DFCC Bank created history by becoming the first bank in Sri Lanka to be certified for Visa’s QR Payment Solution. A ceremony was held recently at the DFCC Bank to mark this achievement in the presence of senior management of DFCC Bank and Visa.
The service brings the advantages of security, reliability, and global acceptance - and enables consumers to access funds more easily in their accounts through a mobile device to make everyday purchases both domestically and internationally. DFCC Bank’s customers can also enjoy the convenience of a quick transaction, along with enhanced security, as customers need not share their card details with the merchant anytime during the payment process, resulting in lower disputes.
The security features embedded in Visa’s QR payment solution comply with and conform to various international standards and architectures. Moreover, the solution ensures compliance with the regulatory guidelines defined by the respective Payment Card Associations and Monetary Authorities. Tokenisation technology is bundled within the mobile push payments suite to replace sensitive card details with a surrogate value (token). This way, if the transaction was breached, no sensitive information is revealed and the real card details remains secure.
An awareness programme on the Tea Industry was held for the Branch Managers and Credit Officers of Region 2 & Region 3 on the 9th of December at Avissawella Tea Factory. This programme was an immense success and the participants were able to enhance their knowledge on the history of the tea industry, the tea manufacturing process, trade secrets and standard norms in the industry.
Further it was decided that similar trainings will be organised targeting different industries on quarterly basis to educate staff on the same.
The Training Unit of the Human Resources Department would like to extend their gratitude to Wajira Punchihewa - Regional Manager, Region 2 and Nandana Chandrasekara - Branch Manager, Horana Branch for their invaluable contribution which made this programme a success.
Mr. Lakshman Silva was invited by Professor Laxshman Senevirathne, Acting Vice Chancellor of the University of Kelaniya to deliver the convocation speech for the graduates of the Commerce & Management Studies faculty, at the convocation ceremony held on 20th December at the BMICH.
DFCC, as part of its client engagement programme, treated select Corporate and Premier Banking customers to the Mamma Mia Musical organised by Cinnamon Life. The main objective was to reward them for their loyalty and to build closer relationships with them.
Customers were also treated to high tea prior to the event at the Premier Centre where senior management and relationship managers spent time interacting with them.
The Recreation and Welfare club of Synapsys Ltd. organised a Secret Santa event at its Head Office in Nawala. The main purpose of this event was to enhance employee engagement through sharing and celebrating.
The event was a success with all staff coming together to exchange gifts in the spirit of the season. The Welfare club of Synapsys takes this opportunity to thank all its club members, committee members, company management and the HR department of DFCC for extending their support to make this event a success. The welfare club is also looking forward to making this event an annual fixture.
DFCC Bank organised an evening of Christmas carols to celebrate the spirit of the season last Thursday. It was a wonderful evening of Christmas songs and carols starring the talented DFCC choristers.
They put on a great show for the audience which consisted of management, staff, and their families. There were also plenty of opportunities for audience members to join in with some great traditional Christmas carols.
The final Sahaya Hamuwa programme for year 2018, organized by the Ratnapura branch was held in Rathnapura last Friday.
Over 140 potential clients attended the programme on "Entrepreneurship & Financial Literacy” and the guest speaker was Mr. Rohitha Abeykoon Senior Director of the Central Bank of Sri Lanka.
The programme received positive feedback and 110 savings accounts were opened through this initiative.
Well done Team Rathnapura!
DFCC Bank was the exclusive Banking partner at the annual Art Competition organised by Lake House. This year, the event was held at the Pinnawala Zoo and the Kurunegala team actively participated alongside a few other reputed business entities.
370 children and their parents/guardians participated at the event and the team was able to generate 230 leads for DFCC Junior as well as increase awareness on DFCC’s other products and services.
A cross-functional management team was recently appointed by Mr. Lakshman Silva to spearhead the sustainability initiatives of the Bank. The committee led by Mr. Silva will be responsible for identifying “green initiatives” in line with the Bank’s core values, where the Bank can contribute positively towards the society and environment whilst enhancing brand image.
All staff across the branches are also encouraged to give in their suggestions as to which areas the Bank can focus its efforts on.
A tree planting campaign organised by the Sustainability Unit was held successfully at the Beddagana Wetland Park on the 9th of December. A total of 100 trees were planted on this day with the participation of DFCC staff and their families, including Board member, Ms. L K A H Fernando, and SVP – Branch Banking, Mr. Bhathiya Alahakoon.
Fruit plants were given to the children who participated and the highlight of the day was when an educational tour of the park was conducted by a qualified Biologist.
The DFCC REDS successfully concluded their Annual Quiz for the 5th consecutive year with six teams enthusiastically participating in five rounds. The DFCC REDS committee would like to thank the participants and senior management for extending their fullest support. The event provided a great platform for new recruits to interact with their colleagues whilst gaining knowledge.
Congratulations and Well Done!
A new DFCC Bank branch was inaugurated in Mahiyanganaya recently, in the presence of Uruwarige Wannilla Aththo, Chief of Veddah Community, bank officials, customers, and business leaders in the area. Customers in the region can now avail of a comprehensive banking experience, as DFCC Bank offers a variety of retail banking products and services such as current and savings accounts, fixed deposits, loans, pawning services, leasing facilities, credit cards, and remittances. The expertise of the Bank’s project lending teams, honed by over six decades of experience in this field, is unmatched in the industry. Therefore, the business community in the area will benefit from DFCC’s expertise in Corporate, MSME and SME Banking, complemented by the Bank’s innovative service delivery channels.
The Chief of the Veddah Community, Wannila Aththo delivered a speech on this occasion stating that Mahiyanganaya town is fast developing and with the opening of the DFCC Bank branch, the community will have access to a range of financial services.
The new branch is located at Badulla Road, Mahiyanganaya and can be contacted via telephone on 055-2256160 and 055-2257702.
The Asian Development Bank (ADB) and DFCC Bank announced that a $35 million loan agreement signed recently between the two organisations would improve access to finance for the country’s micro, small, and medium-sized enterprises (MSMEs).
The agreement was signed by Mr. Silva and ADB Senior Investment Specialist Mr. Biao Huang at a ceremony in Colombo. The event was also attended by DFCC Senior Vice President, Treasury and Resource Mobilisation, Mr. Kapila Nanayakkara and Assistant Vice President, Treasury and Resource Mobilisation, Mr. Channa Dayaratne.
Nearly all enterprises in Sri Lanka are MSMEs, contributing a significant share of employment and gross domestic product. Access to finance for MSMEs, however, remains constrained, which stunts their growth and development. This is compounded by financial reporting quality issues of many MSMEs and a risk-averse culture among financial institutions.
ADB’s loan will enable DFCC to diversify its funding sources and have long-tenor funding to finance loans to MSMEs in Sri Lanka. A portion of the loan will be exclusively used to support MSMEs owned or managed by women, and at least 20% of ADB’s funding will be on-lent to businesses located outside Colombo.
Tharinda Wimalaweera from HR was a part of the Sri Lanka Deaf Cricket Team that won the T20 Deaf Cricket World Cup - 2018, beating India by 36 runs in the final, on the 30th of November.
Congratulations and we are very proud of you!!
The highest performing students of the DFCC Samata English programme were awarded internships at the Bank for a period of six months. The awarding took place last week at the DFCC Bank Auditorium and the awardees were:
Galle: Ms. Dasuni Kalansooriya, Mr. K.A. Thilaka Oshan
Kurunegala: Ms. Amali Thilakaratna, Ms. Sanuri Weerasekera
Kandy: Ms. Chalani Koshika Kumari, Ms. Hasini Gunawardena
The ceremony was attended by the selected students, their parents, DFCC’s project partners; Arc World Wide and Gateway International, and representatives from DFCC.
Mr. Lakshman Silva addressing the gathering, encouraged the students to pursue their higher studies and assured them that the Bank will give them priority if they wish to join the Bank, provided they meet the required criteria. Both the students and their parents were very appreciative of the opportunity given to them - to be able to learn and grow in a professional work environment.
The Kaduruwela branch sponsored a Certification Ceremony organised by the Sakya Educational Institute in Polonnaruwa recently, with the objective of promoting DFCC Junior.
Held at the Deepa Uyana, this ceremony is held annually by the Institute, targeting new students as well as parents in the Polonnaruwa area. The team promoted DFCC’s products by distributing leaflets and displaying the DFCC Junior gifts on offer. They also organised some games and prizes for students and parents and distributed promotional material.
Over 350 people were present at the event and the team generated 120 leads through this initiative.
Mr. Ashok Goonesekere was invited to be a Panelist representing the Banking sector at a workshop on SLFRS 09, organised recently by CA Sri Lanka.
Representatives from the Central Bank of Sri Lanka, other banks and financial institutions were present at this forum. Whilst contributing to the discussion, he also made it an opportunity to enlighten the audience about the products and services DFCC Bank offers, enhancing brand awareness.
DFCC Bank has empowered the community of Godakawela by opening a new branch, enriching the lives of the community in the area.
The branch was declared open by Mr. Lakshman Silva, senior management and branch staff, along with key individual and business clients from the area. To mark the commencement of the Godakawela branch operations, Mr. Silva presented the first Junior savings account, the first Sahaya facility, and the first Credit Card to customers at the opening ceremony.
The branch is located at No 53D, Main Street, Godakawela. For further inquiries, the contact numbers are: 0452240500, 0452240701, 0452240702(F).
The DFCC Bank Credit Card Campaign for the season was launched over the weekend offering 31% CashBack for 31 days. Each day that cardholders swipe their cards for Rs. 2,000 or more, they will get 1% CashBack on the total spend till 31st December. The more they swipe, the more CashBack they will get!
The campaign includes TV, Press, Radio, Digital as well as other below-the-line activities.
We congratulate all the winners who emerged victorious in their respective categories at the Nelum Pokuna Theatre. Well done to everyone who participated and showed off their varied talents.
After rigorous selection rounds, 23 finalists competed in the categories of Drama, Vocal, Instrumental, and Dance. The winners were:
Winner – The Audit Team
Winner – Mahesh Maduranga, Ampara Branch
1st Runner Up – Chamith Hettiarachchi, Credit Administration
2nd Runner Up – Enos Annalingam, Vavuniya Branch
Winner – Arjuna Samaraweera, International Correspondent Banking & Remittances
Winner – Treasury
1st Runner Up – NSC Team
The Talent Show was held after a lapse of 10 years and was attended by over 500 staff and their family members. It was an evening filled with glitz and glamour, not only stimulating creativity amongst staff but also strengthening team work and camaraderie.
The event was organised by a cross-functional staff team and we congratulate them on a job well done!
An awareness programme on General Insurance for Branch Credit Officers, Credit Assistants, and Business Development Officers of Region 3 was held on the 17th of November at the Grand Navro Hotel in Matara.
Mr. Muditha Karunarathne, Assistant General Manager of Reliance Insurance Brokers (Pvt) Ltd was the trainer at the programme and he covered topics such as identifying customers insurance needs and its importance, when to cross-sell to customers, how to manage customer resistance, channelling insurance through the Bank, and the importance of insurance income as a major income generating source.
The first MSME Field Officer’s Awards Ceremony was held last Friday at the DFCC Auditorium with the participation of Mr. Lakshman Silva, Mr. Achintha Hewanayake and senior management. We congratulate the winners who proved their mettle.
Mr. Lakshman Silva was recently invited to be a panellist in the Industrial Dialogue segment of the Annual International Research Conference of the Faculty of Management and Finance – University of Colombo. He represented the financial services industry.
This year’s conference was organised for the 13th consecutive year and was themed “Calibrating businesses for ethical and professional conduct". It was held on the 16th of November at the Conference Hall of the faculty with the moderator being Dr. Seuwandhi Ranasinghe, a Senior Lecturer at the faculty.
The Gampaha branch recently conducted a successful savings campaign targeting mainly junior accounts at the "X ban Educational Exhibition" held at the Gampaha Bandaranayaka College during their 100th anniversary celebrations. The event was held at the school premises and all branch staff actively participated at the campaign.
Over 70 junior accounts and 25 savings accounts were successfully opened whilst over 300 leads were generated for junior accounts. Two leads from private companies were also obtained to open bulk accounts and the branch is working on converting all leads. Furthermore, a few fixed deposits were opened and credit cards were also actively promoted during the campaign.
The branch is planning to do more initiatives on the same scale in support of the "Road to A Million" drive.
The second edition of the special life insurance training for DFCC branch managers across the regions was held on the 10th of November at the AIA Towers. The training was held by Mr. Dimuthu Perera, who touched on topics such as how to pitch to different types of customers and best practices. This was concluded with a panel discussion with DFCC Bank’s branch managers.
The CEOs club qualifiers for Q3 were felicitated at a dinner reception with Mr. Lakshman Silva and Mr. Pankaj Banerjee – CEO, AIA Insurance on the 9th of November at the Marino Beach Hotel.
We congratulate the 99 staff members who qualified as winners and those who received the recognition awards. The top five winners were:
1. Paskaranathan Ghengatharan, Kotahena Branch
2. Chanuka Bandara, Kegalle Branch
3. Srinika Kurukulasuriya, Digana Branch
4. Dhananjaya Nandasiri, Ratnapura Branch
5. Nirmala Prasanna, Mount Lavinia Branch
The Area A1 Humorous Speech and Evaluation Contest was held at the Dialog Axiata Auditorium, with the Winners and 1st Runners Up from the club contests from DFCC Bank, Dialog, Sunshine Holdings, and Jayawardenapura Toastmasters competing.
DFCC Bank’s Sitha Kathirgamanathan became Runner Up in both the Humorous speech and Evaluation Contest whilst Marie Perera became 2nd Runner up at the Evaluation Contest.
Sitha will be proceeding to the Division level for both contests representing DFCC Toastmasters, which will take place at the Centre for Banking Studies on the 16th of December. The best out of 22 Clubs will be battling it out at this competition and it will be the 1st time that a DFCC Toastmaster will be competing at Division level for both contests simultaneously.
Congratulations and we wish Sitha all the very best!
The Sri Lanka Institute of Directors (SLID) conducts regular events for its members who are mostly Directors in Blue Chip and Public companies, Partners of professional firms, Senior Managers in the private sector and other reputed business personalities.
The SLID organised an Annual Director’s Dinner on the 2nd of November at the Balmoral, Kingsbury titled “Night of Illusions”, and the Premier Centre invited a few of their Premier customers to this event.
Over 250 people attended this elegant evening comprising of the cream of the corporate sector. The evening started off with a cocktail reception and was followed by an exquisite six-course dinner. The guests were entertained by Yasas and Hannibal the Magic Warrior, featuring internationally renowned Danny Cole, an award-winning performer who has performed at venues such as Rio-Las Vegas. He is one of the few magicians who successfully fooled world famous magicians Penn & Teller in their show “Fool Us”.
Sales staff that made the Leaders Club list were invited to High Tea with Mr. Lakshman Silva on the 5th of November at Elevate, Access Towers. The event was organised by the Retail Assets and Liability Sales team lead by Mr. Duminda Silva.
These staff members have performed exceptionally well in Quarter 2 and 3, achieving over 200% of their monthly assets and liability targets. In recognition, these achievers received Leaders Club badges from Mr. Lakshman Silva, Mr. Achintha Hewanayake, Ms. Gillian Edwards and Ms. Sonali Jayasinghe.
A business promotion was carried out by the Western Assets and Cards Sales Team recently at the Trace City and Orion City food courts over a period of three days.
The teams promoted a specially designed personal financial product bundle for young IT professionals and products such as the DFCC Professional loan, Speed Loan, Hiflex, and Credit Cards. Over 120 leads were generated through this initiative.
