DFCC Bank Secures USD 12 Million to Expand Green Financing in Sri Lanka
June 6, 2025
DFCC Bank has supported businesses that aim to grow while minimising their environmental impact for years. Now, with a new USD 12 million funding facility from European impact investment platform Symbiotics, the Bank is scaling up that effort – this time with a focus on solar energy and small businesses across Sri Lanka.
The funding, split between a USD 6.25 million tranche and an equivalent of USD 5.75 million in Sri Lankan Rupees, will be used to support renewable energy projects. Much of it will be allocated to small and medium-sized enterprises that adopt clean energy solutions as part of their long-term strategy.
Symbiotics arranged the financing, with bonds issued specifically for DFCC Bank and listed on the Securities Official List of the Luxembourg Stock Exchange (with an International Securities Identification Number – ISIN). TSW Capital Services Pvt Ltd., based in India, advised DFCC Bank on the transaction.
“This funding enables us to direct international capital into local projects that matter – clean energy, small businesses, long-term growth,” said Prins Perera, Senior Vice President – Treasury, Investment and Wholesale Banking at DFCC Bank. “It reflects trust in our financial profile and ability to deliver sustainable impact, even in a competitive funding environment.”
He further noted that this borrowing secured from the European market was at a time when access to external funding was particularly constrained for the country. What makes this transaction even more noteworthy is that a portion of the loan was drawn down in Sri Lankan Rupees. This is significant, as external funding is typically received in foreign currency, while the underlying projects are often executed in LKR. Consequently, the borrowing institution must implement effective and cost-efficient foreign exchange risk mitigation strategies to ensure that end-users can access funding at a competitive rate. This initiative by the bank sets a valuable precedent for other financial institutions to follow.
The loan aligns with Sri Lanka’s target of generating 70% of its electricity from renewable sources by 2030. It also supports the UN Sustainable Development Goal on Affordable and Clean Energy (SDG 7) by helping improve access to clean power through longer-term, more affordable financing.
As Sri Lanka works toward a more climate-resilient economy, DFCC Bank continues to position itself at the intersection of finance, sustainability, and local enterprise, quietly building a green finance portfolio rooted in purpose and shaped by partnerships.
About DFCC Bank
DFCC Bank PLC, established in 1955 and listed on the Colombo Stock Exchange since 1956, is one of Sri Lanka’s leading financial institutions. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, the Bank offers a comprehensive portfolio of retail, corporate, and SME banking services, along with treasury, investment, and trade finance solutions.
With customer centricity and sustainable innovation at its core, DFCC Bank delivers seamless and secure banking experiences, which include digital platforms like DFCC MySpace, and through a network of 138 branches and access to over 5,500 ATMs via the LankaPay network.
A recognised leader in sustainable finance and renewable energy initiatives, DFCC Bank is committed to reducing environmental impact and fostering long-term economic resilience.
