Milestones

DFCC is incorporated under an Act of Parliament and is one of the first development banks to be instituted in Asia.

DFCC becomes the first bank to be listed on the Colombo Brokers’ Association, the precursor to the Colombo Stock Exchange.

Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is formed with DFCC as a founder member.

Finance leasing is officially introduced.

An insurance agency business is commenced.

Medium-term working capital financing is officially introduced.

The Head Office is inaugurated.

The first branch in Kandy is opened.

Short-term Working Capital Financing is officially introduced.

NAMAL is officially founded.

Lanka Industrial Estates Limited is founded.

Lanka Ventures Limited is founded.

Reached No. 1 position in market capitalisation.

Asia Money ranks DFCC as the Best Managed Company in Sri Lanka.

Fixed deposit mobilisation is introduced.

Sri Lanka’s first BOO Power Project is commissioned, financed by DFCC.

Appointed as the Administrative Unit of the Energy Services Delivery Project funded by the World Bank.

Asia Money ranks DFCC as the Best Managed Company of the decade.

Structured and managed Sri Lanka’s First Rated Debenture Issue for Sri Lanka Telecom.

DFCC acquires ABN AMRO Securities (Pvt) Limited and renames the company to DFCC Stock Brokers (Pvt) Limited.

Fitch Ratings Lanka Limited assigned the SLAA National Rating for Implied Long-term Unsecured Senior Debt of DFCC Bank.

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 project funded by the World Bank.

DFCC acquires 94.16% of MERC Bank and renames it as DFCC Vardhana Bank.

DFCC Consulting is founded.

Acuity Partners (Pvt) Limited commences commercial operations.

Shareholding in DFCC Vardhana Bank increased to 99.1%.

Appointed by GOSL to administer the EUR 90 Mn Credit Line from the European Investment Bank.

DFCC Bank and DFCC Vardhana Bank are amalgamated in October to form DFCC Bank PLC.

DFCC Virtual Wallet launches as yet another financial inclusion enabler by DFCC Bank, a first in Sri Lanka’s banking industry.

DFCC Bank launches DFCC Premier Go app to empower Premier customers.

DFCC Bank launches DFCC iConnect, a cutting-edge payments solution for businesses.

DFCC Credit Cards relaunched with EMV-enabled chip and Visa PayWave contactless technology.

DFCC Bank crowned as one of Sri Lanka’s “Most Admired Companies” by Chartered Institute of Management Accountants (CIMA) and the International Chamber of Commerce Sri Lanka (ICCSL)

DFCC Bank is awarded the No. 1 Cash Management Service Provider in Sri Lanka by Euromoney.

DFCC Bank is awarded Market Leader in Cash Management (Domestic Banks) and Best Services in Cash Management.

DFCC Bank signs an agreement with the United States Development Finance Corporation (DFC) for USD 150 Mn.