DFCC Bank PLC (“DFCC Bank”) has announced that it has entered into a binding Business Sale Agreement with Standard Chartered Bank, United Kingdom, acting through its branch in Sri Lanka (“SCB Sri Lanka”), to acquire the wealth and retail banking business of SCB Sri Lanka. The proposed acquisition covers all of SCB Sri Lanka’s wealth and retail banking business, which includes Priority Banking, credit cards, retail lending, deposits and SME. The transaction ensures that all SCB Sri Lanka’s wealth and retail banking employees will be provided comparable roles and opportunities to continue to grow and further their careers within DFCC…
DFCC acquiring SCB SL retail banking : Official announcement
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