DFCC Bank PLC provides development financing and investment banking services alongside a full suite of commercial banking products and services in Sri Lanka. The Bank serves corporate, SME and retail customers with offerings spanning deposits, credit and financing, trade and treasury, remittances and specialized banking solutions.
Its product portfolio covers savings and current accounts, fixed deposits, personal and housing loans, leasing, SME and business lending, corporate and project finance, cards and payments, digital banking platforms and remittance services. The Bank operates branded channels and propositions including the DFCC ONE mobile app, DFCC iConnect, DFCC Pinnacle wealth/priority banking, DFCC Pay and Lanka Money Transfer (LMT).
DFCC Bank operates primarily in Sri Lanka and services remittance corridors for the Sri Lankan diaspora, with particular emphasis on the Middle East.
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DFCC Bank completed the acquisition of Standard Chartered Bank Sri Lanka's wealth and retail banking business, adding approximately 50,000 customers and colleagues and taking on retail, wealth, SME, cards, lending, deposits and selected operating assets. Customers retain existing Standard Chartered account numbers, cards, PINs and payment arrangements while being migrated to DFCC's digital platforms and branch/relationship arrangements.
DFCC Bank PLC completed its acquisition of Standard Chartered Sri Lanka's retail and wealth business for LKR 3,655 million (plus taxes); the transition was effective Aug 1 and operations went live Aug 3. About 50,000 customers, 260 former SCB employees and six branches were migrated, and the deal was funded from internal capital.
DFCC Bank completed its Rs3.7 billion acquisition of Standard Chartered Bank Sri Lanka's Wealth and Retail business, with live operations beginning Aug 3. The deal brings 50,000 customers, six branches and 260 transferred employees; DFCC shares closed at Rs125.75 (+0.40%).
Fitch assigned DFCC Bank PLC's proposed LKR10 billion Basel III subordinated debentures an expected National Long-Term Rating of 'BBB+(EXP)(lka)'. The five-year debentures will be listed on the Colombo Stock Exchange and are intended to qualify as Tier 2 capital to strengthen the bank's capital base.
HNB General Insurance appointed Lakshman Silva as Non-Executive/Nominee Director and Sandra De Zoysa as Independent/Non-Executive Director to its board. The appointments are intended to strengthen governance and drive digital/CX transformation as the insurer scales its platforms and customer service architecture.
DFCC Bank expects to complete the Rs. 3.7 billion acquisition of Standard Chartered Sri Lanka's wealth and retail banking business by 31 July 2026. The deal covers Priority Banking, credit cards, retail lending, deposits and SME portfolios and will be funded from internal funds.
DFCC Bank will complete the acquisition of Standard Chartered Bank Sri Lanka’s retail and wealth business for 3.7 billion rupees, scheduled to be concluded by July 31, 2026. DFCC said it will use internal funds and will make a further announcement upon completion.
DFCC Bank PLC appointed Shamindra Marcelline as Executive Director effective 15 June 2026, following Board and Central Bank approval. He was Deputy CEO overseeing customer excellence, sustainability, information security, logistics and real estate and will support the bank's digital innovation and strategic growth.
IT & Digital
Banks & Finance sector: what is happening
Last 30 days to Aug 4, 2026
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.