ECONOMYNEXT – DFCC Bank said it has reached a deal to buy the retail and wealth management business of Standard Chartered Bank in Sri Lanka for 3.7 billion rupees. The transaction is expected to be concluded in early 2026, subject to regulatory approvals, DFCC Bank said in a stock exchange filing. “The proposed acquisition forms part of DFCC Bank’s strategic growth agenda to strenghten its retail and wealth management franchise, build scale and create sustainable value for customers, employees and shareholders alike,” the filing said. The transaction will be funded by internal funds. (Colombo/Nov12/2025)
DFCC to by retail business of Standard Chartered Bank Sri Lanka for Rs3.7bn
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