DFCC bags three awards

DFCC Bank CEO Nihal Fonseka with the award

DFCC bagged three awards at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards Ceremony in Mongolia recently.

ADFIAP Awards are contested by 131 member institutions in 45 countries. DFCC Bank, a founder member of the Association has been winning awards every year for its outstanding project work. This year DFCC received awards for 'The Most Outstanding Local Economic Development Project', 'The Best Annual Report' and 'The Best Website'.

The award for 'The Most Outstanding Local Economic Development Project' was won for DFCC's role in supporting the Annai sea food processing factory; a state-of-the-art crab and cuttlefish processing plant in the Jaffna district, targeting the export market.

"This project was one of the first to capitalise on the peace dividend. The Bank guided and financed the venture with a special loan scheme, which has provided direct employment to over 300 people and contributed to the livelihood of those working in 16 collection centres and the local fishermen who supply the factory," a spokesman for the bank said.

DFCC Bank's annual report for 2011/12, which was in line with the framework for Global Reporting Initiatives (GRI), that requires reporting on economic, social and environmental aspects, won the Best Annual Report Award.