DFCC Group recorded a PAT of LKR 2 Bn. Total operating income is up by 93% to LKR 11 Bn. Impairment charges of LKR 4.7 Bn reflecting the current economic stresses. The following commentary relates to the unaudited Financial Statements for the period ended 31 March 2023, presented in accordance with Sri Lanka Accounting Standard.
During the year under review, DFCC Bank remained committed to providing high-quality, customer-centric banking services across the country, despite facing unprecedented challenges and a volatile economic environment. As a result of this dedication, the Bank’s performance remained strong and resilient, though relatively modest compared to previous years. This can be attributed to three contributory factors.
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Financial Results for the year ended 31 December 2021 DFCC Group recorded a PAT of LKR 3.7 Bn. Advances grew by LKR 64 Bn to LKR 366 Bn (21% growth) Deposits grew by LKR 10 Bn to LKR 320 Bn (3% growth) The DFCC Group comprises of DFCC Bank PLC (DFCC), and its subsidiaries – […]