Business
DFCC Bank celebrates 25 years of pioneering renewables in Sri Lanka
The Bank for Everyone, DFCC Bank, one of Sri Lanka’s leading banks, celebrates 25 years of pioneering renewable energy in Sri Lanka. Having the vision and understanding the emerging needs of the nation whilst also being cognizant of the shifts in the global energy sector, the Bank has been promoting renewable energy in Sri Lanka for the past 25 years.
DFCC Bank is the pioneering bank in Sri Lanka for renewables, having financed the country’s first ever private-sector wind, solar and waste to energy development projects, commencing in 1996. The Bank is also the pioneer in the introduction of Standardized Power Purchasing Agreements in Sri Lanka in 1997, the cornerstone of facilitating private investment in the renewable energy sector.
Discussing the achievements of DFCC Bank in the renewable energy sector, Senior Vice President and Head of Corporate Banking, Sohantha Wijesingha said, “While we count our involvement in the sector as beginning in 1996 when we backed the Hydro-tech Lanka Dick Oya project, our first involvement with the renewable energy sector goes way back to 1988, when we funded a solar PV module assembly plant. Driven by our sustainability strategy, which positions us as the ‘bank for green finance’, we have taken it upon ourselves to do our part to protect the planet and its people. We do this by by backing the renewable energy sector, relying on the synergies we have created through our relationships with global financiers such as the World Bank, the Global Environment Facility, the European Investment Bank, the Asian Development Bank and others. Thus, our journey has been incredible and we are excited about working together with all stakeholders to create a greener, brighter and energy independent Sri Lanka.”
DFCC Bank’s other notable achievements in the renewable energy sector over the past 25 years include the financing of the Senok Wind Power Project (2010), the Saga Solar Project (2017), the Western Power Company’s municipal waste to energy project (2021), Suryadhanavi Limited –the first distributed grid-connected solar power project (2017), and Sri Lanka’s first ever biomass-based Combined Heat and Power project (2017).
Always looking to support Sri Lanka’s economy and create new economic opportunities, DFCC Bank has also backed the strengthening of Sri Lanka’s renewable energy value chain, by financing the successful Sri Lankan-German collaboration, VS Turbo (Private) Limited – Sri Lanka’s first hydropower turbine manufacturing plant (2007); a company that has not only manufactured electromechanical equipment for hydropower projects in Sri Lanka, but which has also exported such equipment to other international markets in Africa. DFCC Bank also co-managed the Initial Public Offering (IPO) of Valibel Power Erathna PLC, the first IPO and listing of a renewable energy producer in Sri Lanka (2006). The Bank has also been involved with numerous smaller renewable energy projects including microfinance for home solar power systems over the past 25 years.
Looking to the future, DFCC Bank has identified Renewable Energy as a key sector for Sri Lanka. To further the industry, the Bank has played host to several research and study teams from various countries including Cambodia, Ghana, India, Mozambique, Nepal, the Philippines and Uganda for knowledge and experience sharing. The Bank’s employees have been invited to make presentations at international forums and share their experience in renewable energy development and have also been handpicked for renewable energy consultancy assignments abroad including in Uganda and Nepal.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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