DFCC Bank secures loan from Middle East to fuel offshore expansion plans

Seated from left: RAKBANK Managing Director Wholesale Banking Rahul Oberoi, RAKBANK CEO Peter England, DFCC Bank Deputy CEO and Board Member Lakshman Silva and DFCC Bank SVP Treasury and Resource Mobilization Kapila Nanayakkara along with other RAKBANK and Alpen Capital senior members 

A three-year US dollar term loan facility has been secured by DFCC Bank from National Bank of Ras Al Khaimah (RAKBANK) of the United Arab Emirates (UAE). Alpen Capital (ME) Limited, an investment banking advisory firm, also UAE-based, acted as the sole financial advisor to the transaction.