DFCC Bank

Key details

• Parent: assets
• Launch: 1955

Overview

DFCC Bank is CSE: DFCC + Sri Lankan commercial bank + one of Sri Lanka's largest commercial banks by assets + founded 1955 as Sri Lanka's first development finance bank [1, lk-cro].

History

1955 — DFCC Bank Development Finance Corporation of Ceylon founded as Sri Lanka's first development finance bank distinctive Sri Lankan banking heritage.

Oct 1 2015 — DFCC Bank commercial banking conversion + DFCC Vardhana Bank merger consolidation.

2014 — DFCC Vimasna mobile banking app launch.

Ownership & operator

Operating entity: DFCC Bank Development Finance Corporation of Ceylon (Sri Lankan commercial bank; CSE: DFCC).

Major shareholders: Bank of Ceylon ~14%+ + Sri Lanka Insurance Corporation ~12%+ + Hatton National Bank ~10%+ + Sri Lankan retail + institutional + foreign investors free float.

Regulators: CBSL Central Bank of Sri Lanka.

Technical integration

DFCC Vimasna mobile app (iOS + Android) + dfcc.lk online + DFCC Bank branch network across Sri Lanka + DFCC Visa + Mastercard cards; LK IBAN + LankaQR.

Implementations & partners

Major Sri Lankan banking + payments competitors: [[bank-of-ceylon]] (Bank of Ceylon BoC; Sri Lankan state-owned commercial bank; Sri Lanka's largest commercial bank by assets) + [[commercial-bank-ceylon]] (Commercial Bank of Ceylon ComBank; CSE: COMB; Sri Lanka's largest private commercial bank by assets) + [[hatton-national-bank]] (Hatton National Bank HNB; CSE: HNB; Sri Lanka's #2 private commercial bank by assets) + [[sampath-bank]] (Sampath Bank; CSE: SAMP; Sri Lankan commercial bank) + [[peoples-bank-srilanka]] (People's Bank Sri Lanka; Sri Lankan state-owned commercial bank) + [[seylan-bank]] (Seylan Bank; CSE: SEYB; Sri Lankan commercial bank) + [[ndb-bank]] (NDB Bank National Development Bank; CSE: NDB; Sri Lankan commercial bank) + [[nation-trust-bank]] (Nations Trust Bank; CSE: NTB; Sri Lankan commercial bank) + lankaqr (LankaQR Sri Lankan national QR payment scheme).

Regulators: CBSL Central Bank of Sri Lanka.

Status

Active, CSE:DFCC + Sri Lankan commercial bank + one of Sri Lanka's largest commercial banks by assets + founded 1955 as Sri Lanka's first development finance bank + Oct 1 2015 commercial banking conversion + DFCC Vardhana Bank merger consolidation [1, 2].

Sources

• 1 DFCC — official
• 2 DFCC — Wikipedia
• lk-cro In-corpus: reports/countries/LK-sri-lanka.md

Source

Biography extracted from dfcc-bank.md. See matrix.md for standards-support matrix if present.