Alpen Capital has advised DFCC Bank PLC, Sri Lanka, in raising a USD 150MM long term facility. The facility was provided by Development Finance Corporation, the development finance institution of the United States, and will be used by DFCC to fund the growth of its micro, small and medium enterprises portfolio and women-led SMEs portfolio.
About DFCC Bank PLC: DFCC Bank PLC was established in 1955, as Sri Lanka’s first Development Finance Institution on the recommendation of the World Bank and was listed in 1956. It is one of Asia’s oldest development banks. In 2015, the Bank and its owned subsidiary, DFCC Vardhana Bank merged and received a commercial banking license. Over the years, the Bank has grown from strength to strength and today, the Bank is recognized as one of the leading private sector commercial banks in the country, As the first Development Bank in the country, the Bank continues to be the preferred lender of choice for ‘Green Development’ projects including waste to energy, hydro, wind and solar projects.
About US Development Finance Corporation (DFC): U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. DFC mobilizes private sector investment in emerging economies and prioritizes investments in lower-income countries and underserved communities. DFC offers debt financing, equity investments, funding for emerging markets private equity funds, political risk insurance, feasibility studies and technical assistance.