DFCC Bank and SLASSCOM to offer affordable financing solutions

DFCC Bank has entered into a partnership with SLASSCOM, the apex body representing the IT/BPM industry in Sri Lanka, to provide accessible and affordable financing for sustainable power generation for the sector, through special financing schemes, concessionary rates, and other exclusive benefits.

With over 420 member companies, encompassing an employee base of 115,000+ people, SLASSCOM’s membership accounts for approximately 90 per cent of Sri Lanka’s IT/BPM industry’s export revenue.

The partnership between the two groups was officially entered into with the signing of an MOU recently, and the occasion was held at the DFCC Bank Head Office where senior officials from both organisations were present, DFCC said in a media release.

Acknowledging the crucial need for such a scheme at this time, Thimal Perera - Director/CEO, at DFCC Bank said, "Ensuring sustainable, reliable, and even self-sufficient power generation for this sector is essential at this juncture. Thus, we have worked together with SLASSCOM to present the industry with tenable sustainable solutions. Through this arrangement, industry stakeholders can access special financing schemes and preferential interest rates along with a host of other benefits, for investments into sustainable power generation, exclusively from DFCC Bank.”

Commenting on the partnership, Ashique Ali – Vice Chair at SLASSCOM added, “Sri Lanka’s IT/BPM sector is one of the key foreign exchange earners for Sri Lanka with earnings topping US$1.5 Billion in 2021, and projected to reach $5 billion by 2025. This is an industry that has shown resilience throughout the pandemic, and thereafter the current financial crisis, growing in exports and employment; adopting flexible work arrangements to deliver on its commitments to global clients and investors.”