DFCC Bank is giving rise to a group of confident youth by imparting proficiency in spoken English, thereby enhancing their career prospects through its Samata English CSR programme. More importantly, the Bank extends internship opportunities for the top scorers in the programme to learn the ropes of the banking industry. This year too, on successful completion of the second edition of Samata English, where participants learnt spoken English, the top scoring students were offered a 6-month internship programme.
Six students who scored the highest were offered paid internships at DFCC Bank’s Kandy, Kurunegala and Galle branches. The internship is designed to provide an all-round experience for interns who will work alongside Bank staff on special assignments and projects and avail of classroom programmes. The formal ceremony awarding these internships was recently held at the DFCC Auditorium. The Six successful interns are G.H.G. Chalani Koshika Kumari and Henaka Rallage Hasini Nethmika Gunawardana from Kandy; Dasuni Thamodi Kalansooriya and K.A. Thilaka Oshan from Galle; and W. Amali Pushpika Thilakarathna and M. Sanuri Isurika Weerasekara from Kurunegala.
The Samata English Graduation ceremony was held at the DFCC Auditorium to recognise students who received high scores at the recently concluded programme.
Pursuing its commitment to uplifting the standards of education in the country, DFCC Bank conducted the English Education programme, in the Galle, Kandy, and Kurunegala areas, targeting youth between the ages of 18-25, earlier this year.
The main objective of the Samata English project was to teach Spoken English and equip youth with the basic English knowledge required to enter the workforce. DFCC Bank tied up with the Gateway Learning Centre for this purpose.
The graduation ceremony was well attended by students, parents, senior management and staff and the graduates from each region performed a skit to demonstrate how their English-speaking capabilities have improved following the programme.
Based on the successful outcome of the project, this initiative will also be extended to other areas across the country next year.
DFCC Bank moved up to 14th position from 21st position in the Business Today Top 30 list. Mr. Lakshman Silva received the award at the awards ceremony that took place at the Shangri-La Hotel.
A Tree Planting Campaign organised by the Sustainability Unit was held at the Bellanwila Rajamaha Viharaya on Saturday 3rd November with the participation of Mr. Lakshman Silva, together with DFCC Bank staff and their families.
Proceedings commenced at 8 AM with the CEO meeting the Chief Prelate of the temple. Mr. Silva then planted a ‘Na’ tree inside the temple premises. A special religious ceremony was then conducted on the upper compound (Uda Maluwa) of the sacred Bo Tree. Thereafter, the tree planting campaign commenced in an area adjoining the car park of the temple to plant approximately 100 trees.
This was a follow-up to the tree planting campaign that we held at this location in 2017. This initiative of creating a beautiful park with fruit trees will also contribute to attracting birds to return to the area after the dwindling of habitats available to them in the vicinity. Sustainability Unit thanks all staff and their families who participated, especially Mr. Lakshman Silva.
The Baddegama Branch successfully completed a 'Sahaya Hamuwa Programme' on the 2nd of November targeting the budding businesses in Baddegama, Thalgaswala, Kahaduwa, Batapola, Mapalagama, Unanwitiya, Weliwitiya, Ellakanda, Wanduramba, Nagoda, Udugama, Thelikada, Poddala, and Ampegama.
Mr.Rohitha Abeykoon, Senior Director - Central Bank of Sri Lanka conducted an interactive and informative session on financial literacy, the value of saving, and entrepreneurship which was very well received by the audience.
A total of 422 participated and the team on-boarded 346 new clients. There were more than 150 MSME and the branch will be screening all the projects carefully.
DFCC Bank recently recognised the Junior Account holders who performed exceptionally well at the recently concluded Grade 5 Scholarship Examinations.
Thigalolipavan Mahendran of J/Jaffna Hindu Primary School achieved 2nd place in the island and Ayodya Udan Rajapaksha of A/Thambuttegama Model Primary School achieved 4th place.
The rewarding ceremonies were held to coincide with World Thrift Day where the top achievers received monetary gifts worth Rs. 100,000 each in addition to Rs. 150 for every mark above 150 marks as per the Vardhana Junior Scholarship Scheme. The award ceremonies were chaired by Anton Arumugam, Vice President - Liabilities & Trade Business Development and Nuwan Medonza - Product Champion, whilst parents of the achievers were also present.
The Thambuttegama event was attended by Candiah Jegarajah, Regional Manager - Region 6, the Thambuttegama branch team along with the Principal, teachers, and students of the school.
The DFCC iConnect official launch was held on the 29th of October at the Oak Room, Cinnamon Grand Colombo. Many business clients attended the event and were educated on the capabilities of the DFCC iConnect system through a novel audio-visual presentation, which used an Avatar to talk about its product features. The DFCC iConnect mobile app was also launched at this event, offering customers added value and convenience. With the mobile app, business clients can stay connected to their finances where ever they are in the world at any time.
The DFCC men's team won the Championship in their category while the mixed team won the Runner's up award in their respective category.
In the meantime, the women's shuttlers emerged 2nd runner's up at the MBA Inter-Firm women's Team Championships. This is the first time in DFCC’s history that a Badminton team won a championship at an MBA tournament and all three teams got received a place in the finals.
Apart from this, DFCC shuttler Shan Perera won the "Best Player award" in the men's category.
The teams consist of following staff members:
Rasika Senaratne (Captain) - Liability Operations, Rohantha Seneviratne - Specialised Projects / DFCC Consultants, Niluka Jayasinghe - Specialised Project Lending, NIshantharaj Ganeshan - Kotahena branch, Shan Perera - Piliyandala branch, Nalin Abeywickrama - IT Dept, Chamara Peiris - Consumer Banking, Sachinthani Warnamanna - Kalutara branch, Jinesha Kodikara - Specialised Project Lending, Chathuri Malika - Mathugama branch.
The Call Centre team held their Monthly Performance Recognition Ceremony on the 12th of October and the occasion was attended by Mr. Denver Lewis, Vice President - Payments and Digital Channels.
Call Centre staff were issued with letters of recognition based on their individual performance and commitment towards their duties assigned based on categories such as the greatest number of calls answered - day shift, the greatest number of calls answered – day and night shift, the greatest number of calls placed, and most improved agent.
Congratulations to Sivarubini Visvanathan, Shazra Kitchill, Rovina St John, Manushi Neththikumara, Buddhika Weerasinghe, Anoja Ramiah, Ravindu Hewage, Rishan Dahilan, Dishan Amarathunga, Hashanthi Samarawickrama, Layan Rupasinghe, Piyumi Thakshila and Dasun Mendis for being recognised at the event.
A special mention also goes out to Rishan Dahilan and Buddhika Weerasinghe who were the compeers for the evening.
The Chunakkam branch conducted a “Navaratri Pooja" on 18th October within the branch premises with the participation of key clients.
Navaratri or the nine sacred days mark the most auspicious days of the year according to Hinduism. Celebrated with fervour and festivity by every Hindu community the world over, these nine days are dedicated solely to Goddess Durga and her nine avatars. The festival symbolises victory of positivity over negativity. During these nine nights and ten days, the three forms of the goddess -Durga, Lakshmi and Saraswathi - are invoked.
The team decorated the branch in a traditional manner and offered traditional eats to all the participants.
The Region Six Team successfully organised a knowledge sharing session on the 4th of October with the objective of refreshing product knowledge on PFS and alternate channels. This session was held with the participation of the teams from Anuradhapura, Thambuttegama and Eppawala.
Despite being a working day, all the staff from the branches were present along with their Branch Managers.
Mr. Candiah Jegarajah (RM) along with several presenters from the branches carried out an important and useful discussion on how the team can introduce products to the market effectively, and later that evening, a quiz session was carried out where gifts were awarded to the winners.
The second audition for the DFCC Talent Show was recently held, with the talent demonstrated improving dramatically. The auditions were judged by an elite panel of experts from the industry.
The show agenda will include incredible vocalists, imaginative dance troupes and even a few short but engaging dramas, all performed by our own home-grown talent.
The Regional Values Championship Teams have been working on driving the cores values of the Bank amongst their peers. Recently, the Region Seven team championing the core value "Social Responsibility" in collaboration with the HRD, arranged a pop-up shop at the Head Office and Ramanayake Mawatha branches, to provide employees the opportunity of buying environmentally friendly palmyrah items.
Representatives from the Jaffna Palmyrah Development Society brought a wide range of products which our staff enthusiastically purchased, helping the Jaffna Community at the same time.
Await more exciting initiatives being carried out by the Region Seven team in a bid to make DFCC a more environmentally conscious institution.
The Chunnakkam branch recently organised a children’s market at the J/Sangaraththai Sinnamah Vidyalaya, Sithankerni with the intention of promoting DFCC Junior and creating brand awareness.
It was a successful campaign initiated by SBDA-RR Jenin and team Chunnakam with the support of Regional Office staff members.
As instructed to students and parents, students brought home made products, vegetables, drinks, snacks, and other groceries and marketed these items within the school premises. 46 students participated and their parents, relatives and people in the area were invited to purchase these goods. The sales proceeds will be deposited in the DFCC Junior account of the respective child. The average collection from a child was Rs. 1000.
This initiative has been appreciated by the school and the community in the area. Furthermore, school principal has agreed to allow the branch to do a monthly collection and open accounts for new admissions in the future.
SYNAPSYS, the Information Technology (IT) subsidiary of DFCC Bank won three Merit Awards at the prestigious National Best Quality Software Awards (NBQSA) held at the Galadari Hotel. The Awards won were:
1. VInnovate - Merit Award under Application Tools & Platforms Category
2. Octoplex - Merit Award under General Application Category
3. RM on APP (Premier Go) - Merit Award under General Application Category
The NBQSA Awards, organised by the Sri Lankan chapter of the BCS - The Chartered Institute for IT over the past 19 years, is presented in recognition of software products that are of exceptional quality and built to compete in the international market.
The Synapsys team appreciated the support given by DFCC Marketing team for supporting them by providing necessary information during the application submission stage. They further extended their special appreciation to Iranga Amilana, Assistant Vice President (Private Banking & Wealth Management) for issuing them with a Customer Confirmation and Reference Letter on time without any hesitation.
DFCC Bank conducted a promotion campaign at the Doctors’ Inter Provincial Cricket Tournament 2018 held at Bloomfield ground on the 6th of October. This initiative was a great success with the sales team successfully promoting GMOA Loans, Credit cards and CASA Accounts.
A tree planting campaign organised by the Sustainability Unit was held on the Colombo – Matara Highway between the Dodangoda and Welipanna interchanges on October 6th, where 1,000 trees were planted. This tree planting campaign was carried out in collaboration with ‘Re Forest Sri Lanka’ and the Road Development Authority (RDA), and was organised for staff who celebrated their birthdays between June and September.
Staff participation was low due to the adverse weather that prevailed on that day. However, despite the heavy rain, the trees were planted with the assistance from the RDA workers. Furthermore, the Bank has undertaken to maintain these trees for a period of one year.
The Welimada team organised a CASA promotion campaign on the 25th and 26th of September, covering the Welimada, Uwa Paranagama, Keppetipola, Lunuwattha, Ambagasdowa, Medawala, and Kotawara areas.
The campaign was successful despite adverse weather conditions with 163 accounts opened as a result. Well done to the team including Thusitha Perera -Cluster Leader and Hemal Gunaratne (MSME Officer Welimada Branch) who were the main organisers of the campaign. The participants were Lahiri Ratnayake, Chathuranga Basnayake, Kanishka Tharanga, Chaminda Gajanayake (MSME Officers- Uva Cluster) and Dinesh Wimalaweera- BDA, Welimada.
The DFCC Urubokka branch conducted the latest DFCC Sahaya Hamuwa Programme on the 5th of October to create awareness on small and medium business loans among the business community in the area. Mr. Sarath Ekanayake, Senior Assistant Director of the Central Bank of Sri Lanka was the speaker at the event, speaking on important aspects such as Entrepreneurship and Financial Literacy.
Approximately 230 potential clients participated at the programme despite adverse weather conditions. The branch has already opened 127 accounts through this initiative and is expecting more in the coming days. Thus far, 75 inquiries have come in on MSME loans and the team will closely follow up on converting these leads. Participants have also confirmed the possibility of opening Junior accounts for their children.
The Region Six team successfully organised a Knowledge Sharing Session for the Kaduruwela, Medirigiriya, Hingurakgoda, Aralaganvila, and Dehiattakandiya branches with the objective of refreshing their knowledge on PFS and Alternate Channels. All staff of these branches were present along with their Branch Managers.
Mr.Candiah Jegarajah, Regional Manager, along with several presenters from the branches carried out an important and useful discussion on how products should be introduced to customers. Thereafter a Quiz was held with gifts being awarded to the winners.
The Embilipitiya Branch recently conducted a children’s day event at the Bodhimaluwa Maha Vidyalaya, Embilipitiya, with the objective of promoting Vardhana Junior and other savings accounts.
Over 95 parents participated at this event and the team generated 70 leads for Vardhana Junior accounts and other savings accounts. Furthermore, the efforts of the team were praised by the school’s Principal who was keen to tie up with the Bank for future events. He also endorsed DFCC products encouraging parents to deposit funds regularly into accounts.
This was the fifth Vardhana Junior promotion organised by the Embilipitiya branch for the year. The team would like to thank Mr. Nuwan Medonza, Mr. Pavithra Dias, the Marketing team and the Branch Operations team for the support provided.
DFCC Bank was awarded ‘The Best Common ATM Acquirer of the Year - Category C’ at the LankaPay Technnovation Awards on 20th September 2018 at Shangri-la Hotel, Colombo. The award is based on the criteria of the number of ATMs deployed and the average monthly interbank transaction volumes.
DFCC Bank’s ATM network consists of 115 machines, while the branch network stretches to 138 branches across the island. The Bank has expanded significantly in recent months into a number of new towns and cities, adding to its ATM and branch portfolio, offering greater convenience and access to customers and facilitating financial inclusion. DFCC Bank CEO Mr. Lakshman Silva commented on the accolade, “We have drawn up a strategic expansion plan which includes rapid ATM and branch expansion across the country. We are closely attuned to customer needs and evolving consumer trends. Furthermore, as we are connected to the LankaPay network, customers of other banks can also conveniently perform withdrawals through the DFCC ATM network.”
Following the strategic partnership with DIMO, DFCC Bank commenced street promotions in collaboration with the DIMO sales team. The campaign will run across the country for three months and be rolled out through the branch network. The first promotion was held by the ‘Wayamba Go-getters’ at the Dambulla branch.
During a visit to the Batticaloa branch, DFCC Bank CEO Mr. Lakshman Silva took the opportunity to meet with key customers of the branch along with the Regional Manager, Mr. Candiah Jegarajah. Mr. Silva also inaugurated a Paddy Seeds Production Unit at Jegathees Rice Mill. The programme was organised and coordinated by Mr. A.A. Arunashantha, Branch Manager of Batticaloa.
The Sustainability Unit organised a “Plastic Recycling Day” at the DFCC Bank Head Office on 26th September. Staff members brought discarded plastic items from their homes, in addition to plastic bottles and containers which were present at the bank premises. The collected plastic items were sent to a plastic recycling plant, and participating staff members were gifted with a DFCC branded reusable shopping bag. The event helped to raise awareness among employees about the importance of reducing consumption of plastic products and how to discard them in an environmentally friendly manner.
Mr Jegan Durairatnam was appointed to the Board of DFCC Bank PLC on 30th August 2018. Mr Durairatnam possesses extensive experience in the banking field, having been with Commercial Bank of Ceylon PLC for 36 years. He served as a Director of Commercial Bank of Ceylon PLC from April 2012 to July 2014, and as the Managing Director/CEO from July 2014 until his retirement on 26 July 2018. He has served in several other senior management positions at Commercial Bank of Ceylon PLC including Chief Operating Officer, Deputy General Manager – International, Assistant General Manager - International, and Head of Imports. Mr Durairatnam’s extensive experience covers all aspects of international trade, off-shore banking, credit, and operations. He has also held the position of Managing Director of Commercial Development Company PLC and has served as a Director on the Board of Lanka Financial Services Bureau Ltd. Mr Durairatnam holds a BSc from the University of Peradeniya and an Executive Diploma from the University of Colombo.
