In response to the challenging macroeconomic environment faced by businesses, and in line with the Central Bank of Sri Lanka’s Circular No. 02 of 2024, DFCC Bank has strengthened and repositioned its existing Restructuring & Close Monitoring Department, originally established in 2021 to support clients impacted in the post‑COVID‑19 period into the Business Revival Unit (BRU) from 01st July 2024.

Scope

The Business Revival Unit (BRU) serves as a strategic, collaborative bridge between the Bank and its customers, committed to delivering customized and sustainable solutions for distressed yet fundamentally viable businesses. Our mission is to drive meaningful economic recovery by fostering stability, resilience, and renewed growth among underperforming and non-performing enterprises.

Objectives

By embracing a collaborative, solutions-driven approach, the BRU’s objective is to empower the businesses to overcome challenges, rebuild financial strength, and accelerate their journey toward stability and long-term success. We partner closely with our clients to unlock opportunities, restore momentum, and pave the way for a resilient and sustainable future.

Functions and Activities

The Bank continued to support customers through a structured combination of financial and non‑financial strategies designed to foster a strengthened revival and rehabilitation culture across business segments. These initiatives enabled enterprises to maintain business continuity while regaining a sustainable and resilient operational footing. Through targeted guidance and capacity‑building efforts, the BRU remained focused on aligning distressed yet viable businesses with a long‑term growth trajectory, thereby contributing to broader economic stability and national development objectives.

The Business Revival Unit (BRU) shall adopt and implement a range of financial and/or operational support tools and techniques, either individually or in combination, for the purpose of facilitating the revival and rehabilitation of distressed yet viable business entities. The selection and application of such tools shall be determined based on the specific financial position, cash-flow capacity, and viability assessment of each borrower.

The support measures that may be considered include, but are not limited to, the following:

• Waivers – partial or full, based on merit and feasibility

• Debt restructuring to improve long-term viability

• Debt rescheduling to ease short-term liquidity pressure

• Grace periods on capital and/or interest

• Concessionary interest rates aligned with revival objectives

• Tenure extensions to support manageable repayment capacity

• Structured or tailored repayment plans designed to match cash-flow realities

• New financing facilities, including interim financing and exit financing where justified

• Any other appropriate concessions or relief measures required to facilitate effective turnaround

The above tools shall be applied in a transparent, justifiable, and well-documented manner, ensuring alignment with the principles outlined in relevant directives issued by the Central Bank of Sri Lanka.

For further information or assistance, we invite you to connect with your designated Branch Manager, Relationship Manager, or the representative for your respective region, who will be pleased to guide you through the support available.

• DFCC Bank PLC, No. 73/5, Galle Road, Colombo 03.

• Ruwan Saram – Vice President, Restructuring and Close Monitoring

• +94 (0)11 2442326

• Ruwan.Saram@dfccbank.com

1. What is the Business Revival Unit (BRU)?

The BRU is a specialized Unit within DFCC Bank dedicated to support distressed yet viable businesses through solution-oriented revival process. 

2. What types of solutions are available?

Options may include debt restructuring, rescheduling, grace periods, concessionary rates, tenure extensions, and customized repayment plans etc.

3. Is this process aligned with Central Bank regulations?

Yes. All solutions are compliant with Circular No. 02 of 2024 issued by the Central Bank of Sri Lanka.

4. Can new financing be granted during revival process?

Subject to viability assessment, interim or exit financing facilities may be considered.

5. How long does the approval process take?

The timeline can vary depending on the complexity of your business revival needs and the level of assessment required.

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