📈 DFCC Bank to Finalise Standard Chartered Retail Banking Acquisition by End-July

• Transaction Update: DFCC Bank’s acquisition of Standard Chartered Bank Sri Lanka’s wealth and retail banking business is on track to be completed by 31 July 2026. • Deal Valuation & Funding: The transaction is valued at Rs. 3.7 Bn and is being entirely funded through DFCC's internally generated funds. • Scope of Acquisition: DFCC will absorb Standard Chartered’s Priority Banking, credit cards, retail lending, deposits, and SME portfolios. This aligns with DFCC’s strategy to accelerate growth, enhance scale, and expand its customer base in retail banking & wealth management. • Strategic Pivot: Standard Chartered will exit the Sri Lankan retail space to focus on its corporate and investment banking business. This mirrors a broader trend of international banks scaling back retail operations in emerging markets, closely following Nations Trust Bank’s Rs. 18 Bn acquisition of HSBC Sri Lanka’s retail business in late 2025.