The Regional Development Bank, Badulla branch, organised an inter-bank cricket tournament on the 22nd of August at Vinsant Dias Stadium, Badulla. 15 teams representing the leading Banks in Badulla area took part in the full-day tournament, with DFCC Bank Badulla becoming runners-up after losing a nail biting final to SDB Badulla. Bashitha Maduwantha of Team Badulla won ‘Best Bowler of the Tournament’. Participating team members included Hashan Premathilake, Chinthaka Kumara, Shanaka Silva, Bashitha Maduwantha, Ashok Kumar, and Lahiru Cham Gagana.
DFCC Bank was honoured as one of the Top 10 Most Admired Companies in Sri Lanka at an Awards Ceremony organised in partnership by the International Chamber of Commerce, Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) Sri Lanka. Prime Minister Ranil Wickremesinghe was the Chief Guest of the event, which was also attended by CIMA President Steven Swientozielskyj and FCMA CGMA and ICC India President Jawahar Vadivelu as the Guests of Honour. The awards recognise companies not just for their financial performance but also for the value they create for their shareholders, customers, employees, and the general community. In an email sent out to staff, Mr. Royle Jansz said, “To have been accorded this honour is a testament to the dedication of the people of DFCC, both past and present. It is their attitude towards the performance of their duties, placing the customer above all, caring about the environment, their colleagues, and fellow citizens, that sets DFCC apart.”
The Asian Development Bank bestowed DFCC Bank with the ‘Leading Partner Bank in Sri Lanka’ award at its fourth annual Trade Finance Programme (TFP) Awards held on 4th September in Singapore. Attended by over 200 guests from banks and other financial institutions around the world, the TFP Awards recognised 23 leading partner banks from 15 countries – with DFCC Bank being the only bank from Sri Lanka awarded at the ceremony. The TFP Awards were held on the first day of the Global Trade Review's annual conference in Singapore, GTR Asia Trade and Treasury Week 2018, one of Asia’s leading trade finance conferences.
45 staff members qualified for the CEOs Club in Q2 and were invited to a felicitation reception and dinner with Mr. Lakshman Silva and Mr. Pankaj Banerjee at the Hilton Colombo Residencies. The Gampola branch was the first to produce six qualifiers for the Q2 awards.
Congratulations to everyone who made the CEOs Club!
For the month of September, the Call Centre team launched an International Peace Day theme, decorating the department with the peace symbol, colours of the rainbow, and white Poppy.
The theme was selected to strengthen the ideals of peace and unity, recognising the diversity within the department, and that it should not affect the professional services provided to the customer.
DFCC Bank inaugurated its newest branch in Ruwanwella, continuing its branch expansion drive in the southern and western provinces. Residents of Ruwanwella can now avail DFCC’s full range of development and commercial banking products and services, backed by excellent customer service and exciting promotions. Mr. Lakshman Silva was present at the inauguration held on 20th September, along with senior representatives, staff from the Bank, and well-wishers from the local community.
The new branch at Ruwanwella is located at 183, Avissawella Road, Ruwanwella, and can be contacted via telephone on 0362268770 and 0362267775, or via fax on 0362267677.
DFCC Bank PLC and Diesel and Motor Engineering PLC (DIMO) entered into a strategic tie-up to promote Leasing for TATA branded commercial vehicles. Mr. Vijitha Bandara – Director, DIMO represented DIMO while Mrs. Gillian Edwards – SVP, Consumer Banking and Ms. Samathri Kariyawasam - Head of General Legal represented DFCC Bank at the signing of the MOU. The promotion will run from September 19th to December 20th.
The Matara branch generated the highest Annualised New Premium (ANP) for the month of July, achieving Rs. 3.6 million, while the Vavuniya branch clinched the Bancassurance Champions League Trophy achieving an ANP of Rs. 845,268.
The Aralaganwila branch carried out a campaign at the Po/Dimbu/Medagama Maha Vidyalaya to raise awareness about the brand and Vardhana Junior accounts among students, teachers, and parents. The branch would like to thank Anton Arumugam (VP - L&TBD), Duminda Silva (AVP - RA&LS), Nuwan Medonza, Candiah Jegarajah (RM - Region-06), Regional Office team (Sukitha Munasinghe, Aravinda Jayaweera, Kalpani Baddegama, Pradeep Senevirathna), Nilantha (BDO - Dehiyathakandiya) and Kapila Dissanayake (Team Leader) for their support.
The Embilipitiya Branch organised an Art competition for the children at the Bodhiraja International Preschool in Embilipiitiya. The school’s principal praised the team for their efforts and encouraged parents to deposit funds regularly to their accounts. Embilipitiya branch manager, Pubudu S Wijayasundara, said, “This is the 4th promotion held during the year to promote Junior. We will continue to keep the momentum going and will also focus on the “Ithurum Wasanthaya” campaign and other savings accounts in the coming months. We would like to thank Nuwan Medonza and the Marketing team, and also Pavithra Dias and the Branch Operations team for the assistance provided to us.”
DFCC Bank was the principal sponsor and the official banking partner of the CNCI Achiever Awards 2018, held on the 9th of August at the Galadari Hotel. The Hon. Prime Minister Ranil Wickramasinghe was the Chief Guest at the event. The Ceylon National Chamber of Industries designed the awards to promote industrial growth in the country by recognising and rewarding industrialists who have excelled in their businesses. The awards focus on areas such as quality standards, productivity, corporate plan, research and development, employee benefits, labour relations, etc. while ensuring that social and environmental obligations are fulfilled. The ceremony was held for the 17th consecutive year and closely aligns with DFCC’s commitment to supporting industrial growth across the country.
The Kurunegala branch held a Vardhana Junior campaign aimed at Grade 5 scholarship students at Wellawa Central College. The team organised a Special scholarship seminar with a reputed guest lecturer, Mr. Sanjeewa Mapa, Teaching Advisor of Maho region, and over 233 students attended from the school.
In partnership with AIA, the DFCC Bancassurance team held a special training programme for clients’ wives in Matara on the 26th of July at the Solis Hotel, Matara. Mr. Indika Krishantha Perera of The Skills Syndicate conducted the programme, touching on areas such as understanding the human mechanism, life of a female – an aesthetic approach, difference between males and females, financial and general upkeep in a household, caring for the well-being of spouse and family, keeping family and social relationships healthy, appropriate career planning for offspring and hobbies, and rituals and spirituality in family life.
The latest Sahaya Hamuwa programme organised by the Akuressa branch was held at the Uruwala Tea Factory on the 3rd of August. The programme was hosted by Mr. Migara Hadunge – Regional Manager, CBSL, who spoke on Entrepreneurship and Financial Literacy. The function was attended by over 155 participants.
The second Rewarding Excellence Ceremony of 2018 was held at DFCC Bank’s Auditorium. Nominations received from staff are reviewed and selected by a cross-functional panel. A newly appointed panel took over the reins from the previous panel, which had completed two years of service. The new panel comprises of Vidarsha Dharmasena, Kapila Nanayakkara, Shan Heenkenda, Charitha Jayawickrama, Bathiya Alahakoon, Prasanna Premaratne, Sooriya Bandara and Amanthi Dahanayaka.
The event was attended by DFCC Bank Chairman Mr. Royle Jansz and members of the board, Mr. T. Dharmarajah and Mr. Mayura Fernando, together with Mr. Lakshman Silva, Mr. Thimal Perera, senior management, awardees, their families, and staff members.
The Hambantota team celebrated the branch’s 5th year anniversary on the 14th of August. In addition to celebrations at the branch, the team also visited the "Sarana Anda Wadihiti Niwasaya" in Ambalantota to spend time with the blind senior residents over evening tea, and donated pocket radios.
An Executive Development programme, sponsored by AIA Insurance, was conducted over a five-month period at the Postgraduate Institute of Management (PIM). The opportunity to participate in the programme was provided to 35 Branch Managers across the country.
The programme covers aspects including personal excellence, effective communication, public relations and negotiation skills, strategic management and best practices in management. The programme adopted an interactive learning approach, including lecture presentations, case analysis, group presentations and discussions, video assignments, and weekly learning diaries.
As part of the progress evaluation of participants, group presentations were conducted for DFCC management on practical concerns pertaining to the Bank on the 18th of August at the DFCC Auditorium. The participants expressed their satisfaction with the learning and exposure they received.
An Outbound Training programme was organised by the DFCC REDS Committee on the 4th and 5th of August for 30 ETs and ARMs who recently joined the Bank. The programme was held at Kalutara Training Centre and included activities such as a nail game, lava crossing, key punch, yoga session, raft building, and sailing. The programme aimed to build team spirit, develop leadership skills, and enhance team collaboration, as well as provide the new recruits the opportunity to interact with their colleagues and get to know each other.
Together with Seylan Bank, DFCC Bank recently arranged a syndicated credit facility for Home Lands Skyline (Pvt) Ltd, a leading real estate developer in Sri Lanka. Seylan Bank was the major lending party financing Rs. 1 billion in Loan Capital.
Home Lands Skyline (Pvt) Ltd expects to use the financing to accelerate construction of their recently launched project, the Ariyana Resort Apartment Complex, Sri Lanka’s first ever Resort Apartment Complex.
DFCC Bank participated at the Clean Technology Fair 2018 held on the 30th of June at the BMICH. Organised by the National Cleaner Production Centre of Sri Lanka, the exhibition extensively featured Sri Lanka’s eco-friendly entrepreneurs. DFCC was present at the event with a specially designed stall, and the team received many leads for SME lending and consumer and liability products.
A Product Assessment for the sales force was conducted on the 23rd of June at the Auditorium, aimed at enhancing the team’s knowledge and building a strong sales team. The inaugural assessment, which was attended by 87 staff members, included questions on asset products, liability products, alternate channels, and credit cards. Product refresher sessions on DFCC iConnect and Loans were conducted towards the end of the programme.
Kisal Cooray (Marketing), Roshan Fernando (Channels and Operations) and Charith Perera (Ja-ela Branch) represented the national Basketball team, which emerged champions at the South Asian Basketball Championship 2018, held in Dhaka, Bangladesh.
The final was played against the Maldives, with a final score of 82-57.
DFCC Bank commemorated World Environment Day with a tree planting campaign at Dedigamuwa Kanishta Vidyalaya in Ranala. DFCC’s Sustainability Unit planted 50 fruit trees with the students of the school and the Community Projects team organised the donation of agricultural and gardening equipment to enable the students to continue nurturing the planted fruit trees.
The event was attended by Dedigamuwa Kanishta Vidyalaya’s entire staff, all 300 students, and most of the students’ parents. DFCC Bank CEO Mr. Lakshman Silva said, “This World Environment Day, we are very pleased to have had the chance to give back to the planet and do our part as responsible corporate citizens, by hosting a tree planting campaign at Dedigamuwa Kanishta Vidyalaya. We recognize the value of teaching our youth, the importance of conserving our environment and natural resources, and we hope that this initiative will inspire and encourage the students of the school to become more involved in environmentally friendly practices and activities.”
The Corporate Banking team hosted corporate clients at their Annual Trade event with an evening of cocktails at DFCC Bank's Auditorium. The event served as an appreciation of the loyal patronage of corporate clients who have supported the Bank over the years. Chairman Mr. Royle Jansz, CEO Mr. Lakshman Silva, DCEO Mr. Thimal Perera, and senior management attended the event.
Clients attending the event were introduced to DFCC iConnect, DFCC's state-of-the-art Payments and Cash Management Solution, with Senior Cash Management and Customer Servicing Manager Sheron Mendis explaining its benefits with a presentation and demonstration of the system.
DFCC Bank expanded its branch network with the opening of a new branch in Marawila on Thursday the 5th of July. The new branch was ceremonially declared open by CEO Mr. Lakshman Silva. The branch is located at No: 293, Negombo Road, Marawila and can be reached at 0322 250313/0322 250306 or Fax 0322 250308.
In an effort to drive CASA and increase the number of acquisitions, the Trincomalee branch recently held two programmes in support of this mission.
Building upon the success of last year, the branch organised a Vardhana Junior Scholarship seminar for the second time at St. Mary’s Church - Alai Osai Auditorium. The seminar saw over 350 students coached in preparation for the upcoming exams based on free model papers prepared by leading consultants in Colombo. The DFCC brand was actively promoted at the seminar, which saw 170 Junior Accounts opened.
The latest Sahaya Hamuwa Programme was held in Galewala last Friday to promote Small and Medium Business Loans among the area’s business community. With approximately 75 potential clients participating in the programme, the audience mainly consisted of Ginger cultivators. The programme was fully funded by the Central Bank of Sri Lanka, with Mr. Rohitha Abeykoon, Senior Assistant Director of the Central Bank of Sri Lanka, serving as the guest speaker at the programme, speaking on entrepreneurship and financial literacy.
DFCC Bank was awarded a Certificate of Merit for Outstanding Sustainable Project Financing at the Global Sustainable Finance Awards 2018 in Karlsruhe, Germany. The award recognises DFCC’s success in financing Micro, Small and Medium Enterprises (MSMEs).
Senior Vice President (Branch Banking) Bathiya Alahakoon received the award on behalf of the Bank, who also made a presentation on “Financing Enterprises for a Sustainable Sri Lanka”. The Conference was attended by over 100 delegates from over 30 organisations in Asia, Africa, and Europe.
SYNAPSYS Ltd, an IT solutions provider and subsidiary of DFCC Bank, achieved the 2nd Runner-up position in the Best Product Innovation Category at the SLASSCOM Innovation Summit and Awards 2018 held recently. The Sri Lanka Association of Software & Service Companies (SLASSCOM) held the Innovation Summit to recognise innovation and increase Sri Lanka’s visibility in the GII rankings. SYNAPSYS received the award in recognition of their efforts in developing Rapidex Remittance and Mobile Wallet, currently implemented at DFCC Bank under the brand names “Lanka Money Transfer” and “DFCC Virtual Wallet”.
The Kaduwela branch held a motivational session for the O/L students of Munidasa Kumaratunga Vidyalaya on the 29th of June. Renowned motivational speaker, Bhathiya Arthanayake, served as the speaker at the successful session.
A Junior Accounts Campaign was held by the Aralaganwila branch at the Po/Vilayaya C.C. on the 9th of July, with a focus on junior account acquisitions and raising brand awareness. The campaign generated 75 leads for Vardhana Junior, and other products were also cross-sold to teachers, students, and their parents.
The team thanks Anton Arumugam, Duminda Silva, Nuwan Medonza, Candiah Jegarajah, Sukitha Munasinghe, Aravinda Jayaweera, Kalpani Baddegama, Pradeep Seneviratna and Kapila Dissanayaka for their support.
Around 500 packets of Highland milk were distributed by the Chunnakam branch to devotees who gathered at Mayilani Murugan Kovil during the Kumbabishekam held on the 25th of June. Kumbabishekam is a Hindu temple ritual that is believed to homogenise, synergise and unite the mystic powers of the deity. The gesture was greatly appreciated by the devotees.
At the CSE Masterminds Quiz organised by the Colombo Stock Exchange, DFCC Bank placed 2nd overall and 1st in the Banking sector, winning a cash prize of Rs 75,000. DFCC was also the Silver sponsor of this event.
The event saw 46 teams participate, with Lanka Securities winning overall, and the London Stock Exchange (Sri Lanka) team placing third. The DFCC team was represented by Channa Dayaratne, Charith Rodirigo, Vino Ramasamy and Nalin Karunatileka. The team wishes to thank the Bank, especially the HR team for the support extended.
