Effective supply chain management is critical for smooth business operations. At DFCC Bank, a streamlined procurement process and reliable on-time delivery are essential. Our subsidiary and associate companies extend the Bank’s functions beyond traditional banking, while our industry association memberships broaden our footprint.

Over time, DFCC Bank has built many partnerships that have expanded our reach, optimised resources, mitigated risk, and strengthened sustainability. These networks also provide cross-functional expertise and access to new technologies, enhancing our resilience to market changes and regulatory updates.

Multi-lateral and bi-lateral organisations

DFCC Bank has secured funds from government, bi-lateral, and multi-lateral bodies through strict ethics, robust systems, and strong international partnerships. Our partner organisations include:

• Asian Development Bank (ADB)
• BlueOrchard Microfinance Fund – Luxembourg
• Commerzbank Aktiengesellschaft
• Commerzbank Finance & Covered Bond S.A.
• Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a subsidiary of KfW – Germany
• European Investment Bank (EIB)
• Kreditanstalt fur Wiederaufbau (KfW) – Germany
• Nederlandse Financierings – Maatschappijvoor Ontwikkelingslanden N.V. (FMO) – The Netherlands
• Proparco, a subsidiary of Agence Française de Développement(AFD) – France
• RAKBANK, also known as the National Bank of Ras Al Khaimah – United Arab Emirates
• The World Bank
• U.S. International Development Finance Corporation (DFC)
• Symbiotics Investments SA, Switzerland

DFCC Bank’s investment banking division continues to widen our funding sources through collaborations with other banks. These alliances encourage knowledge sharing, innovative solutions, and improved efficiencies while expanding our market reach.

Correspondent Banks

DFCC Bank works with approximately 200 correspondent banks to facilitate international trade and cross-border transactions. Selected correspondent banks (listed below) also serve as Nostro agents, serving as intermediaries in international transactions, streamlining payments, reducing costs, and ensuring regulatory compliance.

Bank	Currency	Country
Bank of Ceylon (UK) Limited	GBP	UK
Bank of Ceylon	ACU $	India
Bank of Ceylon	ACU $	Maldives
Bank of Ceylon	INR	India
Bank of China	CNY	Sri Lanka
Commerzbank AG	CAD	Germany
Commerzbank AG	EUR	Germany
HDFC Bank	ACU $	India
HDFC Bank	INR	India
HSBC Bank USA N.A.	USD	USA
JPMorgan Chase Bank N.A.	USD	USA
JPMorgan Chase Bank N.A.	AUD	Australia
JPMorgan Chase Bank N.A.	CAD	Canada
Kookmin Bank	USD	South Korea
Mashreq Bank PSC	ACU $	India
Mashreq Bank PSC	AED	UAE
Mashreq Bank PSC	USD	USA
OCBC Bank	SGD	Singapore
OCBC Bank	USD	Singapore
Standard Chartered Bank (Pakistan) Limited	ACU $	Pakistan
Standard Chartered Bank	ACU $	Bangladesh
Standard Chartered Bank	ACU $	India
Standard Chartered Bank	AUD	Singapore
Standard Chartered Bank	EUR	Germany
Standard Chartered Bank	GBP	UK
Standard Chartered Bank	SGD	Singapore
Standard Chartered Bank	USD	USA
Sumitomo Mitsui Banking Corporation	JPY	Japan
UniCredit Bank AG	EUR	Germany
Zurcher Kantonal Bank	CHF	Switzerland

New Partnerships

DFCC Bank entered into a partnership with the Colombo Stock Exchange (CSE) to facilitate Inward Investment Accounts (IIA) for foreign investors via the CSE Mobile App. This digital initiative simplifies access to our capital markets and supports our commitment to further digital enablement by striving to achieve a paperless environment.

In addition, seven new partnerships for foreign exchange transactions were formed, with several others under discussion.

Supply Chain Management and Procurement Policy

DFCC Bank’s procurement policy focuses on efficient sourcing, cost minimisation, quality assurance, and inventory optimisation. The policy upholds ethical practices, transparency, regulatory compliance, and sustainability, ensuring fair treatment for all vendors.

Suppliers are regularly evaluated on:

• Quality
• Timeliness of delivery
• Price competitiveness
• Post-sale support
• Ethical conduct
• Regulatory compliance
• Financial stability

Feedback is provided based on these assessments. Wherever possible, preference is given to local suppliers, reflecting our commitment to national development.

Partners for service delivery

To meet customer demands and internal targets, DFCC Bank has established multiple delivery channels including agency banking, cash management, transport services, and ATM cash replenishment.

Our IT partnerships ensure reliable, secure, and efficient digital platforms that safeguard customer data. We also outsource back-office functions such as payroll, document storage, legal counsel, and equipment maintenance. These arrangements promote quality, drive innovation, and support timely and accurate financial services.

