Annual Report 2025
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    We are DFCC Bank

    Milestones

    1955
    The Development Finance Corporation of Ceylon (DFCC) is incorporated under an Act of Parliament and is one of the first of its kind established in Asia.
    1956
    The first bank to be listed by the Colombo Share Brokers’ Association, the precursor to the Colombo Stock Exchange.
    1977
    Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is formed with DFCC as a founding member.
    1984
    Finance leasing is introduced.
    1985
    • Medium-term working capital financing is introduced.
    • An insurance agency business commenced operations.
    1986
    Relocated to the Head Office in Colombo 3.
    1988
    First branch in Kandy.
    1989
    Short-term Working Capital Financing is officially introduced.
    1990
    National Asset Management Ltd (NAMAL) is incorporated.
    1991
    Public issue of DFCC shares.
    1992
    Lanka Industrial Estates Ltd (LINDEL), Lanka Ventures Ltd (LVL) and HDF Securities (Pvt) Ltd are founded.
    1993
    Reached #1 position in market capitalisation.
    1995
    Asia Money ranks DFCC as the Best Managed Company in Sri Lanka.
    1996
    • Fixed deposit scheme introduced.
    • Sri Lanka’s first private sector Renewable Energy power project is commissioned, financed by DFCC.
    • DFCC and Deutsche Bank were appointed as advisors to the Government of Sri Lanka for privatisation of Sri Lanka Telecom.
    • DFCC divests stake in HDF Securities Ltd.
    1997
    • DFCC was renamed as DFCC Bank.
    • Appointed as the Administrative unit of the Energy Services Delivery Project funded by the World Bank and Global Environment Facility (GEF).
    1998
    DFCC Bank issues a USD 65 Mn 10-year Floating Rate Note (Guaranteed by ADB) listed on the Luxembourg Stock Exchange.
    1999
    Ranked as the Best Managed Company of the decade by Asiamoney.
    2000
    Structured and managed Sri Lanka’s First Rated Debenture Issue for Sri Lanka Telecom.
    2001
    Acquired ABN AMRO Securities (Pvt) Ltd. and renamed it DFCC Stock Brokers (Pvt) Limited.
    2002
    • Assigned the SL AA National Rating for Implied Long-term Unsecured Senior Debt by Fitch Ratings Lanka Ltd.
    • Managed the IPO of Sri Lanka Telecom, the largest offering on the Colombo Stock Exchange.
    • Appointed as the Administrative unit of the Renewable Energy for Rural Economic Development (RERED) project funded by the World Bank and GEF.
    2003
    Acquired 94.16% of MERC Bank and renamed it as DFCC Vardhana Bank.
    2004
    DFCC Consulting (Pvt) Ltd was founded.
    2008
    Acuity Partners (Pvt) Ltd commences commercial operations.
    2011
    Shareholding in DFCC Vardhana Bank increased to 99.1%.
    2014
    Appointed by GOSL to administer the EUR 90 Mn SME and Green Energy Credit Line from the European Investment Bank.
    2015
    DFCC Bank and DFCC Vardhana Bank were amalgamated in October to form DFCC Bank PLC.
    2016
    Launched the DFCC Virtual Wallet, a first in Sri Lanka’s banking industry
    2017
    Launched the DFCC Premier Go app to empower Premier customers.
    2018
    • Launched DFCC iConnect, a cutting-edge payments solution for businesses.
    • DFCC Credit Cards relaunched with EMV-enabled chip and Visa PayWave contactless technology.
    2020
    • Awarded the No. 1 Cash Management Service Provider in Sri Lanka by Euromoney
    • Awarded Market Leader in Cash Management (Domestic Banks) and Best Services in Cash Management.
    2021
    Signed an agreement with the United States Development Finance Corporation (DFC) for a USD 150 Mn credit line to support SME financing
    2022
    Awarded Market Leader and Best Service for Cash Management at Euromoney Market Leaders Awards 2022.
    2023
    The first Sri Lankan entity accredited by the Green Climate Fund (GCF).
    2024
    • Issued the first Green Bond in Sri Lanka listed on the CSE
    • Green Bond dual-listed on the Luxembourg Stock Exchange (LGX)
    2025
    • Green Bond listed on NSE IX, India, enhancing global and regional capital market access.
    • Issued Sri Lanka’s first Blue Bond (LKR 3 Bn) under the Sustainable Bond Framework.
    • Signed a binding agreement to acquire the Retail and Wealth Banking business of Standard Chartered Bank Sri Lanka.
    • Divested stake in Acuity Partners (Private) Ltd., strengthening strategic focus and capital position.
    • Became a member of United Nations Global Compact and a signatory to Partnership for Carbon Accounting Financials (PCAF).
    • DFCC Bank is certified as a Great Place to Work.
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