DFCC Bank PLC has informed the Colombo Stock Exchange (CSE) that it has entered into an agreement to acquire the wealth and retail banking business of Standard Chartered Bank (SCB) in Sri Lanka for a consideration of Rs. 3.7 billion, subject to regulatory approval. The agreement was signed on November 12, 2025, between DFCC Bank PLC and Standard Chartered Bank, England, acting through its Sri Lankan branch. The deal covers SCB’s Priority Banking, credit card, retail lending, deposit, and SME portfolios, and is expected to be concluded by early 2026 following approval from the Central Bank of Sri Lanka. DFCC…
DFCC to acquire Standard Chartered’s retail banking in Sri Lanka for Rs 3.7 billion
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