Strategic Alliances and Diversification

The DFCC Group includes various subsidiaries, joint ventures, and associate companies that offer unique strengths and capabilities. This synergy enhances our strategic direction and supports our goals.

DFCC Consulting (Pvt) Ltd.

A wholly owned subsidiary, that was formedin 2004, focusing mostly on consultancy and advisory services, and has executed a number of complex consultancy projects, covering various fields such as project management, engineering, environment, and renewable energy. The Company utilises professional staff from DFCC Bank and external consultants. It also collaborates with foreign experts and firmswhen the need arises. Collaborative engagements with global experts and firms further enable the delivery of innovative and tailored solutions, solidifying its reputationas a trusted partner in the consultancy sector.

Lanka Industrial Estates Ltd. (LINDEL)

LINDEL is a public–private partnership established in 1992 with the primary objective of converting the abandoned facilities of the state-owned Fertiliser Manufacturing Corporation in Sapugaskanda into a modern industrial estate. Today, LINDEL provides comprehensive infrastructure and support services to tenant companies across a range of sectors including chemicals, construction, materials, engineering, fertilisers, FMCG, metal fabrication, and packaging. Ongoing discussions with the Ministry of Industries aim to develop a second industrial estate, while plans to increase land utilisation at the current site are also under consideration.

For the first time in its history, LINDEL achieved an income level of LKR 500 Mn a significant financial milestone that reflects the success of our strategic initiatives and operational efficiencies. With a recent asset revaluation, the Company’s total assets now exceed LKR 10 Bn, underscoring its financial strength and long-term sustainability.

LINDEL has executed several projects to modernise its infrastructure and transform older buildings into income-generating assets. Key renovation projects include:

• The first and second floors of the IPMP building
• The renovation of the Asia Power Building
• The upgrade of the upper floor of Vetch House

These improvements have contributed to additional revenue streams.

LINDEL has also demonstrated its capability to deliver large-scale infrastructure projects. A major project has been secured to construct new warehouse facilities for a key manufacturer in the FMCG sector. The planned development spans approximately 150,000 square feet and is estimated to cost around LKR 1.5 Bn. This project not only highlights LINDEL’s capacity to deliver extensive infrastructure solutions to multinational clients but also reinforces its reputation in the industrial construction sector.

In addition, LINDEL is undertaking two new warehouse extension projects, measuring 15,000 square feet and 22,000 square feet respectively, to provide further space for its clients. Construction for these extensions is set to commence immediately upon receipt of the necessary approvals.

Initial Public Offering (IPO)

LINDEL is preparing for an Initial Public Offering (IPO), a key step in our growth and expansion strategy. The IPO will raise capital to fund planned projects, enhance market presence, and deliver greater value to stakeholders.

Maldives Project Initiation

Lanka Industrial Laboratory Limited (LILL), a wholly owned subsidiary of LINDEL, is expanding into new markets with a project in Male, Maldives. The project aims to establish a chemical laboratory facility on the island. An initial study has been completed, and we are in the process of obtaining the necessary approvals from the Male government. This initiative is expected to create new opportunities for both LILL and LINDEL, strengthening our regional presence.

Solar Energy Development Plan

LINDEL plans to develop at least 5 MW of solar energy capacity connected to the National Grid. This project underlines our commitment to renewable energy, aiming to reduce carbon emissions and promote sustainable green solutions capacity.

Lindel ACP RenewableS LTD

In 2024, LINDEL took a significant step towards inorganic growth with the establishment of Lindel ACP Renewables Ltd., a new subsidiary focused on the development of renewable energy projects. LINDEL holds a majority stake (51%) in this new entity, underscoring its strategic commitment to sustainability and innovation in the energy sector.

As part of this initiative, LINDEL is consolidating its renewable energy efforts by transferring the existing rooftop solar projects currently under LINDEL to Lindel ACP Renewables Ltd. This move will create a unified, streamlined approach towards renewable energy investments, facilitating efficiency, scalability, and long-term sustainability in clean energy development.

Synapsys Ltd.

Synapsys Ltd. is a technology-driven financial services firm with a strong operational presence across the Asia-Pacific region and the UK. The Company provides specialised financial technology solutions for banking, capital markets, insurance, and retail payments. Synapsys operates under the motto “Bank Different”, advocating for financial inclusion and disruptive financial services while leveraging partnerships in SME, microfinance, and agrifinance sectors.

The Company boasts a highly skilled workforce, including software engineers, banking consultants, payment solution specialists, IT operations experts, and operations management professionals. Synapsys continues to expand its portfolio by diversifying into non-banking solutions and new geographical markets.

In 2024, Synapsys achieved significant milestones through major product enhancements and strategic growth initiatives. The Company introduced Rapidex, a remittance system, and Octoplex, a meeting management system, while also upgrading Apex-Marginex across all client platforms to comply with CSE regulatory requirements. Additionally, a new Custodian System was developed to enhance transaction security and operational efficiency. These advancements reinforced Synapsys’ commitment to providing cutting-edge financial technology solutions.

