FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» AAIC 100 = SCAP 16
by Riz123 Today at 2:42 pm

» SGH buys EXPO from retailers
by samaritan Today at 12:13 pm

» Buy lofc tomorrow - Maharaja
by ADVENTUS Today at 11:47 am

» US inflation eased slightly in July
by ADVENTUS Today at 11:25 am

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Today at 11:19 am

» LOFC Future
by ADVENTUS Today at 11:17 am

» Pakistan stocks surge on IMF Staff level agreement - CSE is warming up for the big run
by samaritan Today at 11:16 am

» LOLC FINANCE PLC (LOFC.N0000)
by Anushka Perz Today at 10:24 am

» L G I L - Maharaja special
by Chula Yesterday at 8:13 pm

» HAYLEYS PLC (HAYL.N0000)
by cseboss Yesterday at 11:34 am

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Tue Aug 09, 2022 3:48 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Tue Aug 09, 2022 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Tue Aug 09, 2022 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Tue Aug 09, 2022 11:15 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DFCC Vardhana Bank PLC (DVB) recorded an impressive profit

DFCC Vardhana Bank PLC (DVB) recorded an impressive profit

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator

DFCC Vardhana Bank PLC (DVB) recorded an impressive profit after tax of Rs.336.30 million for the first quarter of the financial year of 2015,a 506.46% increase over the same period of the previous year. The bank’s net interest income was recorded at Rs. 977 million, a 38.27% growth over the first quarter of the previous year. The bank’s total operating income was Rs. 1.38 billion, a 43.54% increase over the first quarter of 2014.

These excellent performances are a result of the pro-activeness of DVB’s pricing of its asset and liability products in keeping with market conditions. Additionally, the strong growth that DVB recorded in its loan book in the latter half of 2014, has contributed significantly to boosting its profits in Q1 of 2015. The bank’s success is also attributed to the effective management of operating costs which helped increase the bank’s operating efficiencies, additionally its growth in total assets were recorded at Rs.107.88 billion.

Due to the bank’s high performance and increased stability, the earnings per share for the first quarter of 2015 improved to Rs. 1.18, from Rs 0.20 reported for the same period of the previous year. Additionally return on equity increased to 15.21% from 13.38% while the return on assets for the period under review was 1.30%, indicating a strong financial performance in Q1.  The bank managed to maintain its capital adequacy ratios, Tier I  at   11.41% and Tier II   at 12.22% which is well above the minimum regulatory requirements of 5% and 10% respectively.

Commenting on DVB’s performance, Lakshman Silva, CEO, DFCC Vardhana Bank PLC stated, “Our growth in the first quarter of the financial year ending in 2015 has helped us secure our position as the fastest growing commercial bank in the country. By offering competitively priced products and services, and by providing our customers with added value through exceptional standards of customer service, we have been able to achieve consistent growth and significant results.”

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum