DFCC Bank plans wealth management and investment services arm

DFCC Bank yesterday said efforts are underway to establish a fully owned subsidiary to carry out wealth management and investment banking services.

Its board of directors at a meeting held on 28 March 2025 has granted in principle approval, subject to obtaining relevant regulatory approvals for the same.

In a filing to the Colombo Stock Exchange (CSE), DFCC Bank said it will issue a further communique in this regard, once regulatory approvals are obtained.