The Team Leaders of the Core Values Regional Championship initiative met with CEO, DCEO and some of the senior management to present new initiatives and strategies they had identified for implementation. The initiatives are linked with encouraging and personifying the Bank’s core values across the regions.
The Sustainability Unit held a tree planting campaign on the Colombo–Matara Highway between the Kahathuduwa and Gelanigama interchanges on 14th July. The initiative was a collaboration with Reforest Sri Lanka and the Road Development Authority for staff celebrating their birthdays in April and May, and 300 trees were planted. DFCC Bank has undertaken to maintain the trees for a period of one year. The Sustainability Unit wishes to thank DFCC Staff and their families who participated.
The Baddegama branch partnered with Christchurch Girl’s school as the sole banking sponsor of their school education exhibition. The event was held over four days and attended by over 8,000 people. The team conducted an Art Competition and Folk Singing Competition during the programme, and carried out a leadership programme for the school’s prefect board.
The Batticaloa team organised a social awareness programme for members of the community in Kokkadicholai on how to develop a business with DFCC Bank and the importance of saving from childhood.
Quarterly Statements in PDF format
A series of online videos featuring DFCC Senior Management are now available on the DFCC Bank website. The videos include a video of Mr. Lakshman Silva – CEO, Mr. Thimal Perera – DCEO, and Ms. Anomie Withana – EVP/Company Secretary/Secretary to the Board, discussing different aspects of the Bank to familarise stakeholders and the general public with the Bank and its operations.
A pioneer of FinTech solutions in the banking industry, DFCC Bank has launched DFCC iConnect, a fully integrated Payments and Cash Management (PCM) system. The system aims to deliver a superior experience to businesses of all sizes, from small and mid-sized businesses to enterprise businesses.
The innovative solution, developed by AurionPro, a global technology solutions leader, empowers DFCC Bank’s business clients with access to their account transaction information from anywhere on the globe, and provides enhanced security features that enable users to view their account balances in real-time, make local/cross border payments and choose the best solution for collection possible at the click of a button.
DFCC Bank CEO Mr. Lakshman Silva said, “One of our main objectives that drive us is that we want to give our customers the financial tools they need to improve their lives/businesses where they can capitalise on these capabilities and ‘Keep Growing’.”
The DFCC Bank Kattankudy branch organised an Ifthar on the 6th of June at the branch premises for 50 current and potential clients. The Regional Manager and Batticaloa branch manager were also present at the occasion.
DFCC Bank celebrated World Environment Day on 5th June with a tree planting campaign and donating agricultural / garden equipment to the Dedigamuwa Kanishta Vidyalaya in Ranala.
The Sustainability Unit planted 50 fruit trees at the school premises with the active participation of teachers, school children, and their parents. The DFCC Community projects team organised for the donation of agricultural/garden equipment to be made to the school. DFCC Bank officials also visited the Korathota Somananda School in Athurugiriya to inspect the trees planted last year by the Sustainability Unit to commemorate World Environment Day.
DFCC Bank opened its latest fully-fledged branch at Eppawala on 21st June. With Eppawala’s growing importance, the inauguration of the new branch marks a new chapter for current and potential customers. The inauguration was attended by CEO Mr. Lakshman Silva and senior management and staff of the bank, as well as well-wishers from the vicinity of the new branch.
DFCC Bank’s new Eppawala branch is located at No:137, Thalawa Road, and contacted on telephone numbers 0252249900,0252249772 or by fax on 0252249773.
DFCC Bank launched a new leasing campaign to attract first time car buyers through TV, Radio, Press, and Cinema. The theme of the campaign is based on the concept of “Now’s the Time”, highlighting real life situations where young individuals and families are encouraged to think about buying their first car, while promoting DFCC Bank as being the best banking partner for the purpose.
Quarterly Statements in PDF format
DFCC Bank recently held a ceremony for the launch of “Randalu”, the new Micro Loan scheme for tea smallholders, at Galapidihenna Tea Factory, Rathnapura. The new scheme enables tea smallholders to obtain loans within two days of placing their request.
The launch event was attended by Mr. Saman Upasena, Managing Director - KDU Group and Mr. Bathiya Alahakoon, SVP - Branch Banking, Mr. Denver Lewis, VP – Payments & Digital Channels. KDU Group and the Ratnapura branch jointly organised the event which was attended by supervisors of KDU factories in Ratnapura and several tea smallholders.
DFCC Bank relaunched its range of DFCC Credit Cards, offering 1% CashBack on every swipe – a first in the Sri Lankan banking sector. The DFCC Credit Cards reward cardholders with 1% CashBack credited back to a DFCC account of their choosing.
Call the 24-hour customer service hotline on (011) 2 350 000 to find out more information.
The Malabe branch won the Bancassurance Champions League Award in February, having achieved an Annualised New Premium (ANP) of Rs. 5,056,370. Malabe Branch Manager Nevaan De Silva was presented the trophy by CEO Mr. Lakshman Silva.
The Ambalantota branch recently celebrated its first anniversary by organising lunch for a group of differently-abled children at the Sithijaya Children Home, Ambalantota.
The staff of Region 4 was recently given the opportunity to participate in a Bank-sponsored hike to Rassagala in Dolosbage. The nature loving staff members trekked through tea estates, valleys, mountainous terrain, and forests, and enjoyed wonderful vistas at the top of Rassagala.
DFCC Bank is the Exclusive Banking Partner and Platinum Sponsor for a full-day programme conducted by Harvard Professor Boris Groysberg on 24 April 2018 at the Oak Room, Cinnamon Grand. The programme, “Best of Harvard for Sri Lankan CEOs and their Executive Teams”, shares the secrets of success of world-class business leaders and the skills needed for great leadership. 26 handpicked key talents from the Bank will participate in the programme to acquire new perspectives and the tools to lead more effectively.
DFCC Bank relaunched their Credit Card range at a special launch event held on 28 March at the Cinnamon Grand, Colombo. The event was attended by a large gathering of clients, prominent personalities, Directors, CEOs, top executives, and business leaders of the industry. The credit cards offer 1% cash back on every swipe, a first in the Sri Lankan banking sector. To apply for your own DFCC Credit Card, call the 24-hour customer contact centre on 011 2 350 000.
The DFCC Bancassurance Team organised the AIA On-boarding event on 6 April 2018 at the Grand Ballroom, Goldi Sands Hotel, Negombo. The event aimed to familiarize AIA Bancassurance operations and products among the Region 5 staff, and was attended by Pradeep Ariyarathne - RM 5, Sajith Silva - VP/Head Banacassurance and DFCC Region 5 branch and office staff with their management representing DFCC Bank, while Piyal Hewapathirana - AGM Banacassurance and his team represented AIA.
DFCC Bank released the Annual Report 2017, under the theme "Bank for the Times". DFCC Bank is the “Bank for the Times” because it is agile, responsive, and powering ahead on a foundation of capital strength supported by its four pillars: employees, financial technology, franchise, and the mindset of being a pioneer, pathfinder, and trailblazer.
The report is available as a concise report in print and on CD, as a comprehensive report accessible online at http://dfcc2017.annualreports.lk, and as a condensed annual snapshot in print and PDF format.
Click on the following links to view the DFCC Bank Annual Report and messages by the Chairman and CEO:
PDF format: http://www.dfcc.lk/images/pdf/DFCC_Annual_Report_2017.pdf
Online Annual Report: http://dfcc2017.annualreports.lk/
Message from the Chairman: https://www.youtube.com/watch?v=u_TGj5UDtoE
Message from the CEO: https://www.youtube.com/watch?v=tU_vKGbueWo
DFCC Bank is proudly continuining its “Samata English” CSR project, as part of its commitment to impart essential life skills and knowledge amongst the public. The programme delivered impressive results in its inaugural year in 2017, and the second phase kicked off last week at the Kurunegala and Galle branches with the participation of DFCC Bank officials, selected students, their parents, and representatives from Gateway Language Centre. 30 students registered for the programme in Kurenegala and 25 students in Galle.
The Kegalle, Nikaweratiya, and Galle branches organised and held three “Vardhana Sahaya Hamuwa” programmes during the last week. The programme focuses on increasing the financial literacy and financial management abilities of the MSME sector, in addition to the financial services offered.
Over 70 potential customers participated in the event, and 38 Savings Accounts were opened, with 20 customers expressing interest in signing up for MSME Loans.
Over 130 potential customers participated in the event, and 35 Savings Accounts were opened with 40 more accounts expected to be opened soon. 40 customers expressed their interest in signing up for MSME Loans.
Over 81 potential customers participated in the event, with 43 Savings Accounts being opened and 50 customers expressing their interest in signing up for MSME Loans.
The Ja Ela branch MSME Unit organised and held an MSME loyalty programme on 22 February 2018 at The Kitchen Main Hall - Ja Ela, with the objective of advising MSME clients in the area about DFCC’s products (MSME Loans/Savings Accounts). 25 participants attended the programme and it is expected that the programme will further improve new business opportunities.
The MSME Unit arranged another loyalty programme at the Lucky Tea Factory on 28 February 2018 and was attended by 45 people. 25 new Savings Accounts were opened and 30 inquiries made into MSME loans.
The team will conduct the programme at other tea factories, including:
DFCC Bank further expanded the branch network across the country, opening a new fully-fledged branch in Urubokka on 9 March 2018. Situated on Kotapola Mulatiyana Road, Urubokka, the branch offers convenience to area residents with extended weekend banking on Sundays from 9 AM to 1 PM, with access to retail banking products and services. CEO Mr Lakshma Silva conducted the inauguration of the branch in the presence of senior management and other Bank officials.
Aimed at the senior leadership of the Bank, a leadership programme was conducted from 3 – 5 March 2018 at Pegasus Hotel, Wattala. Discussions with the training provider and senior management helped to structure the residential programme, which was conducted by Bridge Partnership, a Singapore-based training provider specialising in leadership training and coaching targeting senior executives. 23 senior staff participated in the programme.
The Matara branch organised and held the “Vardhana Sahaya Hamuwa” Programme in Morawaka recently, with a primary focus on increasing the financial literacy and financial management abilities of the MSME sector, in addition to raising awareness of the financial services offered by the Bank.
Over 150 potential customers took part at the event, with 70 Savings Accounts being opened and 40 customers expressing interest in signing up for MSME Loans.
The DFCC Bancassurance Team, together with Region 1 and AIA, recently organised and held a Health Forum at the Oak Ray Regency, Kandy. The event aimed to spur customer engagement and raise awareness on non-communicable diseases among select top customers of Region 4.
The Group Internal Audit Department recently held a special knowledge sharing session for Region 6 staff at the Siyanco Holiday Resort in Polonnaruwa. The programme focused on sharing common audit findings in the region and identifying their root causes. A discussion was held to identify possible plans of action to minimise the occurrence of these findings in an effort to achieve a Low risk audit rating. The programme was attended by Ms. Charitha Jayawickrama VP - Internal Audit and the Audit Team, Mr. Candiah Jegarajah - Regional Manager- Region 6, Branch Managers, and Officers of the Region.
DFCC Bank is pleased to be associated with The Ceylon National Chamber of Industries as the official banking partner for the 17th CNCI Achiever Awards 2018, to be held in August this year. It marks the first time that DFCC Bank has sponsored and event that recognizes and rewards excellence in Sri Lankan industries.
DFCC and CNCI officially signed an MOU for the partnership at the DFCC Head Office recently. An official launch and media briefing was held on 15 March 2018 at the Liberty Ballroom, Hotel Ramada, Colombo, with the participation of senior officials from CNCI, DFCC Bank, and the judging committee.
DFCC Bank held the first Rewarding Excellence Awards Ceremony for 2018 at the DFCC Bank Head Office Auditorium on 14 March 2018. The event recognises staff members who performed exceptionally during the first quarter. The Bank recently introduced the Rewarding Excellence scheme to encourage and appreciate employees who go the distance and perform above and beyond their expected levels of duty. The ceremomy was attended by Chairman Mr Royle Jansz, Director Mr K.P. Cooray, Director Ms V.J.Senaratne, Director Ms. L K A H Fernando, CEO Mr Lakshman Silva, DCEO Mr. Thimal Perera, senior management, awardees, and staff members.
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.
Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31st December 2017 with a profit before tax of LKR 5,792 million a growth of 31% and profit after tax of LKR 4,415 million a growth of 34% over the year ended 31st December 2016.Read more
An Extraordinary General Meeting was held recently for the purpose of obtaining the approval of the shareholders, by way of a Special Resolution, for the issuance of a maximum of 70,000,000 Listed Rated Unsecured Subordinated Redeemable Debentures of Rs 100/- each with a term of up to 7 years, complaint with BASEL III requirements.
DFCC Bank opened a new branch at Nivithigala thereby growing their network to 138 fully-fledged branches across the country. Centrally located at Ratnapura Road, Nivithigala, the newest branch will boast weekend banking on Saturdays from 1 am to 9 pm, offering convenience for residents in the area to access retail banking products and services even on weekends. The CEO of DFCC Bank, Lakshman Silva, performed the formal inauguration ritual on the momentous occasion and the branch opening was conducted in the customary manner in presence of senior management of DFCC Bank, the staff of the new Nivithigala branch and a warm gathering of loyal customers and well-wishers.
DFCC Bank became the first bank in Sri Lanka to partner with the National Eye Bank (NEB) in conducting a successful Eye Donation Campaign, which resulted in 300 donors comprising of DFCC staff and the general public pledging their eyes to the cause of alleviating corneal blindness.
Persevering in its mission to inculcate the savings habit amongst the nation’s population, DFCC Bank yet again introduces an exciting New Year campaign named ‘DFCC Season of Gifts’ for customers to secure their financial future by opening savings accounts with DFCC Bank.
With an eye on children’s academic future, the Bank offered cash vouchers of Rs. 2500/- plus stationary packs for Vardhana Junior kids savings accounts opened on the first two days in January.
Fitch Ratings have revised DFCC’s outlook for both its International and National Long Term Ratings to “Stable” from “Negative” while affirming the ratings at B+ and AA- respectively.
The rating agency said that this outlook revision reflects their view that adverse effects on the bank’s credit profile from increasing risks in the domestic operating environment previously expected have reduced.
DFCC's Viability Rating and the National Long-Term Rating capture its developing commercial banking franchise and still-high capitalisation levels relative to the peers.
DFCC Bank embarked on far-reaching tree planting sustainability measures during the current year which have been commended by Reforest Sri Lanka, with whom the Bank collaborated to plant endemic and native species of trees. A non-profit society committed to protect and extend the forest cover in Sri Lanka, Reforest Sri Lanka has specifically mentioned the extensive commitment of funds and volunteers that DFCC Bank has committed to this cause. This project was conducted as part of the commemorative staff tree-planting campaign launched this year to reforest key areas across the island, whilst giving back to society at large
S&P Global Ratings revised its credit rating outlook for DFCC Bank from negative to stable, while affirming 'B' long-term and 'B' short-term issuer credit ratings on the bank. In its assessment of DFCC's business position, the Bank is projected to maintain its satisfactory market position and business stability over the next 12-18 months.
The stable rating reflects the rating agency’s confidence in the financial institution’s ability to navigate operating conditions in Sri Lanka and maintain its financial profile in the coming months. At the same time, it has affirmed its 'B' long-term and 'B' short-term issuer credit ratings on DFCC Bank while affirming its senior unsecured debt ratings on the bank.
