrip Dividend for the year ended 31 December 2022.
Dividends are based on growth in profits, while taking into consideration future cash requirements and the maintenance of prudent ratios.
