CAL Partners acted as the exclusive transaction advisor to DFCC Bank on the proposed acquisition of the wealth and retail banking business of Standard Chartered Bank Sri Lanka, for a consideration of LKR 3.7 billion, subject to approval by the Central Bank of Sri Lanka.

We are proud to be the only investment bank in Sri Lanka to have advised an acquiring bank to a definitive agreement amidst a period marked by multiple foreign banks exiting their retail banking operations in Sri Lanka.

Congratulations to our client, DFCC Bank and Standard Chartered Sri Lanka on a successful agreement that represents a positive step forward for all stakeholders including customers and employees of Standard Chartered Bank Sri Lanka.

We extend our appreciation to DFCC Bank’s leadership team Thimal Perera and Shamindra Marcelline as well as legal advisors FJ&G de Saram, Buwaneka Basnayake, and due diligence partner KPMG Sri Lanka, for their collaboration and professionalism throughout the transaction.

This transaction reflects CAL Partners’ strength in the Financial Services sector, and our commitment to advising on strategically significant, high-impact transactions that shape Sri Lanka’s financial landscape.