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DFCC Bank Sets New Industry Standard with Enhanced Leasing Products

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DFCC Leasing, the leasing arm of DFCC Bank PLC and a pioneer in the industry, has taken a bold and innovative step to address the concerns of Sri Lankans in the market for a vehicle with its special leasing promotion, “Aduwenakota Aduwena Leasing”- “A lease that gets better as you go”. Available only for a limited time, until the 14th of September 2023, DFCC Aduwenakota Aduwena Leasing allows customers to obtain a vehicle now without having to wait for interest rates to go down, vehicle prices to drop, or new vehicle imports to resume.

That is because DFCC Aduwenakota Aduwena Leasing allows you to enjoy the flexibility of switching to a lower rate and even upgrading your vehicle without a penalty after one year. Now, that is flexibility that no other leasing facility in Sri Lanka provides, allowing you to fulfil your dreams of vehicle ownership today and still benefit from the more favourable market conditions expected in the future!

“We aim to empower our customers and provide them with the flexibility they deserve,” said Aasiri Iddamalgoda, Senior Vice President of Retail Banking and SME at DFCC Bank, “With this unique leasing promotion, we are enabling individuals and businesses to seize the opportunity now and experience growth and convenience, at the current market rates, whilst also having the option to switch to more favourable market rates in the future, and even go for a more recent vehicle once imports open up again without any penalty fees.”

This innovative promotion is the first of its kind in Sri Lanka, demonstrating DFCC Leasing’s commitment to addressing the important concerns of consumers whilst delivering unparalleled benefits. With the freedom to choose when to exercise the options available, customers can take advantage of current market conditions, secure their dream vehicle, and experience remarkable growth in their personal or business endeavours.

To learn more about this revolution in leasing, visit your nearest DFCC Bank branch, DFCC Leasing’s website at https://www.dfcc.lk/products/leasing-personal/ or call DFCC Bank’s 24/7 customer service hotline on 0112350000.



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Dr RAD Jeewantha named most innovative dentist of the year

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Dr Jeewantha receiving the award

Dr. R. A. D. Jeewantha was honoured as the Most Innovative Dentist of the Year at the Business World International Awards, 2025. Organised by the Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. A graduate of the Faculty of Dental Sciences, University of Peradeniya, Dr. Jeewantha has built a reputation as one of Sri Lanka’s most respected and forward-thinking dental surgeons. After gaining vital experience in Government hospitals, including the Teaching Hospital in Karapitiya, he also served at a leading private hospital before launching his own practice—Doctor J Premium Dental Care in Delkanda, Nugegoda.

His dental clinic is known for offering advanced, patient-focused treatments in restorative dentistry, cosmetic procedures, and implantology, using state-of-the-art technology. Dr. Jeewantha is especially skilled in dental implants, having completed the American Residency Course in Dental Implantology at Roseman University, accredited by the American Academy of Implant Dentistry. Dr. Jeewantha holds fellowships from the International College of Continuing Dental Education (FICCDE) and the Pierre Fauchard Academy (USA). His advanced skills include modern root canal treatments using Mineral Trioxide Aggregate (MTA) for both surgical and non-surgical procedures.

He has completed international trainings in digital dentistry, full-arch implantology techniques like All-on-Four and Zygomatic Systems, and smile design using digital 3D scans. He has participated in global dental events such as the Asia-Pacific Dental Congress and completed training at institutions including the University of Manchester and North Western State Medical University in Russia. His courses have covered everything from intraoral scanning to managing tooth wear. He has previously received many local and international awards. Dr. Jeewantha also serves the community as a Justice of the Peace for All Island.

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IIHS Foundation in Biological Studies offers fast-track route to global health careers

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The Foundation in Biological Studies at IIHS provides a unique alternative for students looking to fast-track their health careers after their Ordinary Level (O/L) exams. This programme offers a direct route to global health careers, bypassing traditional A/Ls. With over 1,000 students already advancing to universities in Australia, the UK, and Finland, IIHS has positioned the course as a reliable launchpad for careers in fields like medicine, nursing, biomedical sciences, and digital health. “This programme is a game-changer, offering a transformative journey into global healthcare education,” said IIHS CEO Dr. Kithsiri Edirisinghe.

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Seylan Bank Reports Strong Growth in Q1 2025 Financials

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Seylan Bank has recorded a Profit before Tax (PBT) of LKR 4,199 million in Q1 2025, marking a 13.36% growth compared to LKR 3,704 million in Q1 2024. Profit after Tax (PAT) rose by 20.29%, reaching LKR 2,761 million, up from LKR 2,295 million in the corresponding period of 2024.

Despite a decrease in net interest income by 8.37% due to market interest rate reductions, the bank’s net fee-based income grew by 13.83%, driven by fees from loans, cards, remittances, and other services. Total operating income for the quarter was LKR 11,258 million, a 3.83% decrease from the previous year, while operating expenses rose by 4.62%, largely due to increased personnel and other operating costs.

Impairment charges were significantly reduced by 83.17%, totaling LKR 262 million, reflecting the bank’s solid credit quality and proactive provisions. The bank’s impaired loan ratio improved to 1.98% from 2.10% in Q1 2024, with a provision cover ratio of 80.74%.

Seylan Bank’s total assets grew to LKR 785 billion, with loans and advances reaching LKR 469 billion and deposits totaling LKR 647 billion. The bank’s capital adequacy ratios remained strong, with the Common Equity Tier 1 Capital Ratio at 13.67% and Total Capital Ratio at 17.64%.

In addition to its financial performance, Seylan Bank continued its commitment to education, opening 16 more “Seylan Pahasara Libraries,” bringing the total to 281 libraries across the island.Fitch Ratings upgraded Seylan Bank’s National Long-Term Rating to ‘A+(lka)’ with a Stable Outlook in January 2025, further underscoring the bank’s financial stability and growth trajectory.

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