Introduction From 1987 to early 1990, most of the businesses and infrastructure in the South were destroyed because of civil unrest. This led to the recognition of the need to develop the economic structure of the South to avoid such civil uprisings again.
On recognition of the wealth of skills and entrepreneurship available in the South and previous economic unrest, DFCC Bank decided to open its second branch in the island in Matara. Initially a representative office was opened on 15th October 1990, which was subsequently converted into a full fledged branch on 21st of February 1991.
Thus DFCC became the first development bank in the South. By 1994, the Matara Branch became the major financier for small and medium projects in the South.
Type
of Facilities Granted
Project
Loans Working
Capital Loans Agricultural
Loans Leasing
Facilities Bills
Discounting Letters
of Guarantees Pioneers
in introducing leasing facilities to the South
Key
Sectors Financed
Agriculture
- mainly tea and cinnamon industry
Fisheries
-
despite
the fact that most banks are reluctant to extend
credit to this sector, DFCC has provided 76 multi-day
boats.
Food
& Beverages Hotels
& Restaurants Garment
Industry Leather
Products, Footwear Rubber,
Wood and Plastic Products Construction
Industry Services
such as Service Stations, Nursing Homes etc. Trading
- one of the largest sectors financed
Loan
Schemes
All
SMI Credit Schemes (III & IV) Tea
Small Holder Development Loan Scheme Perennial
Crop Loan Scheme Southern
Province Development Credit Scheme
Project
Loans 
