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DFCC Bank was set up in 1955 as Sri Lanka's a pioneer development finance institution on the recommendation of the World Bank and is one of the oldest development banks in Asia. In October 2015, DFCC Bank and its 99% owned subsidiary, DFCC Vardhana Bank amalgamated.
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
The banking sector in Sri Lanka is monitored by the Bank Supervision Department of the Central Bank of Sri Lanka under the Banking Act, [1] Monetary Law Act [2] and the Exchange Control Act. [3] Three types of financial institutions are permitted under Banking Act and the Finance Companies Act to operate in Sri Lanka by the Central Bank of Sri ...
Central Finance Company is one of the licensed finance companies, authorised to accept deposits from the public by the Central Bank of Sri Lanka. [8] The company's main business activities include leasing, hire purchase financing, deposit mobilization and providing other financial services. [9]
South Korea: Korea Development Bank (KDB) Kuwait: Industrial Bank of Kuwait (IDK) Pakistan: Industrial Development Bank of Pakistan (IDBP) Papua New Guinea: National Development Bank of Papua New Guinea (NDB) Philippines: Development Bank of the Philippines (DBP) Qatar: Qatar Development Bank (QDB) Sri Lanka: National Development Bank (NDB)
Sri Lanka Industrial Development Co. Ltd; Sri Lanka Institute of Co-operative Management; Sri Lanka Insurance Corporation Ltd; Sri Lanka Institute of Development Administration; Sri Lanka Insurance & Robinson Hotel Company Ltd; Sri Lanka-Libya Agricultural & Livestock Development Co. Ltd; Sri Lanka State Trading Corporation; Sri Lanka Sugar Co. Ltd
L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One.
The company was regarded as a leading financial institution in Sri Lanka for decades and the reputation of the business started to make downfall soon after the death of E. A. P. Edirisinghe. [ 5 ] [ 6 ] Soma Edirisinghe , wife of EAP Edirisinghe took over the company and remained as the chairperson of the company until her death in 2015.