DFCC Bank agreed to take up the Joint Title Sponsorship of the 2017 Inter School Golf Tournament, conducted by the Royal Colombo Golf Club (RCGC). The MoU for sponsorship was recently signed between the DFCC Bank and the Royal Colombo Golf Club. DFCC Bank has been a proud sponsor of sporting events in Sri Lanka since its inception in 1955, and believes that sports brings people together, to work and grow together – core beliefs in DFCC Bank’s own philosophy for growth.
DFCC Bank held its ‘Rewarding Excellence’ Quarterly Human Resource (HR) Awards recently amidst a strong mood of fellowship and corporate pride. The event was attended by Members of the Board, senior management, awardees and staff members. The eagerly anticipated final award ceremony for the year was held at the DFCC Bank Head Office Auditorium on 23rd November 2017, to recognize and reward staff members who performed exceptionally well in the third quarter of the financial year. The Rewarding Excellence scheme was introduced to encourage and appreciate its employees who go the distance and perform above and beyond the call of duty. DFCC has earned a strong reputation for the quality of its people, having moulded some of the best banking professionals in the country. The Bank values not only their professional achievements but also outstanding effort in other areas of corporate life.
DFCC Bank, joined hands with the Fairway Galle Literary Festival 2018, as the event’s official banking partner. The partnership is part of the bank’s long-term commitment to supporting events that uplift the arts and literature in Sri Lanka whilst raising the profile of the island as a creative hub in the international arena. The sponsorship will also help to highlight the Bank’s growing presence in the southern region, one of its key areas for growth and expansion.
DFCC Bank secured USD 30 million in funding from BlueOrchard, a leading global impact investment manager, following an agreement signed between the management of both organizations. The funds will be used to increase the levels of lending that the bank offers SMEs, whilst strengthening its micro-finance portfolio.
With a proven a track record of nurturing small businesses from their early stages, DFCC Bank takes pride in being one of the premier banking institutions in the country that promotes and supports the operations of small and medium enterprises. The bank has also set up a special unit dedicated to Micro and Small Medium Enterprises (MSME) and endeavours to fulfil the unique requirements of these businesses by providing them with customized financial and banking solutions.
Expanding its reach across the country, DFCC Bank opened its second fully-fledged branch in Matara. The new branch will be known as DFCC Bank’s ‘Matara City Branch’.
The branch was ceremonially inaugurated by Lakshman Silva, CEO - DFCC Bank, together with senior management of DFCC Bank, the branch staff and a large gathering of loyal customers and local well-wishers.
DFCC Bank PLC launched “DFCC Premier Go”, the first ever premier banking app in the industry, exclusively for its Premier customers, at a special launch event held on November 2, 2017 at DFCC Bank’s Executive Lounge.
DFCC Premier Go is yet another revolutionary feature in DFCC Bank’s mobile banking platform, developed by Synapsys; DFCC’s Fintech subsidiary that has been at the forefront of digital innovations in the banking industry having developed products such as the Vardhana Virtual Wallet which was launched last year.
The unique feature of the Premier Go App is that it enables customers to contact their Relationship Manager at the click of a button via video conferencing. In the event that a face-to-face meeting is required, this App can assist with scheduling appointments with the Relationship Manager at a time convenient to the customer. They are also able to chat with the Relationship Manager and leave messages for follow-up after working hours, providing them with access to DFCC Banking services anytime and anywhere in the world.
DFCC Bank recorded growth across all its income segments, with a 31% increase in operating income year-on-year. The Bank’s net interest income rose by 32%, to LKR 8,228 Mn buoyed by improvements to the net interest margin from 3.3% in December 2016 to 3.6% by September 2017. In addition, the Bank’s net fee and commission income grew by 17% to LKR 1,110 Mn complemented by the growth in business volumes.Read more
The Kahawatta Branch played host to the second Vardhana Sahaya Hamuwa programme recently.
Guest speaker Mr. Dilhan De Silva, Senior Assistant Director of the Central Bank of Sri Lanka presented to over 50 potential clients who attended the programme.
Vardhana Sahaya Hamuwa is a specially designed programme targeting potential MSME clients, with a focus on educating them on how to become good entrepreneurs in their sectors.
DFCC REDS, in collaboration with the National Blood Centre, organised a blood donation campaign under the theme “Share a Little” on September 14th at the DFCC Bank Auditorium.
Staff members from the Head Office, Ramanayake Mawatha and other branches in Colombo volunteered to donate blood, resulting in 57 collections.
The REDS Committee 2017 wishes to thank each and everyone who supported in making this initiative a success.
DFCC Bank conducted an English Education programme as a pilot project in the Gampaha and Kalutara areas. Together with Winner International, an institution specialised in teaching Spoken English to youth, the Bank targeted youth between the ages of 16-22. The programmed aimed to teach them Spoken English and equip them with a basic knowledge of English required to enter the workforce.
Approcimately 45 youths participated in the course carried out at the Kalutara and Gampaha branches from April to August. 70% of the students who sat for the final assessment scored over 60 marks.
The Bank held a Graduation Ceremony on the 23rd of September at the DFCC Bank Auditorium in recognition of the achievements of the participants. The Bank plans to extend the programme to other areas across the country in the coming months.
DFCC Bank opened its newest branch in Morawaka at Isuru Towers, Deniyaya Road. The new branch was ceremoniously inaugurated by Mr. Lakshman Silva in the presence of bank staff and prominent civil society members from the area.
DFCC Bank organised a strategising session on September 9th at the Pegasus Reef Hotel, Wattala. The Bank’s senior staff participated in interactive discussions and focused strategy discussions for the Bank’s development in 2018-2020.
The workshop featured sessions conducted by two of the country’s financial leaders – Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka and former Deputy Governor, Dr. W. A. Wijewardena. Topics covered included the macroeconomic development plans of the Government, and the long-term economic and financial sector growth of the country.
The sessions helped the DFCC Bank team to focus on developing a future strategy for growth, expansion and consolidation in the short and medium term. The senior management is fully committed to implementing the ambitious growth plan across the Bank.
DFCC Bank participated in the Edex Job Fair held from 2nd - 3rd of September at the Sri Lanka Exhibition and Convention Centre. The event gathered companies and job seekers and connected top talent with top employers.
The DFCC stall was visited by over 500 dedicated and talented job seekers and school leavers, who were met with the opportunity to engage with staff and obtain career guidance.
The DFCC REDS Committee organised "REDS Engage 2017" on the 25th of August at the Auditorium. The annual event, attended by Chairman Mr. Royle Jansz, CEO and the senior management of the Bank, was organised to discuss ideas and suggestions presented by the REDS to improve the Bank’s operations and functions.
35 Executive Trainees and Management Trainees in teams of four presented their ideas in the areas of improving CASA, quality lending, review on Great Place to Work and value driven culture, and improving customer service.
The event also provided an opportunity for participants to engage with the senior mangement and colleagues across branches and departments.
The Bank hosted a Reception to welcome CEO Mr. Lakshman Silva at the Cinnamon Grand Hotel. The event was attended by the Bank’s long standing clients, business associates and other well wishers.
Mr. Royle Jansz proposed a toast to the continued success of DFCC’s customers, the Bank and to Mr. Lakshman Silva, and Mr. Silva pledged his commitment to steer the Bank to greater heights.
The ‘Sri Lanka Sustainable Banking Initiative (SBI) – Phase ll’ was launched at the HNB Auditorium on the 15thof August 2017.
18 banks signed the 11 Sustainable Banking Principles for Sri Lanka which were developed by a committee comprising of members of these banks in November 2015. DFCC Bank was amongst the signatories that also included Cargills Bank, Hatton National Bank, and National Development Bank.
Phase II, commencing in August 2017, will be focused on implementing the 11 principles by providing the necessary input and building capacity in terms of guidance documents, training, E-learning and case studies.
The SBI aims to create a platform where banks can work together on sustainability issues. The platform will be used to facilitate decision-making and coordinate efforts, and to increase efficiency and effectiveness while ensuring a level playing field.
Banks who are signatories to the initiative will receive the necessary inputs to implement the signed principles, and gain access to a tailor made E-Learning platform.
The primary benefit of the initiative is to contribute to sustainable development efforts for a beautiful, clean and green Sri Lanka.
Mr. Lakshman Silva lighting the traditional Oil Lamp
Ms. Manuela Marques - Senior Director (Customer Solutions) presenting a token to Mr. Lakshman Silva on his appointment as CEO.
Mr. Silva presenting Ms. Meike Goetze - Senior Environmental and Social Specialist, a token of appreciation
Over 10,000 buns were distributed by the staff of the Kandy Branch, with support from colleagues in other branches in the region, to the general public who came to watch the Kandy Perahera on the 3rd of August.
DFCC Bank participated in the Mercantile Chess Tournament held recently for the first time, and tied for sixth place in the teams category.
The Bank was represented by Chiranth Rajapakshe, Manouri Liyanage, Ovintha Gunathilake, Sandeepa Perera, Sanjeewa Subasinghe and Tikiri Thotamune.
The official DFCC Flag was revealed and hoisted for the first time on the 16th of August.
The mnemonic and the grey wings form a beautiful visual of a sunrise which depicts new beginnings, prosperity and growth with DFCC Bank.
DFCC Bank is the official banking partner for Gajaba Super Cross 2017. The event, celebrating its 16th successive year in 2017, is an annual racing championship conducted by the Gajaba Regiment of the Sri Lanka Army in collaboration with the Sri Lanka Autosports Drivers Association (SLADA) that will be held at the supercross track in Saliyapura, Anuradhapura.
The press conference was held recently and the cheque was presented to Major General Shavendra Silva, Adjutant General of the Sri Lanka Army by Mr. Thimal Perera, Deputy CEO, DFCC Bank.
DFCC Bank appointed Mr. Thimal Perera as its Deputy Chief Executive Officer on the 16th of August.
With more than two decades of experience in the financial services and banking sector locally and internationally, Mr. Perera most recently served as the Deputy General Manager of Hatton National Bank where he guided the retail and SME banking sector.
Mr. Perera has also previously worked with HSBC locally and internationally, the Commercial Bank of Qatar and Barclays Bank PLC in the United Arab Emirates.
DFCC Bank appointed Mr. Lakshman Silva as its 10th Chief Executive Officer on the 16th of August.
Mr. Silva has accumulated over 30 years of experience in the financial sector. Having commenced his professional career at the Department of Inland Revenue of Sri Lanka, he moved to the financial services industry and joined the DFCC Group in 1987. Mr. Silva previously served as DFCC Vardhana Bank’s Chief Executive Officer in 2010.
A musical event, the LMT Rhythm Show, was held in Dubai on the 4th of August, and was attended by the Sri Lankan labour community and the middle class working community in Dubai. The Sri Lanka Community Circle organised the event at Al Nasr Leisure Land which was attended by over 3,000 people. DFCC supported this initiative as the main sponsor.
DFCC Bank supported the Colombo International Tea Convention, which took place from the 8th to the 11th of August, as a Strategic Partner.
The event was attended by high level dignitaries and Government officials, over 100 foreign delegates, 500+ local participants, and approximately 44 speakers and moderators.
DFCC Bank, together with Synapsys, presented the revolutionary supplier settlement system that supports Sri Lanka’s well-established community of private tea manufacturers and tea leaf suppliers. With the supplier settlement system, supplier can have their revenues from their sales managed by a bank and be transferred directly into their bank account.
Here are some pictures from the event:
Mr. Lakshman Silva speaking at the panel discussion on Trade/ Finance
Mr. Dinesh Fernandopulle and Mr. Denver Lewis making a presentation on DFCC’s Role in the Tea Industry at the convention
The Bank recently held an on-boarding event was its Region 02 staff members at the Grand Monarch, Battaramulla, to educate them about the Bancassurance operation and products.
The event was attended by the staff of the Region 02 branch and members of the AIA managemen team.
A farewell party was held in honour of Mr. Arjun Fernando, who retired from the post of CEO on the 15th of August at the Hilton Colombo Residencies. Staff members from across the branch network were present to express their appreciation for his contribution to the Bank.
DFCC Bank recently held an awards ceremony to honour 2016's outstanding consumer banking achievers who supported the business. The awards honoured individuals and entire teams.
The bank also honoured the best customer service representatives, best volunteer, best sportsman and best award recipient from the quarterly recognition awards.
Winners of categories outside of consumer banking were selected from nominations sent in by staff members, after being evaluated by a cross-functional panel.
A cocktail reception was held after the ceremony to celebrate the achievements of over 70 award winners.
Here is the much awaited list of winners together with the picture highlights!
The DFCC Bank Trincomalee Branch successfully held the Vardhana Junior Scholarship seminar for Region 7 recenty at T/ Orr's Hill Vivekananda College. Over 650 students attended and were guided through a mock paper in preparation for the upcoming examination by an experienced panel of lecturers.
The team thanks everyone involved with the initiative for their hard work and time to make the initiative a success.
DFCC Bank formed a partnership with WebXPay to connect the bank’s customers to e-Commerce merchants, as part of its vision to enable a new paradigm in the e-Commerce-led growth of Sri Lanka.
DFCC Bank customers will be able to use their Vardhana Virtual Wallet as a payment option with WebXPay’s network of 600+ e-Commerce merchants, enabling them with more flexibility with their online payments for a wide range of goods and services, basic daily necessities, and opening up access to a wider market for e-Commerce merchants.Read More
In collaboration with ‘Reforest Sri Lanka’ and the Ministry of Highways, DFCC Bank held the seventh tree planting initiative to commemorate staff birthdays on 22nd July alongside the Colombo – Matara Highway, near the Kahathuduwa Interchange.
500 Karanda and Kumbuk trees were planted, out of which 380 were planted to commemorate staff birthdays celebrated in the months of April, May and June.
Winners of the Bancassurance General Award in the month of June were awarded trophies by Mr. Lakshman Silva.
Tharaka Wickramathunga (Premier Centre)
Congratulations to Chandramali Pragnarathna and Savanthi Kodagoda from Corporate Banking for winning the Bancassurance General Award Trophy for the month of July, achieving an income of Rs. 53,726.00.
Rachitha Priyankara from the Ampara branch came in 2nd achieving an income of Rs. 34,813.00.
The Financial Times recently reported on the DFCC Group’s excellent half year performance for 2017, with DFCC Bank’s rapid emergence as a full service commercial bank driving the Group’s strategic growth.Read more
Over 40 entrepreneurs attended the first Vardhana Sahaya Hamuwa programme held at the Balangoda branch recently as a customer acquisition initiative. In a session conducted by Mr. Dilhan De Silva, Assistant Director, Central Bank, the entrepreneurs were educated on business challenges and how to overcome them to sustain their business.
In recognition of DFCC Bank’s success in incorporating sustainability into its corporate strategy and business processes, the Bank was awarded a Certificate of Merit in the Outstanding Business Sustainability Achievement category at the Global Sustainable Finance Awards 2017 held in Karlsruhe, Germany.
Senaka Jayasinghe of the Sustainability Unit received the award on behalf of the Bank, and also conducted a presentation on Sustainability at DFCC Bank at the Global Sustainable Finance Conference on the 13th and 14th of July, which was attended by over 100 delegates from over 30 organisations across Asia, Africa and Europe.
DFCC Bank opened its newest fully-fledged branch in Tissamaharama on 20 July 2017. In recognition of the emerging economy of Southern Sri Lanka and its unique and diverse range of financial needs, the Bank will provide services to both commercial and personal banking customers in this historical and vibrant city.
Mr. Lakshman Silva opened the new branch in the presence of the Bank’s senior management, staff and customers. Tissamaharama residents now have access to convenient banking with spacious facilities, expert financial advice and the Bank’s innovative use of technology and mobile-based services. The Tissamaharama branch offers the complete range of DFCC Bank’s financial expertise to retail customers as well as corporate and SME customers.
The Human Resources and Bancassurance teams, in collaboration with AIA Insurance PLC, launched a special retirement scheme for DFCC staff.
