DFCC Bank PLC has informed the public that with the necessary approval from the Central Bank of Sri Lanka to proceed with its proposed acquisition of the Wealth and Retail Banking business of Standard Chartered Bank Sri Lanka Branch, it will continue the process in the coming months.
An announcement made by the DFCC Bank in compliance with the Colombo Stock Exchange Listing Rules stated:
“With this key regulatory clearance secured, DFCC Bank will now move forward with the subsequent phases of the transaction, including the integration and migration of the business operations.”
“The acquisition is scheduled for completion by the second quarter of 2026. A further update will be provided upon the finalisation of the transaction.”
from The Island https://ift.tt/rRTWkli
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