DFCC Bank, the pioneer development bank in the country, with over 55 years of committed work towards providing development banking services to Sri Lankan business community, has been implementing a strategic plan to develop internal capabilities of SMEs across the country. The project which has been going on for several years has benefitted more than 8,000 Small and Medium sized Entrepreneurs (SMEs) especially in the outstations.
SMEs form an important strategic sector in promoting economic growth, social development and reducing poverty especially in the regions. DFCC’s long term commitment to help develop this sector extends well beyond financing. The Bank has a track record of having developed small and medium scale enterprises to become some of the big and best businesses of today. A discussion with DFCC’s Ananada Kumaradasa, Senior Vice Presdient, Branch Banking and SME reveals the strategy and work that has gone into supporting SMEs turn into profitable and sustainable businesses.
Q: As the pioneer development bank in the country what has been your approach to SMEs?
DFCC was probably the first bank to set up a dedicated unit in the 1988 consisting of a team of trained professionals to service SMEs and specifically those in the outstations. Back then we established branches in key provincial towns in order to give continuous support to SMEs from close proximity. Even
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