DFCC Bank PLC

DFCCBank

  • Type Direct (National)
  • Date of accreditation 12 Jul 2023

DFCC Bank PLC (DFCC Bank) is a national direct access, private sector entity based in Sri Lanka. Established in 1955, DFCC Bank is a commercial bank with primary lines of business in consumer, corporate and SME banking, treasury, investment and international banking, card operations and bancassurance (i.e. selling insurance products). With its focus on agriculture, fishing, manufacturing, transport, construction, tourism, financial and business services, infrastructure, and training sectors, DFCC Bank has developed a sustainability strategy to minimize adverse environmental and social impacts. DFCC Bank has played a pioneering role in leveraging private and public sector resources for projects in non-conventional renewable energy - particularly by financing the first ever private sector owned grid connected small hydro, wind, and ground mounted solar projects in Sri Lanka.

Together with GCF, DFCC Bank intends to finance large-scale green projects that may otherwise not be entirely commercially feasible under the existing business and market conditions. As Sri Lanka’s first national direct access entity, DFCC Bank strengthens the Country Programme, especially for energy sector financing.

Accreditation timeline

Accreditation term 1

27 Sep 2024 - 26 Sep 2029

Accreditation date

12 Jul 2023
AMA execution date

02 Aug 2024
AMA effectiveness

27 Sep 2024
Term end date

26 Sep 2029

Entity details

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending

Documents

Title Type Date
Accreditation Master Agreement between GCF and DFCC DFCCBank
Accreditation Master Agreement 02 Aug 2024
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Contacts

Mr. Nalin Karunatileka
Primary

Vice President – Sustainability & Consulting
Phone +94 11 244 2232
Nalin.Karunatileka@dfccbank.com
Mr. Senaka Jayasinghe
Secondary

Advisor - Sustainability
Phone +94 11 244 2007
Senaka.Jayasinghe@dfccbank.com
Address
73/5, Galle Road, Colombo, 00300, Sri Lanka