Senior management from DFCC Bank and AIA PLC attended the launch ceremony held at the DFCC Bank Auditorium on the 7th of July. Staff members who opted for the scheme were presented their documents at the event.
The Rewarding Excellence ceremony for Q2 was held recently in recognition of exceptionally performing staff members, and was attended by members of the Board, senior management, awardees and staff members.
Families of award winners, in appreciation of the role they play in the lives of staff, were also invited to attend the ceremony.
The award winners were:
In recognition of their efforts to reduce Central Bank monthly processing fees for small note deposits.
In recognition of securing a major garment retailer in the country to register for the Vardhana Virtual Wallet.
In recognition of their efforts and sacrificing their personal time and resources to assist the bank with administrative matters.
In recognition of his active involvement in detecting and preventing the Bank from being used for money laundering purposes.
Congratulations and well done!
The Flood Relief team donated flood relief items to the Lankagama Junior Model School located off Deniyaya. Situated in a remote area, the school has 162 students from Grades 1-13, most of them from under-privileged families. The branch manager and staff of Deniyaya together with the Regional Manager – R3 visited the school and donated Rs. 1,250/- DSI vouchers, schools bags and uniforms to all 162 students on the 5th of July.
The Flood Relief team identified the needs of six schools affected by the recent floods and, with fund contributions from staff, donated shoe vouchers, school bags, uniforms and exercise books to 360 students at Mihindu Vidyalaya in Ratnapura and shoe vouchers to 181 students at Gamini Central College, Kalawana. Branch managers and staff of respective branches visited the schools to hand over the donations.
162 students of the Lankagama Junior Model School in Deniyaya will receive further donations, and the Bank will assist four schools in Deniyaya, Matara and Kalutara by providing books for their libraries, Duplo-machines, printers and furniture, all of which were damaged by the floods.
The DFCC REDS recently held their annual outbound training in Kalutara. 38 Executive Trainees and Management Trainees who recently joined the Bank participated in activities such as Aerial Roping, Raft Sailing, Kayaking, and a Yoga and Relaxation session.
The event provided an opportunity for the new recruits to interact with their colleagues and get to know each other better, while also building trust, teamwork, leadership skills and goal motivation.
An evening of fellowship for Stockbrokers was recently organised by the Margin Trading Team at the Premier Centre Lounge, in recognition of their patronage, and strengthening the Bank’s relationship with them.
Around 25 guests from five broking houses and members of DFCC’s senior management attended the event.
The Vardhana Junior Scholarship seminars commenced recently at the Welipillewa Primary School in Ganemulla, with over 300 students coached in preparation for the upcoming examination. A workshop for their parents was also conducted by specialist lecturers who shared knowledge on preparing children for the exam, parenting tips and more.
The Bank rolled out the initiative to more locations including Bandarawela, Matara, Tangalle, Kandy, Dambulla, Kurunegala and Kaduruwela.
DFCC Bank, in collaboration with the Zonal Education Offices, recently organised scholarship seminars in areas across the country aimed at students who will be sitting for the scholarship examination. The Bank will also enlist the assistance of the Past Teachers and Principals Association to maintain strict standards to enhance the overall seminar content.
A minimum of 300 students are expected to attend per seminar, and the programme will be held from 8.30 a.m. to 1.00 p.m. on specified days at the identified locations. Special workshops for parents will also be held simultaneously at the same location to help their children prepare for the examination.
DFCC Bank relaunched Vardhana Junior, strengthening its position as one of the leading minor savings products in the country by the addition of special features such as an exciting array of valuable gifts to inspire children to save for their future.
As a special offer for Grade 5 scholarship students, the Bank will award account holding students Rs.150 for every mark scored above 150 marks at the Grade 5 examinations.
DFCC Bank will also award parents who deposit a minimum of Rs. 10,000 for the year upon reaching the Rs. 50,000 tier with a stationery pack or a pair of shoes.
Annual Snapshot 2017 in PDF format
The Sustainability Unit of DFCC Bank recently held a Tree Planting campaign at the 'Korathota Sumangala Vidyalaya' in Athurugiriya. With a majority of its students coming from under-privileged familes, the 'Korathota Sumangala Vidyalaya' is a school that requires a lot of assistance. The school premises are kept clean and organised through the efforts of its Principal and staff, utilising the limited funds available to them.
DFCC Bank planted 100 fruit trees of different varieties alongside the school’s play ground with a ceremony attended by the Principal and staff, parents and students of Grades seven and eight.
Vardhana Double Winner is an unique personal loan product that offers double the benefits.
The key feature of this product is that customers can apply for a loan facility of up to 20 times their gross salary, at an attractive interest rate.
In addition, customers can obtain a cash advance of up to 90% of their salary to reap the maximum benefits from the loan.
Furthermore, on obtaining the loan, customers will also be eligible for other perks such as a complimentary debit card, eBanking services, the Vardhana Virtual Wallet and a credit card with the joining fee waived off.
DFCC Bank has re-launched Vardhana Sahanaya to help people affected by adverse weather conditions rebuild their lives in the aftermath.
The loans offered include Personal, Housing, Education and Business Loans. Going beyond providing short-term relief, the Bank is focusing its efforts on facilitating a long-term rebuilding initiative by providing individuals and enterprises affected by the floods with low-cost personal and business loans.
Individual salaried earners who have been affected by the floods will be eligible for personal loans to rebuild their damaged properties.
More information can be sought by calling the Bank hotline or visiting the nearest DFCC Branch.
DFCC Bank and Synapsys along with their partner Oracle, recently launched the Oracle Planning and Budgeting Cloud Service.
In doing so, DFCC became the first bank in the ASEAN region to implement cloud-based planning and budgeting services and the first bank in Sri Lanka to implement a product on the Oracle Cloud.
The technology will improve overall budgeting performance, refine responses to market volatility and support key operational areas of IT and Finance. It will similarly eliminate costs on hardware, tech support and upgrades.
The team that spearheaded the project from DFCC, Synapsys and Oracle
DFCC Bank recently signed a Memorandum of Understanding (MoU) with Diesel and Motor Engineering PLC (DIMO), to facilitate the leasing of TATA vehicles at an affordable price, to customers across its Branch network.
The MoU was signed by the CEOs of both organisations, at a gathering that took place at the DFCC Head Office.
DIMO is the sole authorised agent for TATA light and intermediate commercial vehicles in Sri Lanka.
Through the leasing partnership, customers can expect to benefit from discounts on selected TATA lorries, pick-ups, heavy duty trucks and buses.
L-R Sampath Kumarasinghe - DGM - TATA commercial vehicle sales, Madu Singh - Country Manager - TATA Motors, Nalinda Kurukulasooriya - GM - TATA commercial vehicle sales, Vijitha Bandara - Director DIMO, Gahanath Pandithage - Group CEO DIMO together with the DFCC team; Arjun Fernando, Lakshman Silva, Gillian Edwards, Bhathiya Alahakoon and Rasika Senaratna
At the ADFIAP awards awards night held in Macau, DFCC Bank won an award under the SME development category for setting up a specialised unit for the development of MSME’s.
Besides being a founder member of the association, DFCC has been winning awards every year for its outstanding efforts.
The Bank also offers additional business development services such as by conducting workshops and training programmes on topics like entrepreneur development, capacity building and record keeping.
In addition, DFCC Bank was recognised for being a charter member of the ADFIAP since October 1976, at the event.
Mr. Arjun Fernando receiving the Award.
The sixth tree planting initiative to commemorate staff birthdays which was scheduled for 27th May in Kottawa was postponed due to adverse weather. The date will be re-scheduled once the prevailing weather conditions improve.
The table below records the initiatives undertaken so far:
|Place held||Date held||Trees planted||Trees for Staff|
|1. Aranayake||28 January||960||160|
|2. Kaduwela||4 February||1,000||100|
|3. Jaffna||17 February||1,000||-|
|4. Duplication Road, Colombo 3 and 4||19 March||30||30|
|5. Thalawila||25 March||1,000||105|
DFCC Bank’s Roshan Fernando and Rajitha Hettiarachchchi were selected to represent Sri Lanka at the upcoming Basketball Tournaments of the South Asian Games and International Tour Champ respectively.
Also, Christie Mariathasan of DFCC Bank has been appointed by the Sri Lanka Basketball Federation as the Country Representative / Director 3X3 Development for the 3X3 Basketball Game in Sri Lanka.
The recent adverse weather conditions brought about significant hardship to the population of Sri Lanka. Many people were displaced due to the heavy rains. Thousands lost their homes and livelihoods. Many of the employees of DFCC Bank were affected as well.
DFCC Bank further initiated a three-pronged emergency relief plan focused on assisting staff, clients and the general public who have been affected.
The Akuressa Branch of the Bank, in collaboration with the Akuresse Base Hospital, also organised a medical camp at its premises to provide medical assistance for people in the local area.
The Sustainability Unit of DFCC Bank launched an e-waste collection system on the 1st of June. This was one of several initiatives launched by the Bank to commemorate World Environment Day.
The programme was initially launched at the Head Office and Nawala Branch. An e-waste bin was placed permanently at these locations for staff to conveniently dispose of related waste.
Large items that do not fit the bin can be brought to the notice of the Sustainability Unit via e-mail.
DFCC Bank participated in the Build SL - Expo 2017 exhibition recently. This is the largest Housing and Construction Exhibition in Sri Lanka. The event was held from the 26th to the 28th of May at the BMICH.
The Bank participated with the objective of promoting its range of Sandella Housing Loans.
The product being offered comes along with a complimentary fire insurance policy.
The initiative was successful, with a significant number of leads being generated.
The Corporate Banking team held their Annual Trade Cocktail at the DFCC Auditorium last Friday. This was to recognise and thank long-standing customers for their patronage of the Bank.
The Bank prides itself on sustaining close relationships with all its customers, and this event was one of many in which we further rekindle our associations.
The DFCC Annual Awards ceremony which was held recently at the BMICH, recognised the many and varied contributions that DFCC staff made throughout the year.
A full list of award winners is provided below:
All DFCC Staff members have now been provided with DFCC Bank reusable shopping Bags.
If it is assumed that each employee of the Bank uses 12 polythene bags per week for their shopping; switching to these reusable bags will save approximately 84,000 bags from going into landfills each month. This comes to a total of one million bags being saved in a year!
DFCC Bank hopes that all individuals will adopt the concept of using reusable bags.
A team of employees at the Piliyandala Branch of DFCC Bank went out of their way to aid an customer.
This was in helping the customer clear the title of the property he was bringing forward as collateral. This was a long-unresolved issue for the customer, and he was immensely grateful for the entire team’s efforts in helping him rectify the situation.
A solid working relationship has in addition been secured between the client and the Bank.
CGI Federal Inc has moved their account from a foreign bank to DFCC as of 26th April 2017, to aid in their collection of US Visa fees.
Founded in 1976, CGI is one of the largest IT and business process service providers in the world.
Commenting on this initiative, Mr. Lakshman Silva said, ‘We are honoured to have been chosen by such a large global organisation as their exclusive partner for US Visa fee collections. We are committed to delivering a superior level of service to everyone that walks into our Branches to execute their Visa payments’.
DFCC Bank has partnered with ThePapare.com to disseminate knowledge in the form of articles about rugby, in order to reach students and alumni who are interested in the sport.
The Schools Rugby League is an eagerly-awaited annual event. This year, the school rugby season has been more intense than ever, with all participating teams competing strongly.
DFCC has successfully disseminated in-depth news and analysis of the rugby season through its Know and Grow campaign by interviewing past players, coaches and educating sports enthusiasts and the public at large about the League and the Tournament.
For the first quarter ended 31 March 2017, the DFCC Group reported a consolidated profit after tax (PAT) of LKR 1,373 million, which is a growth of 42% over the LKR 970 million recorded for the equivalent period last year.
The Bank recorded a 65% growth in profit before tax (PBT) and a 45% growth in profit after tax (PAT).
Due to the timely repricing of its assets and liabilities, the interest margins of the Bank improved to 3.6% from 3.3% during the previous quarter, which contributed towards augmenting the net interest income.
The Bank launched the ‘Mobile Teller’ application, a digital banking service, in collaboration with SYNAPSYS.
This doorstep banking service is conducted by a staff representative, who accepts cash deposits in real time via a mobile device. This offers customers the option of executing cash deposits at a location of their choice situated within 10 kilometres of a Branch that offers the service.
The service is simple to use and does not require any registration. The user will need to inform the Bank of the requirement at a prearranged time.
The DFCC annual Avurudu Pola was held recently with much fanfare. This utilised both the Bank’s Auditorium and external premises at a church.
Stalls were erected with vendors selling items ranging from clothes, jewelry, and books to delicacies and pet-related items. The most popular stall was the stall selling isso wade (batter-fried prawn cakes); which encountered some impressive queues!
DFCC Community Projects recently wrapped up its one-week drive in collecting newspapers and selling the items for a worthy cause. The proceeds of the collection, along with contributions from the Bank, will go towards issuing each of the Bank’s employees with a durable and eco-friendly shopping bag. This will contribute to lessening the Bank’s dependence on plastic shopping bags.
The Bank would further like to thank all Branches and departments who actively took part in this initiative, which will contribute towards reducing the carbon footprint of the Bank as well.
DFCC Bank recently took part in the career fair held by the University of Colombo. This was with the intention of looking for high-potential candidates for recruitment and also to provide guidance to graduates in terms of career advice and interview preparation tips.
The event was a marked success.The DFCC stall saw a significant turnout, with a long list of potential candidates who wished to be interviewed by our panelists.
The Rewarding Excellence Ceremony for the first quarter of DFCC Bank’s operations was conducted in April 2017. The event was held under the patronage of members of the Board, senior management, and members of the staff.
The Chairman of DFCC Bank, Mr. Royle Jansz, thanked all laureates for their contributions and wished them continued success ahead. The CEO of DFCC Bank, Mr. Arjun Fernando, echoed these sentiments and felicitated the HR team of the Bank for their efforts in motivating staff and organising the Awards ceremony.
The awards handed out were as follows:
In line with its strategy to rapidly expand and reach all corners of the island, DFCC Bank inaugurated two new branches at Ambalantota and Wattegama. The branches were declared open by Mr. Lakshman Silva, in the presence of senior representatives and staff from the Bank and representatives from the local community.
DFCC’s new Ambalantota branch is located at No. 94, Main Street, Ambalantota and the Wattegama branch is located at No. 136, Kandy Road, Wattegama.
The AIA Bancassurance Achievers Awards Ceremony was held on the 24th of March at Cinnamon Lakeside, Colombo. This was to recognise the best Branch performers in 2016.The Kotahena branch of DFCC Bank was awarded the top spot, with the Galle and Batticaloa Branches ranking at second and third place respectively.
In a recent article by the Financial Times, DFCC Bank’s Annual Report 2016 was signalled out for its excellence in reporting, with the Bank’s direct, succinct approach receiving much praise.
The article equally commended our commitment to utilising multiple channels of information to communicate with stakeholders. In doing so, DFCC Bank ensures that the best medium is being used to address the intended audience.
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DFCC Bank PLC’s 61st Annual General Meeting was held on 30th March 2017 at Cinnamon Lakeside, Colombo.
Over 200 shareholders attended the event and the resolutions proposed by the Board of Directors were unanimously approved.
The shareholders especially commended the Bank’s performance in the preceding year as well as the concept, look and feel of the Annual Report for the corresponding period.
‘Congratulations on a very innovative concept for the Annual Report. I thought it was very unique to portray DFCC’s Journey on the cover page of the book’, commented one attendee.
‘Congratulations on doing an annual report that is very concise and easy to carry around in comparison to traditional annual reports’, added another participant.
