Investor Capital
Shareholder profile
The Bank had 10,595 shareholders as at 31 December 2021 (corresponding to a figure of 11,526 as at 31 December 2020), with 320,522,436 shares in issue. Institutions make up approximately 74.3% of the Bank’s share capital. 83.9% of the Bank’s share capital is held by local shareholders, both institutional and individual.
Share information
DFCC Bank share price information for the period
1 January 2021 to 31 December 2021.
|
1 January to 31 December 2021 |
1 January to 31 December 2020 |
|
| Price indices ASPI | 12,226.01 | 6,774.22 |
| S&P SL20 | 4,233.25 | 2,638.10 |
| Share price | ||
| Lowest price (LKR) | 56.30 | 47.90 |
| Highest price (LKR) | 80.40 | 91.80 |
| Closing price (LKR) | 60.00 | 65.30 |
| Market capitalisation Value (LKR Mn) | 19,231 | 19,982 |
|
Percentage of total market cap (%) |
0.35 | 0.67 |
| Rank | 56 | 37 |
| Value of shares traded Value (LKR Mn) | 2,404 | 6,379 |
| Percentage of total market turnover (%) | 0.21 | 1.61 |
| Rank | 71 | 13 |
| Days traded Number of days traded | 240 | 209 |
| Total number of market days | 240 | 209 |
| Percentage of market days traded (%) | 100 | 100 |
| Frequency of shares traded Number of transactions | 25,111 | 42,692 |
| Percentage of total frequency | 0.32 | 1.39 |
| Rank | 76 | 39 |
Investors are a key stakeholder in the Bank’s value creation process. One of the core objectives of the Bank is to maximise investor wealth by providing sustainable, long-term returns.
Distribution of shareholding
Categories of shareholders
| As at | 31 December 2021 | 31 December 2020 | |||||||||
| Shareholding, % | Foreign | Local | Total | Foreign | Local | Total | |||||
| Individual | 10.10 | 13.34 | 23.44 | 10.11 | 15.56 | 25.67 | |||||
| Institutional | 5.94 | 70.62 | 76.56 | 5.97 | 68.36 | 74.33 | |||||
| 16.04 | 83.96 | 100.00 | 16.08 | 83.92 | 100.00 | ||||||
The Bank regularly engages with its investors and they are actively involved in shaping the Bank’s corporate behaviour.
Distribution of shareholding by size
| As at | 31 December 2021 | 31 December 2020 | ||||||||
| Share range | Number of shareholders | Number of shares | Total holding percentage | Number of shareholders | Number of shares | Total holding percentage | ||||
| 1 – 1,000 | 6,399 | 1,783,326 | 0.55 | 6,826 | 2,071,399 | 0.68 | ||||
| 1,001 – 10,000 | 3,513 | 9,577,349 | 2.98 | 3,892 | 11,049,396 | 3.61 | ||||
| 10,001 – 100,000 | 577 | 15,025,500 | 4.68 | 701 | 18,399,594 | 6.02 | ||||
| 100,001 – 1,000,000 | 83 | 20,349,933 | 6.36 | 85 | 20,857,298 | 6.81 | ||||
| Over 1,000,000 | 23 | 273,786,328 | 85.43 | 22 | 253,619,563 | 82.88 | ||||
| 10,595 | 320,522,436 | 100.00 | 11,526 | 305,997,250 | 100.00 | |||||
Public holding as at 31 December 2021
| As at | 31 December 2021 | 31 December 2020 |
| Public holding percentage (%) | 62.5 | 62.6 |
| Number of public shareholders (Nos.) | 10,579 | 11,511 |
| Float adjusted market capitalisation (LKR Mn) | 12,024 | 12,500 |
| Applicable option as per CSE Listing Rule 7.13.1 (a) | Option 1 | Option 1 |
Twenty major shareholders of the Bank as at 31 December 2021
| As at | 31 December 2021 | 31 December 2020* | ||||
| Name of Shareholder/Company | Number of shares | Percentage | Number of shares | Percentage | ||
| Hatton National Bank PLC A/c No. 1 | 47,789,949 | 14.91 | 45,624,242 | 14.91 | ||
| Bank of Ceylon No. 2 A/c | 40,082,584 | 12.51 | 38,266,153 | 12.51 | ||
| Mr M A Yaseen | 32,052,242 | 10.00 | 30,599,724 | 10.00 | ||
| Sri Lanka Insurance Corporation Ltd. – Life Fund | 29,057,943 | 9.07 | 27,741,118 | 9.07 | ||
| Employees’ Provident Fund | 25,677,509 | 8.01 | 24,513,876 | 8.01 | ||
| Melstacorp PLC | 23,585,521 | 7.36 | 22,516,691 | 7.36 | ||
| Seafeld International Limited | 18,668,111 | 5.82 | 17,822,125 | 5.82 | ||
| Mr H H Abdulhusein | 9,530,000 | 2.97 | 9,000,000 | 2.94 | ||
| People’s Leasing & Finance PLC/Don & Don Holdings (Pvt) Limited | 8,981,956 | 2.80 | 4,673,501 | 1.53 | ||
| Renuka City Hotels PLC | 7,298,813 | 2.28 | 6,968,052 | 2.28 | ||
| Renuka Hotels PLC | 4,292,082 | 1.34 | 4,097,577 | 1.34 | ||
| Employees’ Trust Fund Board | 4,202,087 | 1.31 | 4,011,661 | 1.31 | ||
| Seylan Bank PLC/Senthilverl Holdings (Pvt) Limited | 3,320,080 | 1.04 | 1,333,476 | 0.44 | ||
| Akbar Brothers (Pvt) Limited A/c No. 1 | 2,844,533 | 0.89 | 2,599,019 | 0.85 | ||
| Cargo Boat Development Company PLC | 2,632,342 | 0.82 | 2,513,052 | 0.82 | ||
| Anverally International (Pvt) Limited | 2,582,161 | 0.81 | 2,056,639 | 0.67 | ||
| Sri Lanka Insurance Corporation Limited – General Fund | 2,269,393 | 0.71 | 2,166,551 | 0.71 | ||
| Stassen Exports (Pvt) Limited | 1,998,639 | 0.62 | 1,908,067 | 0.62 | ||
| Deutsche Bank AG as Trustees to Assetline Income Plus Growth Fund | 1,714,384 | 0.53 | 654,102 | 0.21 | ||
| Crescent Launderers and Dry Cleaners (Pvt) Limited | 1,562,154 | 0.49 | 1,491,362 | 0.49 | ||
| Total of the 20 major shareholders | 270,142,483 | 84.29 | ||||
| Other shareholders | 50,379,953 | 15.71 | ||||
| Total | 320,522,436 | 100.00 | ||||
* Shareholding as at 31 December 2020 of the twenty largest shareholders as at 31 December 2021.
Return to shareholders – Bank
| Description | 2021 | 2020 |
| Profit for the year (LKR Mn) | 3,222 | 2,388 |
| Return on total assets (%)* | 0.92 | 0.79 |
| Net assets per share (LKR) | 152.83 | 161.30 |
| Earnings per share (LKR) | 10.14 | 7.83 |
| Dividend per share (LKR) | 3.00 | 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 3.00 per share by way of a scrip dividend for the year ended 31 December 2021.
Dividends are based on growth in profits, while taking into consideration future cash requirements and the maintenance of prudent ratios.
