HSBC ties up with DFCC Vardhana Bank

Monday, 1 November 2010 01:13 - - {{hitsCtrl.values.hits}}

HSBC has entered into a strategic partnership with DFCC Vardhana Bank to offer convenient Banking solutions to its Corporate Banking customers with the use of DFCC Vardhana Banks’ Branch network and Postal Banking units, located island-wide.

Under this new agreement HSBC Corporate Banking customers and their clientele will have the opportunity to make cash and cheque deposits for payments including utilities, insurance premiums and memberships, at any one of 45 DFCC Vardhana Bank branches and 66 Postal Banking units.

In addition to this, companies requiring bulk cash collections in the North and East provinces can utilise these branches to collect urgent bulk payments through an HSBC collection account.

This new agreement is yet another initiative set by HSBC to facilitate convenient Banking for Corporate Banking customers and their clientele, through a wider network base of over 110 outlets.

DFCC Vardhana Bank (DVB) is one of Sri Lanka’s premier Commercial Banks and is the commercial arm of DFCC Bank which is Sri Lanka’s Pioneer Development Bank. DVB is currently in a rapid expansion stage and comprises of over 110 Branches – Service Centers Island wide.

The Hongkong and Shanghai Banking Corporation Limited is the founding and a principal member of the HSBC Group which, with around 8,000 branches in 87 countries and territories and assets of US$2,418 billion at 30 June 2010, is one of the world’s largest banking and financial services organisations.