A felicitation party was held to congratulate and recognise members of the DFCC team who had gone beyond their recognised roles to participate in clubs and committees, train and interview candidates and represent the Bank at various miscellaneous activities conducted throughout the year.
The party was conducted at the DFCC Head Office premises with the attendance of the Board of Directors and Senior Management.
It was a memorable evening with good food and music featuring a live band.
Photo opportunities were also arranged for the various committees and teams. The DFCC theme song was sung in English, Sinhala and Tamil.
We, at DFCC Bank, are indebted to the staff members who contribute immensely in making DFCC Bank a ‘Great Place to Work’, and thank them profoundly for their continued support and efforts.
The Bank’s CSR Committee was formed with the objective of nurturing a working culture that honours social responsibility.
The Committee continually encourages staff members to take part in their initiatives. Together, they are instrumental in transforming and uplifting communities for the benefit of all.
The Committee is formed of Tikiri Thotamune, Shanya Pandithakoralage, Senaka Jayasinghe, Pradeepan Sivalingam, Sareeka Gunatunga, Gayathri Sivayoganathan and Rachitha Dayaratne.
In December 2016, the Committee obtained toys, books and stationery for the children at Learning Tree Montessori in Mount Lavinia; which educates children from disadvantaged backgrounds. The school functions on donations made by sponsors and the public, and greatly appreciated the items that were gifted to them.
The Committee is actively looking for other charities that require help and support.
To further spread the Christmas spirit, the DFCC Toastmasters organised an evening of Christmas carols on our premises on the 19th of December. This was an inaugural event, and showed widespread participation; to include the Chairman and members of the Board. The choir sang a variety of Christmas classics, and the event concluded with a sing-along that saw the participation of all.
Mr. Arjun Fernando, CEO DFCC Bank receiving the award from Hon. Minister Ravi Karunanayake. Also in the picture are Hon. Minister Sagala Ratnayaka and Hon. Minister Nimal Siripala De Silva
Business Today TOP 30 recently recognised the top corporate performers in Sri Lanka for the financial year 2015-2016. The award ceremony was held at Hilton Colombo under the patronage of the Prime Minister. Also present were other distinguished guests of the business world, diplomats, politicians and policy makers of Sri Lanka.
Business Today has annually recognised and awarded top corporate performers in the country since 1998 for their invaluable contribution towards strengthening the country’s economy.
DFCC Bank was once again ranked in the TOP 30 at number 21, reiterating the Bank’s remarkable standing in the corporate sector of Sri Lanka. Mr. Arjun Fernando received the award from the Hon. Finance Minister at the event.
The Business Today TOP 30 was based on the published information of companies listed in the Colombo Stock Exchange for the financial year ending December 31st 2015 and March 31st 2016, and was selected with assistance from KPMG Sri Lanka.
DFCC Bank’s innovative mobile application, the Vardhana Virtual Wallet, has been upgraded to extend its use to non DFCC Bank customers as well. Thus, any individual with a registered local mobile number, who is a resident of Sri Lanka and aged 18 or above can now avail themselves of the free service by completing a one-time registration at any DFCC branch or service point.
The user can then top up funds at select merchant outlets, or receive funds from existing application users. The application can then be used to purchase goods and services, pay utility bills and execute monetary transfers: anytime and anywhere.
The application can further enable users to manage and organise their finances efficiently, as their bank accounts are linked to the application. This assures a new level of financial freedom and flexibility.
DFCC Vardhana Virtual Wallet, the first of its kind in the country’s banking industry, further encourages individual users and merchants to move away from the traditional use of physical cash, for advanced ease and convenience.
DFCC Bank PLC issued debentures to raise LKR 4 billion, with an option to go up to LKR 7 billion, in the event of an over-subscription. The purpose of this issue is to strengthen the Tier II capital of the Bank while supporting its lending operations in the Corporate, Business and SME sectors. In addition, it will mitigate the Bank’s interest rate risk by reducing mismatches in the maturity of assets and liabilities.
The debentures are rated A+ (lka) by Fitch Ratings Lanka Ltd and is attractively structured with tenures of five and seven years, carrying fixed annual coupons of 12.15% and 12.75% respectively.The subordinated, redeemable and unsecured debentures will be listed in the Colombo Stock Exchange where the minimum subscription is LKR 10,000.
The issue was opened for subscription on the 02nd of November 2016.
The issue is structured by DFCC Bank’s Treasury and Resource Mobilisation Unit and managed by Capital Alliance Partners Limited and Acuity Partners (Pvt) Ltd.
The DFCC REDS CSR project for 2016 was held at Abakolaweva Primary School in Tangalle.
The main school building was renovated under this project. The entire roof of the building was replaced and the whole structure was painted.
The project was successfully completed and the building was handed over on 09th October 2016 with the participation of the school principal, the zonal educational director, the DFCC Reds committee and Mrs. Namali Sirithunga, the DFCC Hambantota branch manager.
REDS wishes to thank everyone for the tremendous support they executed in purchasing raffle draw tickets and making monetary donations. Their contribution assured the immense success of this project and helped secure the future of numerous deserving schoolchildren.
An art competition was held to celebrate Children’s Day on the 8th of October. The competition was spread across the regional offices located in Wellawatte, Nawala, Kandy, Jaffna, Kaduruwela, Matara and Negombo, and was based on the theme of Growth.
There was significant participation across all regions. Children ranging from ages 6 to 12 took part in the events. Overall, over 150 children took part, and this was a great opportunity for the Bank to engage with local communities.
The top three winners were judged by the senior management in each region. In some instances, prominent people from the community were involved in the judging process as well.
The top prize winners were gifted a Vardhana Junior Account with deposits of Rs 10,000, 5,000 and 2,500 respectively. Participants also received gift packs and certificates of participation.
DFCC Bank signed a memorandum of understanding (MoU) with Sathosa Motors at the DFCC head office. This will facilitate the leasing of ISUZU branded vehicles for DFCC’s customers, allowing customers the opportunity to purchase a vehicle of good quality at a lower cost. Sathosa Motors is the sole authorised agent in Sri Lanka for ISUZU commercial vehicles. ISUZU is regarded as the foremost Japanese brand for commercial vehicles in the world.
Mr. Arjun Fernando, the CEO of DFCC Bank commented: ‘We are pleased to sign an MoU with Sathosa Motors as this arrangement enables us to offer multiple benefits to our customers, as well as helping us in expanding our leasing portfolio. DFCC Bank is committed to meeting the aspirations of our customers by entering into such fulfilling relationships’.
Mr. Tilak Gunasekara, the Managing Director/ CEO of Sathosa Motors, added: ‘We are delighted to enter into a partnership with DFCC Bank, and hence offer attractive discounts and benefits for our mutual customers’.
On the strength of its credentials and sound track record over a period of six decades, DFCC has been fruitful in raising funds for its developments in the Middle East.
An US Dollar loan facility over the term of three years was thus secured by DFCC Bank from the National Bank of Ras Al Khaimah (RAKBANK), of the United Arab Emirates (UAE). Alpen Capital (ME) Limited, an investment banking advisory firm, also based in the UAE, acted as the sole financial advisor to the transaction.
Through the growth of all sectors, DFCC is now a technologically-enhanced modern commercial bank that supports a broad and diversified clientèle. This added capital will further ensure the long term expansion plans of the Bank of its offshore banking unit (FCBU).
This long-term funding opportunity is also a welcoming sign for the local banking industry of Sri Lanka, as it reinforces faith in industry prospects and the general trajectory of the national economy.
DFCC Bank tied up with the Export Development Board (EDB) as the Exclusive Banking Partner for the World Export Development Forum (WEDF) which was held in Colombo on the 12th and 13th of October.
WEDF is an unique global conference and Business-to-Business (B2B) matchmaking platform dedicated to supporting trade-led development.
This forum brought together over 600 business leaders, policy-makers, heads of trade, investment support institutions and international trade development officials to address international competitiveness for developing countries.
It took place at the BMICH and was held under the theme: Connect, Compete and Change.
DFCC Bank held its inaugural Customer Service Week celebration in October 2016. The Bank utilised this opportunity to further foster its core value of always being customer-centric across the Bank.
The theme of the event was Service Champions, as DFCC realises that delivering cutting-edge services is only possible with a team of dedicated professionals working together as one.
DFCC has always, over the decades, built strong relationships with its ever-growing customer base and remains wholly committed to providing them with innovative and responsible financial solutions to drive sustainable growth.
The celebrations ended with a customer service forum featuring guest speeches from Mrs. Sandra de Soysa, the Group Chief Customer Service Officer of Dialog Axiata and Mr. Manesh Fernando, the General Manager of Hilton Colombo: two chief specialists in the field of customer service.
DFCC Bank was proud to be the Official Banking Partner for Shape South Asia 2016.
Under the theme of Shaping Identities, the event was hosted by the Global Shapers Colombo Hub who will utilise Colombo and Sri Lanka as a backdrop to explore the role that successful millennials would play in shaping their communities to drive positive changes.
The Global Shapers Community is a worldwide network of hubs developed and led by promising young leaders and entrepreneurs. Participants from across South Asia attended the landmark event.
These efforts are directly reflected in DFCC’s mission to drive self-reliance and sustainability in small, medium and large-scale businesses by offering access to finance and value added services. DFCC aspires to reach to youth in society by presenting to them a wide portfolio of products and services, to include its latest offering: Vardhana Virtual Wallet.
With the objective of providing people from all walks of life, with an effective savings solution that is flexible and offers long-term financial security, DFCC launched the Vardhana Xtreme Saver account recently. The account offers attractive interest rates between 6% - 9% which varies based on the monthly account balances. This enables individuals, corporates and institutions to earn higher interest rates.
The Vardhana Xtreme Saver account can be opened with a minimum deposit of Rs. 5,000 and interest is calculated daily and credited monthly. Customers can enjoy a higher return even with a minimum balance of Rs 1000 and enjoy unlimited withdrawals free of charge from over 3,500 DFCC Bank or LankaPay ATM’s across the country. Moreover, customers can get concessionary interest rates on advances of up to 90% on their savings.
DFCC recently expanded its premier centre network to Negombo. Situated at 454, Main Street, Negombo, this service centre will offer premier customers banking services in the comfort of a modern environment. The services include individually tailored banking solutions, 24/7 exclusive access to Prabhu / Premier Call Centre, e-banking facilities, wealth management services and safety locker facilities amongst many others.
An outbound training was organised by DFCC REDS on 25th and 26th of June at Leading Edge/ Hustlers Paintball recreation facility in Hanwella. A group of 28 newly recruited ETs and ARMs participated in this training, which included fun activities such as rock crossing/ hiking, paintball shooting, raft building, raft launching on the Kelani River and many other activities. These were specially put together to help amplify trust, teamwork, goal motivation and build leadership skills of the participants. The outing also provided an ideal opportunity for the new recruits to interact with their colleagues and build friendships.
A long term assignment conducted by ‘Great Place to Work’, is underway at DFCC Bank. It is based on the Bank’s current culture and introducing new people practices to support the Bank's core value system. Phase two of the project commenced last week, with the first People Practice Workshop conducted for an inter-departmental group of senior staff and HR process owners. The objective of the session was to educate both management and HR about the new people practices that would need to be inculcated into DFCC’s culture. The program content was developed after a series of focus group discussions between the ‘Great Place to Work’ consultants and sample groups of staff members from diverse cadres of the Bank. Going forward, a series of workshops will be carried out across the Bank in order to create a uniform, vibrant and productive work culture.
DFCC Bank recently organised an Iftar Ceremony in Qatar, with the aim of promoting LMT amongst the migrant workers. The event which was organised for the first time by a Sri Lankan Bank was well received. Cash prices were awarded to the winners (residing in Sri Lanka) of the draw which was held during the event. The awards were given to the winners recently at the DFCC Head Office, by the CEO and DCEO of DFCC Bank.
DFCC bank joined hands with the Sri Lanka Export Development Board (EDB) to become the exclusive partner of the World Export Development Forum (WEDF).
The forum plays a vital role in the flourishing of businesses with regards to value chains, sustainable trade and international levels of competitiveness.
The flagship event of the International Trade Centre, co-hosted by the EDB, will focus on how Sri Lankan SMEs and corporates can better navigate an evolving global trade landscape.
The global forum ‘Connect, Compete and Change’ will take place at the BMICH, featuring an array of speakers from the public and private sectors. It will include workshops, industry-specific presentations, a round-table discussion, a gala night and a supplementary exhibition.
For over 60 years, DFCC bank has been at the forefront of contributing to economic development in Sri Lanka. The bank is proud to connect with EDB as the exclusive banking partner of this prestigious event, in line with efforts to drive economic growth in Sri Lanka.
DFCC Bank launched ‘Vardhana Salary Booster,’ especially designed for professionals. Accordingly, salaried individuals who meet the minimum criteria, have access to a host of exclusive benefits and privileges. These include, overdraft facilities upto 90% of two months’ salary, concessionary interest rates for ‘Vardhana Nenasa’ education loans and ‘Vardhana Sandella’ housing loans and special benefits when opening a ‘Vardhana Junior’ savings accounts. In addition to a free debit card, access is given to the ‘Vardhana Virtual Wallet’ and e-banking facilities. The credit card joining fees are waived off as well.
DFCC Bank was awarded a Certificate of Merit in the Outstanding Sustainable Project Financing category, at the Karlsruhe awards ceremony held recently. This award was given for financing a biomass based Combined Heat and Power Plant in Mirigama, Gampaha, with a capacity of 4MW. The power plant utilise biomass (wood chips from Gliricidia) as its fuel source.
The Project Company, K.M.R.I. – S.M.G. Asset Company (Pvt) Ltd., is to supply 17.3 GWh of electricity to the National Grid under a 20-year Power Purchase Agreement with the Ceylon Electricity Board (CEB), and 90,000 tonnes of steam to a Desiccated Coconut plant of the Silvermill Group (one of the project promoters and a shareholder), under a Steam Supply Agreement, annually.
The plant which will operate for 325 days a year, co-generates electricity and supply steam to the Silvermill Factory during 250 days of the year and 100% electricity at 4MW during the balance 75 days.
Annual Snapshot 2016 in PDF format
DFCC Bank organised the Market Opening Ceremony on 1st of June at the Colombo Stock Exchange (CSE) to mark the first day of trading for the month.
Whilst being proud of all they have delivered to the shareholders for over 60 years, DFCC Bank has further strengthened and continued to grow, raising the bar in service delivery and rapidly expanding its digital reach and footprint across the country. The Bank remains committed to maximising shareholder value in a sustainable manner by providing innovative financial solutions, drawing on the synergies of its other businesses within the group.
The Bank has offered value through its shares and thereby played an important role in sparking interest in the market, especially among retail investors around the country. The Bank’s shares have since developed into an attractive stock for investors and continue to attract interest both locally and internationally.
This form of Market Opening Ceremonies are conducted by the CSE to serve as a platform to generate exposure for listed companies as they celebrate important milestones in the capital market.
DFCC Bank hosted cocktails for members of the Sri Lanka Shippers’ Council at the DFCC Auditorium. The event was held in honour of the Council’s Diamond Jubilee which was celebrated in March this year.
A special plaque was presented to the Chairman of the Sri Lanka Shippers’ Council, Mr. Sean Van Dort at the event by Mr. Arjun Fernando.
Having played a pivotal role in economic development over the past 60 years, DFCC Bank has close associations with the Shipping and Export Industries. An event of this nature helps to build stronger business relationships.
DFCC Bank’s latest fully-fledged branch was opened at No. 63/1, Kalutara Road, Bandaragama on 2nd June.
The branch offers end-to-end financial solutions for all business and retail customers. This includes project financing, SME financing and retail banking services such as current and savings accounts, fixed deposits, loans, pawning services, leasing facilities, NRFC/RFC accounts, credit cards and money transfer options via Western Union. In addition, DFCC’s Lanka Money Transfer service is made available to the customers.