A key strategic move was the adoption of a partnership-driven growth strategy, marked by a collaboration with ADFIAP (the Association of Development Finance Institutions of Asia and the Pacific), which connects Synapsys to 90+ financial institutions across 30+ countries. This partnership enabled Synapsys to gain access to ADFIAPNET, the Technology arm of ADFIAP, to host its Core Banking, Internet and Mobile Banking, and Rapidex Remittance Platform on the Microsoft Azure Cloud. This transition enhances scalability, accessibility, and security for financial institutions adopting Synapsys solutions.

Looking ahead to 2025, Synapsys is focused on upgrading the MBanx Core Banking System and developing a new Internet and Mobile Banking platform to enhance digital financial services. The Company is also transitioning Apex-Marginex to a cloud-based SaaS model and developing a Leasing System for DFCC Bank, with plans to introduce it to the Sri Lankan market. Expansion into the Asia-Pacific region remains a priority, with discussions underway with five banks in the Philippines and other ADFIAP-affiliated financial institutions, with the first deployment expected in Q1 2025.

Acuity Partners (Pvt) Ltd.

Acuity Partners was established as a joint venture between DFCC Bank and Hatton National Bank (HNB) to centralise investment banking activities. It operates under the Acuity Group umbrella, providing a comprehensive suite of financial services, including Corporate Finance and Advisory, Securities and Stock Trading and Venture Capital Financing.

In alignment with DFCC Bank’s strategic realignment of its group structure, the Bank divested its 50% stake in Acuity Partners to HNB in January 2025. This move allows DFCC Bank to focus on its core banking and financial services operations while enabling Acuity Partners to continue its trajectory under a single-ownership model.

National Asset Management Ltd. (NAMAL)

Incorporated in 1990, NAMAL is Sri Lanka’s pioneering unit trust company and an affiliate of DFCC Bank. As the Country’s first unit trust manager, NAMAL introduced the National Equity Fund, setting the foundation for the unit trust industry in Sri Lanka. Today, the company manages four unit trusts-National Equity Fund, NAMAL Growth Fund, NAMAL Income Fund, and NAMAL High Yield Fund-alongside bespoke Private Portfolio Management Services for high-net-worth clients. NAMAL’s robust investment strategies have driven strong financial performance, delivering significant value to investors.

In 2024, the Company recorded a remarkable 45% year-on-year growth in Assets Under Management (AUM), increasing from LKR 3 Bn to LKR 4.4 Bn, while its Private Wealth Management (PWM) assets reached LKR 2.7 Bn. This exceptional growth underscores NAMAL’s ability to align investment strategies with evolving market dynamics, ensuring optimal returns for its clients. The Company’s diverse product portfolio and disciplined fund management approach have reinforced its reputation as a trusted asset manager in the industry.

Looking ahead to 2025, NAMAL is focused on digital transformation and client engagement to enhance investor experience and market accessibility. A revamped website with a modern, user-friendly interface has been introduced, and the upcoming launch of digital client onboarding and a client portal (web and mobile) will streamline investor interactions. With a favourable equity market outlook, NAMAL is well-positioned to attract further inflows into its mutual funds. By leveraging digital innovation, the company aims to strengthen its market leadership and continue delivering long-term value to its stakeholders.

Membership in Industry Associations

DFCC Bank, with its commitment to widen its footprint, has taken membership in a large number of business and professional organisations including:

• American Chamber Of Commerce in Sri Lanka
• Association of Compliance Officers of Banks Sri Lanka
• Association of Development Financing Institutions in Asia and The Pacific
• Colombo Stock Exchange
• Federation Of Information Technology (Guarantee) Ltd. (Fitis)
• Fintech Forum (Guarantee) Limited
• Fitch Ratings Lanka Ltd.
• Genesiis Software (Pvt) Ltd.
• International Chamber of Commerce Sri Lanka
• National Chamber of Exporters of Sri Lanka
• Securities & Exchange Commission of Sri Lanka
• Sri Lanka Business and Biodiversity Platform (Biodiversity Sri Lanka)
• Sri Lanka Forex Association
• The Ceylon Chamber of Commerce
• The Ceylon National Chamber of Industries
• The Council for Business With Britain
• The Employer’s Federation of Ceylon
• The European Chamber of Commerce of Sri Lanka
• The Financial Ombudsman Sri Lanka (Guarantee) Limited
• The Mercantile Service Provident Society
• The National Chamber of Commerce of Sri Lanka
• The Sri Lanka Banks’ Association (Guarantee) Limited

As a banking institution with a long history, DFCC Bank places great value in its partnerships and organisational memberships. By leveraging these linkages, we expect to expand our contribution to the Sri Lankan financial sector, economy, and the nation at large.