Ceylinco Life has announced its pioneering investment of Rs. 2 billion as the anchor investor in Sri Lanka’s first-ever Green Bond, issued by DFCC Bank. This landmark initiative, opening for subscription today, aims to raise up to Rs. 2.5 billion to fund solar photovoltaic (PV) power generation projects, including ground-mounted, floating, and rooftop solar facilities
DFCC Bank PLC in Sri Lanka is set to launch a senior, rated, 3-year green bond issue to raise Rs 2 billion, with a potential Greenshoe option to increase the amount to Rs 2.5 billion. The subscription list for the green bond issue opens on Thursday, the 12th. The bank will initially issue 20 million
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This transaction, however, led to the reversal of 2.45 billion rupees in previously set provisions. The bank’s sovereign bond portfolio was valued at 4.59 billion rupees by the end of December 2023, a
DFCC Bank has announced an exclusive partnership with Home Lands Skyline (Private) Limited, aiming to transform the housing loan sector. The collaboration, formalized through a memorandum of understanding (MOU) signed on June 28th, will provide potential home buyers and real estate investors with enhanced benefits and streamlined loan solutions. The signing ceremony featured key figures
Sri Lanka’s DFCC Bank Plc announced plans for a senior, rated, 3-year green bond issue aimed at raising 2 billion rupees, with the possibility of a Greenshoe option to raise up to 2.5 billion rupees. The decision was made by the Board of Directors in a meeting held on July 31. The bank plans to
As a pioneer in the digital banking revolution in Sri Lanka, DFCC Bank is empowering its customers with an additional 0.5% interest on all fixed deposits (FDs) opened through DFCC Online Banking. DFCC Bank’s digital delivery channels, including DFCC Online Banking, are designed to provide maximum convenience, enabling customers to bank seamlessly from anywhere at
DFCC Bank has announced a significant initiative to strengthen Sri Lanka’s dairy industry by allocating Rs. 500 million to finance smallholder dairy farmers. This move aligns with the bank’s commitment to supporting sustainable development. The initiative, spearheaded by DFCC Bank’s MSME (Micro, Small, and Medium Enterprises) Unit, builds on the successful experience of lending to