With its expertise in SME financing, the Bank expects to play a key role uplifting the business sector in Bandaragama. These services are complemented by the online banking facility, a 24/7 call centre and access to over 3,500 ATMs through DFCC’s own and partner ATM networks facilitating unlimited withdrawals at zero cost.
In line with DFCC bank’s long-standing commitment to respecting both the environment and society, a tree-planting campaign was launched to commemorate World Environment Day.
In collaboration with Reforest Lanka, a non-profit organization dedicated to protecting Sri Lanka’s forests, volunteers from DFCC bank planted thirty na trees at the Keththarama Temple premises. Members of the temple clergy were also present during this event.
A similar ceremony was inaugurated at the DFCC Head Office, where five karanda trees were planted on the front lawn of the premises, under the direction of the bank’s senior executives.
DFCC takes pride in being a socially responsible bank with concern for the environment always at its heart. Following the commendable success of the afore-mentioned initiatives, the bank foresees an increase in the implementation of similar programmes nation-wide with the support of its branch network.
DFCC strives to ensure that all its members are ecologically conscious, and committed to upholding values of conservation and sustainability.
The first Vardhana Wallet Merchants Evening was held at the DFCC Bank Executive Lounge on the 11th of April 2016. The aim was to formally welcome the Merchants on board as DFCC’s strategic partners and further strengthen connections through fellowship.
Vardhana Virtual Wallet, which is a virtual replacement of a physical wallet, enables DFCC to be at the forefront in paving the way for a cashless society. This also affirms DFCC’s potential for stronger growth through innovation and driving financial inclusion in Sri Lanka.
In keeping with its commitment to deliver a superior customer service experience, DFCC Bank recently joined the LankaPay Common ATM switch (CAS) operated by Lanka Clear Ltd., which is Sri Lanka’s largest ATM network.
This alliance provides the Bank’s Debit, ATM and KDU Vcash cardholders the convenience of withdrawing cash and carrying out balance inquiries through LankaPay member banks, free of charge from over 3,000 ATMs island-wide. In addition, there is no restriction on the number of withdrawals and balance inquiries that cardholders can perform through CAS connected ATMs. However, the daily ATM and POS limits applicable to the cards would apply.
Mr. Arjun Fernando – CEO, DFCC Bank exchanges the agreement with Channa de Silva – CEO/ General Manager, Lanka Clear. Also present (L-R): Gemunu Gunasumana – AVP Card Operations, DFCC Bank, Denver Lewis –VP Services, DFCC Bank, Achintha Hewanayake - Chief Technology & Services Officer, DFCC Bank, Lakshman Silva – DCEO, DFCC Bank, Harsha Wanigatunga - DGM IT & Operations, Lanka Clear and Isuru Jayaweera – Senior Manager, Lanka Clear
The DFCC Bank website was re-designed and re-launched with the objective of enhancing the navigation experience and creating a more cohesive experience across digital channels.
From the layout pattern to the dynamic content loading and seamless context transitions, the website embraces today’s multi-device media consumption. It also adapts to the size of the window – be it mobile, tablet, laptop or desktop PC.
The new investor relations section also includes a ‘Perennial Compendium’ featuring the Bank’s latest news, enabling stakeholders to stay up-to-date with the new developments. This website highlights the forward thinking brand personality of the Bank. Further value additions are set to follow including mirroring the site in Sinhala and Tamil, processing applications online and a 24/7 chat support.
A special Avurudu promotion themed ‘Thaagi Kadai - Wadi Poliyai’ was launched to drive CASA during the festive season upto the 4th of May. Both new and existing customers are offered attractive gifts and special benefits on their deposits to the Savings or Fixed Deposit accounts. It also carries a 10.5% rate of interest on an one-year Fixed Deposit. In addition, new Savings Deposits over Rs.10,000 are entitled to a range of gifts including gift vouchers and DFCC branded household items from Singer Sri Lanka.
It was not the best of times, nor was it the worst of times, but it will be remembered as one of the most momentous of times for DFCC Bank PLC. This paraphrasing of the opening lines of ‘A Tale of Two Cities’ by Charles Dickens aptly summarises the events of year 2015.
While posting a mixed bag of financial results, the much-anticipated formalisation of the operational merger between DFCC Bank PLC and its subsidiary DFCC Vardhana Bank became effective on 1 October 2015 through an amalgamation of the two banks. The transition was smooth and seamless and the surviving entity is DFCC Bank PLC (“Bank”).
We trace our origins to the establishment of Development Finance Corporation of Ceylon (DFCC) in October 1955 with a mandate to spearhead development financing in a newly independent nation. DFCC, which later became known as DFCC Bank and finally DFCC Bank PLC, evolved and grew with the times to celebrate its Diamond Anniversary in October 2015, which also coincided with the amalgamation. A happy augury indeed!
Our relationship with DFCC Vardhana Bank dates back to 2003 when we acquired a 94% equity stake in a fledgling commercial bank – then known as MERC Bank – to complement our development banking business.
We now bring together the best of two banks – a unique blending of a 60-year heritage in development banking skills with the dynamism of one of the fastest growing commercial banks in the country. New thinking is pervading the internal mindset and a paradigm shift is taking place in customer experience. Novel electronic delivery channels such as Lanka Money Transfer and Supplier Settlement Service, a digital Mobile Wallet that fosters financial inclusion and the rebranding and relaunch of DFCC Bank’s brand are some visible examples of the innovations and change that are taking place.
We are embarking on an ambitious five-year strategic plan that will position the Bank in the upper quartile of the local banking industry. It will be underpinned by diversifying our distribution channels, increasing the use of digital media and building further on our cautious expansion into foreign markets.
Well poised to take advantage of the new era of opportunity, we will ensure that the Bank will grow with you, for we have always been a bank that grew with our customers, rather than because of them.
Let’s keep growing!
See: Our strategic direction in our Annual report 2015.
DFCC Bank PLC, Sri Lanka’s pioneering development bank, is renowned for being a national icon that has played a pivotal role in the development of Small and Medium Enterprises (SMEs) in the country.
The bank has a track record of having sustained these businesses in their operations in becoming some of the largest and most successful corporations of today, and its contribution has always been holistic, extending well beyond the mere financing of activities.
After 60 years of development and growth, DFCC recently amalgamated with its commercial banking subsidiary, DFCC Vardhana Bank, transforming itself to raise the bar of service delivery, to further enhance the bank’s value proposition to this sector.
The Government of Sri Lanka has identified the Small and Medium Enterprise sector in its policies as being an important strategic highlight. The Chief Executive Officer of DFCC Bank PLC, Mr. Arjun Fernando, has clearly detailed how the bank has supported such enterprises in the past and how it is further positioned to support such initiatives in 2016 and beyond.
For the first time in Sri Lanka, DFCC Bank conducted a children’s savings promotion for the New Year. This was to motivate parents to open savings accounts for their children on this special day.
The Bank pledged to pay an additional Rs. 1,000/= for every children’s saving account opened for children below 18 years on this day. The aim of the campaign was to encourage parents to consciously save for their children.
As a responsible commercial bank in the country, DFCC felt this was a timely requirement to educate parents on the value of saving for their children. In addition, DFCC is also committed to educating children on the value of saving in line with the government’s vision. Offering high interest rates and a range of other benefits including gifts and educational support, DFCC Bank’s Vardhana Junior and Vardhana Junior Plus savings accounts, ensures that the future leaders of the country step into their adulthood with a sound financial backing.
Coinciding with the 60th Anniversary Celebrations of the Bank in the North, DFCC Bank provided assistance to two healthcare institutions in Jaffna and Vavuniya. The Bank provided essential equipments to cater to the needs of patients.
Accordingly, 30 wheelchairs were donated to the Jaffna Teaching Hospital and 200 seats for the OPD Unit in the Vavuniya General Hospital. These initiatives have enhanced the quality of service extended to the needy patients. The equipment was handed over to Dr.Sathiamoorthy, Director of the Jaffna Teaching Hospital and Dr .K. Akilendiran, Director General of the Vavuniya General Hospital.
The project was spearheaded by the Regional Manager and the Branch Managers of the Jaffna and Vavuniya branches.
Although Bank’s CSR is mainly focused on Education, Entrepreneurship, Environment and Emergency Relief, enabling growth and development in every area is also of utmost importance to DFCC. Therefore, community development is an integral part of the Bank’s core value system and it aims to be a model corporate citizen creating long term social value for the communities in which it operates.
DFCC was awarded Gold in the Financial Institution Category at the 2015 Annual Report Awards organized by the Institute of Charted Accountants of Sri Lanka. The bank has made notable wins of this kind in the past as well.
During the financial year in focus, DFCC made radical changes in their approach to its annual report. It was formulated to communicate the relevant information concisely without compromising on the content and the compliance related disclosures. In doing so, the Annual Report was more user-friendly for the shareholders. More importantly DFCC also minimised the paper used for its Report this year.
The Annual Report was also made available in the form of a concise report in print, an online report and a condensed ‘annual snapshot’. These formats made the annual reports available to a larger readership and attracted a broad spectrum of current and potential stakeholders.
The bank’s stakeholders responded favourably to the Report and its success can be attributed to Smart Media (Pvt) Ltd, our Annual Report partner. The company intelligently conveyed the vision of DFCC.
DFCC PLC expanded its operations in Weligama, with the opening of a new branch. Weligama town has developed into a thriving centre for trade and business in the south of Sri Lanka. The new branch located at No. 354/45, Samaraweera Place was ceremonially opened by Arjun Fernando, CEO of DFCC Bank, Lakshman Silva, DCEO of DFCC Bank as well as several senior banking officials, staff members and members of the local community.
The branch will offer tremendous convenience and a comprehensive service to all business and retail customers in the area. It operates as a fully-fledged branch offering all types of banking transaction including foreign currency products. The new branch is equipped with an ATM and is linked to all other DFCC Bank branches.
Mr. Saravanapavan Raveendra and his team in the Northern region provided assistance to families affected by floods in the Vatharavarai Village. The village was severely affected and many people were displaced due to the flash floods caused by heavy rains.
Acting on the request of the Divisional Secretariat, the team distributed packets of biscuits and mosquito coils for about 100 affected families. This was a great comfort to the families as most were without food, especially the children.
The relief team extends their appreciation to the Marketing team for the support given. These initiatives make a difference to the communities whilst portraying the Bank as one that truly cares for the community!
DFCC Bank was ranked 17th in the ‘Top 25’ list of Business Today for the financial year 2014/15, based on the financial performance. This is the 6th consecutive year that DFCC has made the list.
Based on the published information of companies listed in the Colombo Stock Exchange, the companies are ranked based on financial criteria. These include, Share Turnover, Revenue, Profit after Tax, Return on Equity, Earnings per Share, Market Capitalization and Value Addition.
DFCC’s financial indicators recorded an increase, year on year in the year reviewed for the latest ranking. Group profit after tax soared 38% to LKR 4.4 billion and operating income before VAT and NBT swelled by 33% to LKR 6.1 billion. Accordingly, Earnings per Share grew by 38% to LKR 16.46 whilst, Group assets surpassed the LKR 200 billion mark recording LKR 211 billion from LKR 175 billion the previous comparable year.
DFCC Bank PLC made another remarkable move through its approval of a project loan to Saga Solar (Pvt) Ltd. The bank is renowned as a pioneer in financing renewable energy. Yet, this is the first time the bank financed a project of this kind.
The project initiated by Saga Solar (Pvt) Ltd is a revolutionary initiative undertaken by a team of experts in the solar energy sector. The team includes a group of brilliant investors and professionals. DFCC will also be completely committed towards the project. The Bank will oversee the project from start to finish.
In the green energy category, solar energy has great potential. However this project will be the first large commercial solar project with grid connectivity.
The Bank financed similar projects such as Sri Lanka’s first ever privately-owned grid-connected mini-hydro power plant in 1994. DFCC also became the pioneer financier for the private sector wind power projects in the country when it partly financed the first wind power project in 2010.
The Bank which celebrated its Diamond Jubilee very recently aspires to be a part of projects of this kind in the future.
On the 1st of October 2015, Sri Lanka’s banking and financial sector made a landmark development with the amalgamation of DFCC Bank and DFCC Vardhana Bank.
The new entity is a full-service bank which offers a wide range of products and services such as development commercial banking, development banking and personal financial services. The two banks which share a common vision, mission and ethos have also introduced a new logo which symbolizes simplicity and ease of access to all its customers.
Subsequent to the amalgamation, the entity will have approximately 1500 employees, 137 branches island-wide and a combined asset base of Rs 210 billion as at March 2015.
The merger is in keeping with the national objectives of the country as it showcases the country as a vibrant economy and an attractive destination for investment.
DFCC Bank PLC will carve a new financial future for Sri Lanka and its future. It will also prove to be a banking leader of international standing.
At the Annual General Meeting held on the 28th of August, the amalgamation proposal for DFCC Bank PLC and DFCC Vardhana Bank PLC was unanimously approved by the shareholders of the two companies.
DFCC Bank PLC will make an offer to purchase the shares of the minority shareholders of DFCC Vardhana Bank PLC at a price of Rs 52/- for every one ordinary voting share held.The amalgamation of the two complementary businesses will offer integrated financial solutions to a range of clients through 137 branches situated island-wide. This remarkable milestone will be achieved the very same year DFCC celebrates its Diamond Jubilee. The merger will build on 60 years of expertise and will deliver value and convenience to all its stakeholders. The future of the Bank is well mapped out and will bring together the best in talent and practice.
The second listed debenture issue of DVB, which concluded on 29 May 2015 was a resounding success. Following on the success of its first debenture issue in 2011, both senior and subordinated debt categories were oversubscribed within hours of opening to the public.
The issue was an industry milestone, being the first listed issue with two types of debt rankings. Both senior and subordinated debt categories had a tenor of 5 years with a bullet capital repayment. With an AA- Fitch Rating, the senior debt carried an annual interest coupon of 9.10% whilst the subordinated debt was rated A+ with an annual interest coupon of 9.40%.
This debenture issue supported the growth process of DVB whilst the subordinated debt component boosted the Tier II capital ratio of the Bank in accordance with Basel ll guidelines.
The Issue was managed by Capital Alliance Partners Limited and Acuity Partners (Pvt) Limited, and structured by DFCC Bank’s Funding and Capital Markets Division.
DFCC Website, www.DFCC.lk won a merit award at the Best Website Awards in the Corporate, Banking and Insurance website category and in the Tamil website category. Organised by the LK Domain Registry, the Best Sri Lankan Website Awards (BestWeb.lk) recognize high quality Sri Lankan websites in a variety of different categories. This year over 600 websites competed with MAS Holding securing the top spot in the category followed by Union Assurance and Sampath Bank in the second and third places.
The DFCC website was re-launched in September 2012 supplemented with Sinhala and Tamil websites integrating the services of both banks to provide a fully-fledged online service.
DFCC Bank PLC was chosen to be a project partner of the German Development Cooperation (GIZ) along with Hatton National Bank, Sri Lanka Energy Manager’s Association (SLEMA) and the regional Chambers of Commerce in guiding Small and Medium Enterprises (SMEs) to employ energy efficient processes.
The project included workshops in Anuradhapura and Jaffna where approximately 30 SME’s in each region were trained including DFCC customers. Similar workshops were held in other parts of the country as well.
Both local and international experts followed an integrated approach to ensure SME’s receive the necessary support at each step of the investment. This project was in line with our developmental role and was facilitated by Branch Banking and DFCC Consulting. Officials from GIZ commended our staff for the excellence in which the workshops were organised.
Annual Snapshot 2015 in PDF format
Financial Statements for the quarter ended 30 June 2015.