DFCC Bank launched the 'Badu Mallak' campaign, rewarding 70 remittance-receiving customers each month with Rs.10,000 in supermarket vouchers. Eligibility is automatic for the first 70 DFCC accounts to receive inward remittances via Lanka Money Transfer each calendar month.
Colombo market closed July with ASPI up 9% for the month (ASPI YTD +23%) and S&P SL20 up 7.7% (YTD +18.5%), with average daily turnover in July at Rs.7.16bn. Banking-led activity saw HAYL, DFCC, BIL, NDB and COCR as key contributors while foreigners were net sellers (Rs.134m).
nVentures, a MAS‑licensed Singapore VC, has invested over $1.5m in six Sri Lankan startups and helped secure commercial ties, including a co‑branded card with HNB, CEFT integration with Seylan Bank, and debt financing from DFCC.
Colombo Stock Exchange closed higher, ASPI up 0.39% (76.33 pts) at 19,642.48 with turnover LKR 5.66bn. John Keells fell 20 cents to LKR 23.90 amid negative publicity, while Hayleys, DFCC, Browns Investments and NDB were among the top contributors.
Ada Derana·Jul 31, 2025·Regulatory or legalPositive
nVentures became the first MAS-licensed foreign VC active in Sri Lanka, channeling over USD 1.5 million into local startups. The firm has backed six ventures and secured commercial partnerships involving local banks, including HNB (co-branded card with Nanosoft), Seylan (CEFT integration) and DFCC (debt financing for MintPay).
DFCC Bank plans a 10-year GSS (green, social and sustainable) bond issue to raise Rs10 billion via 100 million Rs100 Basel III-compliant subordinated, listed, unsecured bonds. The bonds carry annual coupons, a non-viability conversion option and rates to be set nearer finalization; subject to approvals.
DFCC Bank will issue five-year redeemable blue bonds to raise Rs3 billion via up to 30 million Rs100 bonds, in fixed-rate and zero-coupon tranches; coupon/yields will be set later and the issue is subject to regulatory approvals.
Renewable EnergyTourism
Ada Derana·Jul 29, 2025·Management or board change
Mohamad Hameez was elected President of the Sri Lanka–Canada Business Council for 2025/26. Aitken Spence (via Aitken Spence Travels) and DFCC Bank are among the listed companies represented on the council’s executive committee and subcommittees, which will prioritize tourism, renewable energy and technology collaboration.
DFCC Bank has extended operating hours for its Gold Loan service in Trincomalee, Manipai and Akkaraipattu and offers up to Rs. 200,000 advance for a 24-karat gold sovereign. Branches now provide weekday evening hours and Saturday pawning to improve accessibility for local customers.
Gold & Pawning
Ada Derana·Jul 28, 2025·Promotional / marketingPositive
DFCC Bank extended operating hours for its Gold Loan services in Trincomalee, Manipai and Akkaraipattu and offers market-leading advances up to Rs.200,000 for a 24-karat gold sovereign. Weekday evening service (until 6:00 PM) is available at Akkaraipattu and Saturday pawning (9:00 AM–5:00 PM) in Manipai and Trincomalee.
ASPI rose 136.16 points (2%) to close at 19,379 on turnover of Rs.6.21bn, with banks dominating activity. CINS, CFIN, NDB, COMB and CTC were top positive contributors; NDB rose, DFCC fell and Ambeon (TAP) gained.
The ASPI rose 0.46% to 19,467.71 as retail buying in diversified financials lifted the market. Top contributors included Central Finance, C T Holdings, DFCC Bank, Bukit Darah and Melstacorp.
Colombo Stock Exchange rose as the ASPI gained 0.71% to 19,379.24 on anticipation of strong earnings, with turnover of 6.2 billion rupees. Brokers noted renewed interest in banks and index-heavy John Keells ahead of its Aug. 2 casino opening; selected banks closed mixed.
Colombo market extended its rally after the Central Bank held policy rates, with the ASPI up 151.15 pts (0.79%) to 19,243. Turnover was Rs.6.23bn (235.33m shares) while foreigners were net sellers (Rs.99.6m); DFCC, Richard Pieris, NDB, Carson, NTB, JKH, Dockyard, Sunshine and RIL were among top contributors/movers.
DFCC Bank launched Sri Lanka's first 20-year fixed-rate home loan, offering the 20-year fixed product from 13% and home loan rates starting at 9.5%. The product includes up to 30-year terms, personalised repayment plans and full disbursement in as little as ten working days.
