DFCC Bank Archives

United States commits USD 150 million to support small businesses and empower Sri Lankan women Source:Bizenglish The United States continues to support small businesses in Sri Lanka as they work to overcome the economic challenges posed by the pandemic. The U.S. International Development Finance Corporation (DFC) awarded USD 150 million in funding to Sri Lanka’s DFCC Bank to bolster the local small and medium-sized enterprise (SME) sector, strengthen private sector investment, and support women entrepreneurs. This is the largest DFC loan disbursement for Sri Lanka to date and follows on a previous DFC funding line of USD 75 million to NDB Bank. A portion of the loan will be directed towards SMEs owned or led by Sri Lankan women. By empowering women in business, this agreement aligns with the U.S.’ broader goals of expanding financial inclusivity, tackling gender inequality, and increasing support for women-led enterprises. ...

John Keells Properties offers financial solutions for prospective homeowners In an effort to make urban living affordable for potential homeowners, John Keells Properties has entered into strategic collaborations with Commercial Bank, DFCC Bank and HNB to offer ‘Freedom Mortgages’ – attractive home loan schemes for clients keen to invest in John Keells Properties’ upcoming TRI-ZEN residential development in Colombo. With lowered interest rates and a reduction in fixed income options for investments, real estate within Colombo city limits is an attractive choice for those seeking to diversify their investment options. The mortgage plan is an innovative financial scheme and is an industry-first which encompasses multiple financial institutions, offering buyers multiple choices and a range of bespoke solutions to make their urban aspirations a reality. TRI-ZEN is a highly anticipated joint venture between Indra Traders (Pvt) Ltd and John Keells Holdings PLC and is scheduled for completion in 2023. ...