DFCC KEEPS GROWING

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The synergies of the amalgamation with Vardhana Bank are starting to materialise. For the nine months ended 30 September, DFCC’s profit after tax recorded 43 percent growth to Rs. 2,527 million from Rs. 1,766 million, with the group posting 32 percent growth to Rs. 2,692 million from Rs. 2,034 million. DFCC’s core banking business was the main driver, with net interest income up 17 percent to Rs. 6,231 million from Rs. 5,325 million. This was complemented by net fee and commission income, which grew by 14 percent to Rs. 951 million from Rs. 832 million.