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DFCC Bank Demonstrates Disciplined Performance and Balance Sheet ...
DFCC Bank delivered a strong financial performance for the period ended 31 March 2026, underscoring the robustness of its strategy, disciplined execution, and the resilience of its balance sheet. Loan and deposit portfolios recorded sustained growth of 5% and 7%, respectively, compared to 31 December 2025, reflecting calibrated credit expansion and funding optimisation. As a result, total assets increased by 3% to LKR 884 Bn and total liabilities grew by 4% to LKR 777 Bn. Prudent liquidity management and funding optimisation, together with effective control of funding costs in a moderating interest rate environment, supported the Bank’s performance and strengthened long-term value creation for shareholders and customers, resulting in a 12% increase in Net Interest Income to LKR 8 Bn. Profit After Tax from core business amounted to LKR 1.7 Bn, reflecting the Bank’s prudent and forward-looking approach to risk management amid evolving geopolitical and macroeconomic conditions. During the period, the Bank strengthened impairment provisioning through updated model calibrations and management overlays, while adopting selective lending strategies and disciplined cost management measures to support sustainable growth and strengthen resilience against unforeseen external shocks. Consequently, impairment charges increased by LKR 1.8 Bn compared to the corresponding period. Advancing its strategic priorities to strengthen its retail and wealth franchise, broaden its customer base, and accelerate scale across key growth segments, DFCC Bank achieved a significant milestone with the signing of a binding Business Sale Agreement with Standard Chartered Bank PLC to acquire its Wealth and Retail Banking operations in Sri Lanka. The Bank has now transitioned to the next phase of the transaction, with integration and migration activities currently underway as the Bank progresses towards completion of the transition. The following commentary relates to the unaudited financial statements for the period ended 31 March 2026, presented in accordance with Sri Lanka Accounting Standard 34 (LKAS 34) on Interim Financial Statements. INCOME STATEMENT ANALYSIS PROFITABILITYDFCC Bank PLC, the largest entity within the Group, reported a Profit Before Tax (PBT) of LKR 2,439 Mn and a Profit After Tax (PAT) of LKR 1,715 Mn from core operations for the period ended 31 March 2026, compared to a PBT of LKR 3,962 Mn and a PAT of LKR 2,818 Mn in the corresponding period. At Group level, for the...
DFCC Bank strengthens digital capability through FITIS membership
DFCC Bank's membership reflects a deliberate move to engage more deeply with this ecosystem, as digital capability becomes central to how the banks improve service delivery, simplify processes ...
All The Asian Banker Articles By (Awards Ceremonies)
Absa Ghana, Commercial Bank of Qatar and BSF recognised for achievements in retail, transaction banking and trade finance in Middle East and Africa Leading financial institutions in the Middle East and Africa were recognised at the TAB Global Middle East and Africa Awards 2025 in Dubai. ...
Firstbank Drc Recognised With Three Banking Titles at The Global Brand ...
The Global Brand Awards celebrate excellence in brand performance, recognising companies and organisations that excel in quality, innovation, and customer-centric services across various sectors ...
