📈 DFCC Bank Completes LKR 3.65 Bn Acquisition of SCB Sri Lanka’s Retail & Wealth Business

• Transaction Overview: DFCC Bank PLC completed its acquisition of Standard Chartered Bank (SCB) Sri Lanka’s retail and wealth business effective August 1, 2026, with live operations commencing August 3, 2026. The acquisition was funded entirely through internally generated capital for a final premium of LKR 3.655 Bn (plus applicable taxes). • Business & Network Impact: • Migrated approximately 50,000 customers across Priority Banking, credit cards, retail lending, deposits, and SME portfolios. • Onboarded 260 former SCB Sri Lanka employees into comparable roles. • Added 6 former SCB branches, expanding DFCC's physical footprint in the banking sector to 139 locations island-wide. • Strategic Focus: • Accelerates DFCC’s long-term strategy to scale up retail & wealth management capabilities in high-growth segments. • Fully approved by the Central Bank of Sri Lanka, aligning with SCB’s strategy to shift focus exclusively to its corporate & investment banking business in the country.