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1955
The Development Finance Corporation of Ceylon (DFCC) is incorporated under an Act of Parliament and is one of the first development banks to be established in Asia.
1956
DFCC becomes the first bank to be listed by the Colombo Share Brokers’ Association, the precursor to the Colombo Stock Exchange.
1977
Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is formed with DFCC as a founder member.
1984
Finance leasing is introduced.
1985
Medium-term working capital financing is introduced. An insurance agency business is commenced.
1986
Moves to the present Head Office in Colombo 3.
1988
The first branch is opened in Kandy.
1989
Short-term Working Capital Financing is officially introduced.
1990
National Asset Management Ltd (NAMAL) is incorporated.
1991
Public issue of DFCC shares
1992
Lanka Industrial Estates Ltd. (LINDEL), Lanka Ventures Ltd. (LVL) and HDF Securities (Pvt) Ltd. are founded.
1993
Reached No. 1 position in market capitalisation.
1995
Asia Money ranks DFCC as the Best Managed Company in Sri Lanka.
1996
Fixed deposit scheme introduced. Sri Lanka’s first private sector Renewable Energy power project is commissioned, financed by DFCC.
DFCC and Deutsche Bank appointed as advisors to the Government of Sri Lanka for privatisation of Sri Lanka Telecom.
DFCC divests stake in HDF Securities Ltd.
DFCC and Deutsche Bank appointed as advisors to the Government of Sri Lanka for privatisation of Sri Lanka Telecom.
DFCC divests stake in HDF Securities Ltd.
1997
DFCC renamed
as DFCC Bank.
Appointed as the Administrative Unit of the Energy Services Delivery Project funded by the World Bank and Global Environment Facility (GEF).
Appointed as the Administrative Unit of the Energy Services Delivery Project funded by the World Bank and Global Environment Facility (GEF).
1998
DFCC Bank issues a USD 65 Mn
10 year Floating Rate Note
(guaranteed by the ADB) listed
on the Luxembourg Stock Exchange –
the first International Bond issued by
a Sri Lankan entity.
1999
Asia Money ranks DFCC Bank as the Best Managed Company of the decade.
2000
Structured and managed
Sri Lanka’s First Rated Debenture Issue for Sri Lanka Telecom.
2001
DFCC Bank acquires
ABN AMRO Securities
(Pvt) Ltd. and renames
the company to DFCC
Stock Brokers (Pvt)
Limited.
2002
Assigned the SL AA
National Rating for Implied
Long-term Unsecured
Senior Debt by Fitch
Ratings Lanka Ltd.
2003
DFCC acquires
94.16% of MERC
Bank and renames
it as DFCC
Vardhana Bank.
Appointed as the Administrative Unit of the Renewable Energy for Rural Economic Development (RERED) project funded by the World Bank and GEF.
Managed the IPO of Sri Lanka Telecom, then the largest offering on the Colombo Stock Exchange.
Appointed as the Administrative Unit of the Renewable Energy for Rural Economic Development (RERED) project funded by the World Bank and GEF.
Managed the IPO of Sri Lanka Telecom, then the largest offering on the Colombo Stock Exchange.
2004
DFCC Consulting (Pvt) Ltd.
is founded.
2008
Acuity Partners (Pvt) Ltd.
commences commercial operations.
2011
Shareholding in DFCC
Vardhana Bank increased
to 99.1%.
2014
Appointed by GOSL to administer
the EUR 90 Mn SME and Green
Energy Credit Line from the
European Investment Bank.
2015
DFCC Bank and DFCC Vardhana
Bank are amalgamated in
October to form DFCC Bank
PLC.
2016
DFCC Virtual Wallet launches as
yet another financial inclusion
enabler by DFCC Bank, a first in
Sri Lanka’s banking industry.
2017
DFCC Bank launches DFCC
Premier Go app to empower
Premier customers.
2018
DFCC Bank launches DFCC
iConnect, a cutting-edge payments
solution for businesses.
DFCC Credit Cards relaunched with EMV-enabled chip and Visa PayWave contactless technology.
DFCC Credit Cards relaunched with EMV-enabled chip and Visa PayWave contactless technology.
2020
DFCC Bank awarded the No. 1
Cash Management Service
Provider in Sri Lanka
by Euromoney.
DFCC Bank awarded Market Leader in Cash Management (Domestic Banks) and Best Services in Cash Management.
DFCC Bank awarded Market Leader in Cash Management (Domestic Banks) and Best Services in Cash Management.
2021
DFCC Bank signs an agreement
with the United States Development Finance
Corporation (DFC) for a USD 150 Mn, credit
line for SME financing.
2022
DFCC Bank awarded Market
Leader and Best Service for
Cash Management at Euromoney
Market Leaders Awards 2022.
2023
DFCC Bank becomes the first
Sri Lankan entity accredited by
the Green Climate Fund (GCF).
2024
DFCC Bank issues the first Green
Bond in Sri Lanka listed on the
CSE, demonstrating leadership in
Sustainability.