DFCC Bank and Codegen Partner to Champion Accessible Sustainable Energy Solutions

DFCC Bank PLC has recently entered a Memorandum of Understanding (MOU) with CodeGen Sustainable Solutions (Private) Limited – a respected solar power generation solutions supplier. This partnership marks a significant step towards addressing the growing demand for electricity in Sri Lanka through innovative solar energy solutions and is in line with the duo’s shared commitment to supporting sustainable development through practical financial and energy solutions that benefit individuals, businesses, and the environment. Accordingly, DFCC Bank now offers a financially accessible and attractive pathway to reduce dependence on traditional energy sources and lower electricity costs for customers choosing CodeGen’s solar power solutions.

The competitive solar loan packages DFCC Bank provides for CodeGen customers offer an attractive 11.50% fixed interest rate for five years. Additionally, customers can extend the loan tenure for up to 10 years, providing a reliable long-term financial solution to reduce electricity costs while contributing to the growth of sustainable energy in Sri Lanka. This is further strengthened by CodeGen’s array of world-class tailored solar energy solutions, optimised for efficiency and backed by 20 years of business experience.

Aasiri Iddamalgoda – Senior Vice President of Retail and SME at DFCC Bank, commented, “Our collaboration with Codegen Sustainable Solutions exemplifies our commitment to supporting sustainable energy adoption by leveraging strategic partnerships. Offering competitive Solar Loans, we aim to empower individuals and businesses to take control of their energy consumption and reduce their reliance on traditional electricity sources. Partnerships like this are thus critical steps towards a greener, more energy-efficient future for Sri Lankans.”

As Sri Lanka faces growing challenges related to rising energy consumption and electricity costs, DFCC Solar Loans provides a future-facing, environmentally responsible solution that aligns with the global shift towards sustainable energy. Combining DFCC Bank’s innovative financial services and CodeGen’s expertise in solar power generation technology, this partnership offers a seamless, well-rounded solution to address the current and future electricity needs of Sri Lankans. To learn about DFCC Solar Loans, please call 0112350000.

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L – R  Ameer Hamdi - (Codegen - Associate Manager - Business Development) ,Maheshika Bandara -(Codegen - Chief Investment Officer) , Kusal Subasinghe (Codegen - President - Legal and Operations.), Aasiri Iddamalgoda (DFCC Bank - Senior Vice President - Retail Banking and SME), Samanthri Kariyawasam (DFCC Bank - Head of Legal) , Asanka Patabadige (DFCC Bank - Assistant Vice President - Retail Banking and SME) , Thusitha Subramaniam (DFCC Bank - Executive - Retail Banking an SME)

 About DFCC Bank

DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the 'Most Trusted Retail Banking Brand' and the 'Best Customer Service Banking Brand' in Sri Lanka in 2021 by Global Brands Magazine UK and 'Market Leader and Best in Service in Cash Management 2022' by Euromoney. Additionally, DFCC Bank is ranked among Business Today's Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.