Why Invest in DFCC Bank?

DFCC Bank is one of Sri Lanka’s most established financial institutions, shaped by seven decades of disciplined banking and national engagement. Founded as the country’s first development bank and now operating as a full-scale licensed commercial bank, DFCC Bank combines institutional stability with expanding retail and wealth capability.

The Bank’s franchise rests on three structural strengths: (i) a diversified business model spanning retail, small, and medium-sized enterprise (SME), corporate, and institutional banking; (ii) a growing wealth and priority banking platform; and (iii) a recognised leadership position in sustainable finance, including landmark green and blue bond issuances.

This foundation is supported by a national branch network of 133 locations, complemented by expanding digital channels that improve scalability and operating efficiency. Together, these capabilities allow DFCC Bank to serve multiple segments while maintaining portfolio diversification and disciplined risk management.

The Bank’s Strategy is anchored on four core priorities: (i) strengthening leadership in sustainable finance; (ii) expanding retail and wealth capabilities, including the proposed acquisition of Standard Chartered Bank’s Wealth and Retail Banking business; (iii) accelerating digital transformation to enhance customer experience and operational scalability; and (iv) maintaining robust capital adequacy to support prudent balance sheet growth.

These priorities are pursued within a clearly defined risk appetite framework. Asset quality discipline, liquidity management, and capital strength remain central to decision-making. The Bank’s approach seeks measured expansion rather than cyclical overreach.

For investors, DFCC Bank represents a long-term proposition built on governance, resilience, and strategic clarity. The Bank’s evolution into a broader commercial institution, while preserving its development heritage, positions it to participate in Sri Lanka’s recovery with strengthened retail depth, diversified revenue streams, and sustained capital discipline.

Share Performance

The Bank’s share price demonstrated resilience throughout 2025, reflecting investor confidence amid broader market movements and economic consolidation. Performance during the year was supported by improving macroeconomic conditions, strengthening sector stability, and clarity around the Bank’s strategic direction.

The table below outlines key trading indicators for the calendar years 2024 and 2025.

Calendar year	2025	2024
Price indices
ASPI (as at 31 December)	22,624	15,945
S&P SL20 (as at 31 December)	6,157	4,862
Share price (LKR)
Lowest price	95.00	65.00
Highest price	175.00	115.00
Closing price (as at 31 December)	148.00	113.75
Market capitalisation
DFCC Value (LKR Mn) (as at 31 December)	64,884	49,215
Percentage of total market capitalisation (as at 31 December)	0.81	0.86
Rank (as at 31 December)	30	31
Value of shares traded
DFCC Value (LKR Mn)	21,905	13,800
Percentage of total market turnover (%)	1.78	2.57
Rank	10	4
Days traded
Number of days traded	238	240
Total number of market days	238	240

Source: Colombo Stock Exchange (CSE) and Bloomberg

ASPI AND DFCC BANK SHARE PRICE MOVEMENT (JANUARY 2025 – DECEMBER 2025)

Distribution of shareholding

Categories of shareholders

As at 31 December	2025			2024
Shareholding (%)	Foreign	Local	Total	Foreign	Local	Total
Individual	9.09	11.98	21.07	8.33	8.69	17.02
Institutional	5.30	73.63	78.93	5.39	77.59	82.98
Total	14.39	85.61	100.00	13.72	86.28	100.00

Distribution of shareholding by size

Share range	2025			2024
	Number of shareholders	Total holding	%	Number of shareholders	Total holding	%
1 – 1,000	10,981	2,784,889	0.64	6,583	1,668,149	0.39
1,001 – 10,000	4,926	14,347,220	3.27	3,683	10,508,757	2.43
10,001 – 100,000	947	26,134,230	5.96	662	19,591,083	4.53
100,001 – 1,000,000	144	39,142,406	8.93	107	28,179,749	6.51
Over 1,000,000	30	355,995,505	81.20	27	372,710,273	86.14
Total	17,028	438,404,250	100.00	11,062	432,658,011	100.00

Public holding

As at 31 December	2025	2024
Public holding (%)	77.0	77.0
Number of public shareholders	17,016	11,047
Float adjusted market capitalisation (LKR Mn)	49,988	37,904
Applicable option as per CSE listing 7.13.1 (i) (a)	Option 1	Option 1

Twenty major shareholders of the Bank

Shareholder	2025		2024
	Number of Shares	%	Number of Shares *	%*
Hatton National Bank PLC A/C No. 1	54,681,654	12.47	53,964,933	12.47
Bank of Ceylon – No. 2 A/C (BOC PTF)	45,862,822	10.46	45,261,691	10.46
Seylan Bank PLC/Phantom Investments (Pvt) Ltd	43,800,000	9.99	42,100,000	9.73
Mr M A Yaseen	38,953,899	8.88	35,383,956	8.17
Sri Lanka Insurance Corporation Ltd. – Life Fund	33,248,337	7.58	32,812,546	7.58
Commercial Bank of Ceylon PLC/Ambeon Holdings PLC	27,000,000	6.15	–	–
Melstacorp PLC	26,986,746	6.15	26,633,027	6.15
Seafeld International Limited	21,360,204	4.87	21,080,233	4.87
Renuka City Hotels PLC	8,876,674	2.02	8,641,899	1.99
Ambeon Holdings PLC	5,290,016	1.20	32,920,000	7.60
Renuka Hotels PLC	4,911,033	1.12	4,846,664	1.12
Employee’s Provident Fund	4,501,427	1.02	28,995,322	6.70
Employees Trust Fund Board	4,425,631	1.00	4,745,041	1.09
Hatton National Bank PLC/Colombo City Holdings PLC	4,100,000	0.93	–	–
Cargo Boat Development Company PLC	3,320,705	0.75	3,277,180	0.75
Sampath Bank PLC/Ambeon Holdings PLC	3,000,000	0.68	–	–
Seylan Bank PLC/Ambeon Holdings PLC (Margin Trading)	2,985,396	0.68	–	–
Akbar Brothers (Pvt) Ltd. A/C No. 1	2,649,330	0.60	3,229,014	0.74
Sri Lanka Insurance Corporation Ltd – General Fund	2,596,656	0.59	2,562,622	0.59
Stassen Exports (Pvt) Limited	2,286,858	0.52	2,256,884	0.52
Total of 20 major shareholders	340,837,388	77.66
Other shareholders	97,566,862	22.34
Total	438,404,250	100.00

* Shareholding as at 31 December 2024 of the twenty largest shareholders as at 31 December 2025.

Return to shareholders – Bank

Description	2025	2024
Profit for the year – Continuing operations (LKR Mn)	11,060	8,353
Profit for the year (LKR Mn)	16,028	8,353
Return on total assets (%)	2.00	2.01
Net assets per share (LKR)	245.01	194.22
Earnings per share (LKR) Continuing operations	25.30	19.40
Earnings per share (LKR)	36.66	19.40
Dividend per share (LKR)	7.50	6.00

Financial returns

DFCC Bank aims to provide consistent returns through sustainable profitability. The Directors approved a first and final dividend of LKR 7.50 per share by way of LKR 2.50 per share in cash and LKR 5.00 per share in the form of Scrip Dividend for the year ended 31 December 2025.

Dividend per share

Dividends are based on growth in profits, while taking into consideration future cash requirements and the maintenance of prudential ratios.