DFCC Vardhana Bank, Sampath Bank to support future credit card operations

DFCC Vardhana Bank (DVB), the everyday banking unit of DFCC Bank, signed a Memorandum of Understanding (MoU) with Sampath Bank to provide DVB with the credit card processing facilities necessary for its upcoming launch of credit card services.

The MoU is the first step in providing the extra advantage of credit card services to DVB's fast growing customer base. The further cementing of its partnership with Sampath Bank also accommodates improved learning by DVB in the important credit card sector, which may eventually contribute to the four-year old DVB playing a leadership role in this sector.

Participating in the signing from DFCC Vardhana Bank was Managing Director, L.G. Perera, Chief Operating Officer, Lakshman Silva, and Head of Personal Financial Services, Manoj Algama while Sampath Bank was represented by Managing Director, Anil Amarasuriya, Chief Operating Officer, Aravinda Perera and Deputy General Manager, Systems Development, E-Banking and Card Centre, Ranjith Narangoda.

Sampath Bank's Managing Director, Anil Amarasuriya, said that Sampath Bank had helped many banks launch their credit card facilities and is prepared to support DVB with any facilities and training needed to make DVB's undertaking a success.