DFCC Bank and IIHS Partner to Unveil Exclusive Educational Loan Scheme for Health Students
February 26, 2024
DFCC Bank, the Bank for Everyone, has announced a new landmark partnership with the International Institute of Health Sciences (IIHS), Sri Lanka’s leading institute for health education, which specialises in nursing and is affiliated with Coventry University, London. Under the new partnership, DFCC Bank will provide students of IIHS with educational loans at attractive rates together with many other unique benefits.
These benefits include up to 100% course fee funding, an extended repayment period of up to 7 years and doorstep service for maximum convenience. This attractive proposition from DFCC Bank comes at an opportune moment as IIHS prepares for a fresh intake of students for its various programmes, which include globally accepted BSc (Hons) degrees in Nursing, which can be completed in Sri Lanka.
The partnership was signed with representatives from both parties present at a special ceremony to mark the occasion. Representing DFCC Bank was Anton Arumugam, Senior Vice President for Offshore Banking, Remittances and Business Development, and IIHS was represented by Dr. Kithsiri Edirisinghe, CEO/Co–Founder.
Discussing student benefits, Anton Arumugam, Senior Vice President for Offshore Banking, Remittances, and Business Development at DFCC Bank, said, “We are incredibly pleased to partner with IIHS, a giant in health education in Sri Lanka. Many aspiring young individuals want to build their skills to build a stable career in this industry. IIHS is an exceptional route for them, and we are pleased to be able to present such an attractive educational loan programme for Sri Lankan students. With a globally recognised degree that can be attained in Sri Lanka, an excellent opportunity for prospective students.”
Dr Kithsiri Edirisinghe, CEO /Co–Founder at IIHS, added, “DFCC Bank, being a true leader not just in banking but also in social development and promoting education, makes for a partner on which we can rely. Qualified nursing and other health sector professionals are in high demand in Sri Lanka and abroad. Thus, our degree programme, which is affiliated with Coventry University in London, is an ideal choice, particularly for those interested in building a career in nursing. This focused loan scheme provides an attractive opportunity for students looking to finance their education and achieve their aspirations.”
Accordingly, this collaboration between DFCC Bank and IIHS is a promising opportunity for students in Sri Lanka to pursue quality education in the health sector with the support of a reputable financial institution. The attractive loan terms and the prospect of earning a globally recognised degree right here in Sri Lanka will enhance the education options available for aspiring medical professionals.
The MOU was exchanged by Anton Arumugam, SVP – Remittances, Offshore Banking and Trade Business Development – DFCC Bank, and Dr Kithsiri Edirisinghe – Co-founder/ CEO – IIHS Multiversity.
Left to right- Dushan Weerakoon, Vice President – Personal Financial Services – DFCC Bank PLC, Anton Arumugam – Senior Vice President – Remittances, Offshore Banking and Trade Business Development – DFCC Bank PLC, Dr Kithsiri Edirisinghe – Co-founder/ CEO – IIHS, Stephanie Anthony – Director Administration – IIHS
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the ‘Most Trusted Retail Banking Brand’ and the ‘Best Customer Service Banking Brand’ in Sri Lanka in 2021 by Global Brands Magazine UK and ‘Market Leader and Best in Service in Cash Management 2022’ by Euromoney. Additionally, DFCC Bank is ranked among Business Today’s Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.
