DFCC Bank PLC Announces Impairment Results for the Quarter Ended 31 March 2020

DFCC Bank PLC is a Sri Lanka-based financial solutions provider. The Company provides a range of financial services, such as accepting deposits, corporate credit and retail banking, personal financial services, project financing, investment banking, foreign currency operations, trade finance and dealing in government securities and treasury-related products. The Company operates through four segments: Corporate Banking, Retail Banking, Treasury and Other. Corporate Banking segment is involved in loans, deposits and other transactions and balances with corporate customers. Retail Banking segment is involved in loans, deposits and other transactions and balances with retail customers. Treasury segment is involved in funding and centralised risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in liquid assets, such as short-term placements and corporate and government debt securities.