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June 30, 2015 6:45 PM ET

Banks

Company Overview of DFCC Vardhana Bank PLC

Company Overview

DFCC Vardhana Bank PLC provides commercial, personal, and retail-banking services. The company’s services include current accounts, savings accounts, bonus savings accounts, fixed deposits, junior savings accounts, gift certificates, foreign currency accounts, and trade related finances. It also operates banking units at post offices that provide commercial and personal financial services, including savings and other deposit products, cheque deposits, foreign currency encashment and deposits, demand drafts, cashiers orders, acceptance of loan applications, junior accounts openings and acceptance of deposits, and outward remittances services. DFCC Vardhana Bank PLC was founded in 1995 and is ...

73, W A D Ramanayake Mawatha

Colombo,  02

Sri Lanka

Founded in 1995

Phone:

94 11 237 1371

Fax:

94 11 237 1372

Key Executives for DFCC Vardhana Bank PLC

Chief Executive Officer and Director
Age: 54
Executive Vice President of Finance, Secretary and Director
Age: 52
Head of Customer Relations
Head of International
Head of Treasury
Compensation as of Fiscal Year 2014.

DFCC Vardhana Bank PLC Key Developments

DFCC Vardhana Bank PLC Appoints A W Atukorala as Director of the Company

DFCC Vardhana Bank PLC announced that the appointment of Mr. A W Atukorala as a Director of the company with effect from June 25, 2015. Mr. Atukorala will not meet the criteria of independence in terms of CSE Rule 7.10.4 and as such will continue as a non-executive director.

DFCC Vardhana Bank Appoints H.A. Ariyaratne to Board of Directors

H.A. Ariyaratne was recently appointed to the board of directors of DFCC Vardhana Bank (DVB). Ariyaratne has over 33 years of experience in the banking industry and his new appointment at DVB was made effective from March 4, 2015. He has also served as an Executive Vice President of DFCC Bank. H.A. Ariyaratne was the former Chief Executive Officer of Lanka Ventures PLC. Currently Ariyaratne serves as a Director of Laugfs Holdings Limited and a few of its subsidiary companies as well as the boards of Kuruwita Textiles Mills Limited and Finagle Lanka (Private) Limited.

DFCC Vardhana Bank PLC Announces Executive Changes

DFCC Vardhana Bank PLC announced that at the Board meeting held on 26th September 2014, decided that Mr. Cedric Royle Jansz will succeed the current Chairman, Mr. J M S Brito, when his term of office as the Chairman of the Board DFCC Vardhana Bank ends on 11th October 2014. The retirement of Mr. Brito is under the section 3 (2) of the Banking Act Direction No 11 of 2007 which limits the maximum period of service of a director of a licensed commercial bank to nine years. Mr. C R Jansz is presently the Chairman of DFCC Bank and serves on the Board of DFCC Vardhana Bank PLC from 9th June 2014.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 15, 2015
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