DFCC Bank Marks 70th AGM with Shareholder Approval for Strategic Capital Raising

DFCC Bank PLC convened its 70th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) at its Head Office, marking a significant milestone in the Bank’s seven-decade journey.

The meetings brought together shareholders and proxy holders alongside the Board of Directors and Senior Management.

All resolutions presented at the AGM, including the reappointments of Directors, were approved, reflecting continued shareholder confidence in the Bank’s leadership, governance, and strategic direction.

At the EGM, shareholders approved a special resolution to issue up to 150 million Basel III-compliant, Tier II, listed, rated, subordinated, unsecured, redeemable debentures, each with a par value of LKR 100, with a tenure of up to 10 years, enabling the Bank to raise up to LKR 15 billion.

The approval represents a measured step in further strengthening DFCC Bank’s capital position, supporting its growth trajectory, and ensuring continued alignment with evolving regulatory and market expectations.

It also reflects the Bank’s disciplined approach to capital management, maintaining a strong and well-capitalised balance sheet as it expands its lending and investment activities.

As DFCC Bank enters its eighth decade, the outcome of the AGM and EGM underscores a continued focus on stability, prudent risk management, and long-term value creation for shareholders and stakeholders alike.

The Bank remains committed to operating with strong governance, robust controls, and a consistent focus on safeguarding stakeholder trust.