Colombo Stock Exchange closed higher, ASPI up 0.79% (151.15 pts) at 19,243.08 and S&P SL20 up 0.57% at 5,689.62. Top contributors included DFCC, Carson Cumberbatch, NDB and NTB; banking stocks led turnover (Rs1.3bn) and the central bank kept the policy rate at 7.75%.
Interest Rates
Ada Derana·Jul 23, 2025·Promotional / marketingPositive
DFCC Bank launched Sri Lanka's first 20-year fixed-rate home loan, offering the 20-year fixed product from 13% while other home loan rates start at 9.5%. The product includes faster disbursement (as little as ten working days) and flexible terms up to 30 years.
Colombo bourse extended gains as the ASPI closed at 19,092 (up ~47 points) on turnover of Rs.5.9bn; banking led activity (23%) and top contributors included DFCC, NDB, AEL, HNB and ASHO, while foreigners were net sellers of Rs.38.2m.
Colombo's ASPI rose 0.25% to 19,091.93, led by gains in DFCC, NDB, Access Engineering and HNB; turnover was about 5.9 billion rupees and spot gold was trading near $3,400. Sri Lanka is set for another round of US tariff talks ahead of an Aug 1 deadline.
ExportersGold & Pawning
Ada Derana·Jul 22, 2025·Promotional / marketingPositive
DFCC Bank launched the DFCC Business Investment Planner for registered businesses, offering a guaranteed 9% annual interest (AER 9.38%) with fixed monthly contributions over 2–15 years to help SMEs build capital without taking on debt.
DFCC Bank launched the DFCC Business Investment Planner for SMEs, a fixed-return product offering a guaranteed 9% annual interest (9.38% AER) over 2–15 years. The plan accepts monthly contributions in LKR or designated foreign currencies and links to a savings/current account for automated deposits.
Colombo bourse hit a new high as the ASPI closed at 19,044, up roughly 70–77 points while the S&P SL20 fell about 8 points; turnover was around Rs.5.3–5.4bn and net foreign outflow stood at Rs.121.4m.
The All Share Price Index rose 0.37% to 19,044 while the S&P SL20 fell 0.15% to 5,646; turnover was 5.3 billion rupees and DFCC, Central Finance, Co-operative Insurance, C T Holdings and Lanka Realty Investments were notable gainers.
Colombo market hit a record ASPI of 18,541 (up 380 pts, 2.09%) as turnover reached Rs.10.22bn, led by banking stocks and John Keells. Foreign investors were net sellers (net outflow Rs.1.2bn) and the banking sector accounted for 27% of turnover.
Colombo ASPI rose 2.09% to a record 18,541.26 after US tariffs on Sri Lanka were cut to 30% (down 14%), boosting investor confidence and lifting several banks and exporters; Sampath, HNB, John Keells, Commercial Bank, DFCC, Teejay and Hayleys gained while Haycarb fell.
DFCC Bank held a financial-awareness session for 28 line managers from Wikiliya Tea Factory to promote its value-chain financing solutions and tailored MSME loan products for smallholder tea growers. The program, organised with Wikiliya and New Hopewell Tea Factories, aims to expand grassroots access to finance in the tea export value chain.
Tea & Plantation CropsExporters
Ada Derana·Jul 8, 2025·Promotional / marketingPositive
DFCC Bank held an awareness session for 28 line managers from Wikiliya Tea Factory to promote its value-chain financing and tailored MSME loan products for smallholder tea growers. Organised with Wikiliya and New Hopewell finance teams, the outreach aims to expand grassroots access to finance in the tea export sector.
Executives from Commercial Bank (COMB.N0000), DFCC Bank (DFCC.N0000) and NDB (NDB.N0000) attended AIA's Bancassurance Summit 2025 in Beijing to discuss bancassurance, growth, innovation and digital transformation. Commercial Bank MD & CEO Sanath Manatunge participated on the CEO panel on how banks drive growth and innovation.
IT & Digital
Daily FT·Jul 7, 2025·Award or certificationPositive
DFCC Bank's DFCC Aloka has surpassed 100,000 female clients, a milestone for its women-focused banking proposition. The programme provides preferential savings and loan rates, digital banking tools, mentorship and partnerships to support women entrepreneurs and consumers across Sri Lanka.
Executives from Commercial Bank, DFCC Bank and NDB Bank attended AIA's Bancassurance Summit 2025 in Beijing to discuss bancassurance, digital transformation and regional partnerships.