Article
DFCC Bank
Colombo, Sri Lanka: Customers aspiring to own a BMW can now access flexible DFCC Leasing solutions together with exclusive service and warranty benefits through a new strategic partnership between DFCC Bank and Mels Automobiles (Pvt) Ltd.
The partnership was formalised through a Memorandum of Understanding signed on 5 November 2026, with the participation of senior representatives from both organisations. It marks Mels Automobiles’ first banking partnership since assuming the authorised BMW dealership in Sri Lanka, with DFCC Bank becoming its inaugural banking partner.
The collaboration brings together DFCC Bank’s financing expertise and Mels Automobiles’ premium automotive and after-sales capabilities, creating a more connected experience from vehicle selection and financing to servicing and longer-term ownership.
Through the partnership, eligible customers can access DFCC Leasing facilities with repayment periods of up to seven years at competitive interest rates, subject to credit evaluation and applicable terms and conditions.
Customers obtaining financing through DFCC Bank will also receive three complimentary services and an additional two-year warranty from Mels Automobiles, extending the total warranty period, subject to applicable terms and conditions.
The financing proposition is available to eligible customers seeking to purchase a BMW through Mels Automobiles.
To introduce the collaboration, DFCC Bank invited DFCC Pinnacle customers to an exclusive private preview of the new BMW 7 Series. The event provided guests with an opportunity to experience the luxury sedan in an intimate setting while learning more about the financing and ownership benefits available through the partnership.
Thimal Perera, Director and Chief Executive Officer of DFCC Bank, said: “For many customers, owning a BMW represents years of ambition, progress and personal achievement. Our role is to make the financial path towards that aspiration more considered, flexible and reassuring. By bringing together DFCC Bank’s financing expertise and the premium automotive experience offered by Mels Automobiles, we are creating an ownership journey that reflects the quality and confidence customers expect from both brands.”
Anushka Polonowita, Chief Executive Officer of Mels Automobiles (Pvt) Ltd., said: "When you choose a BMW, you are choosing the team and the institution behind it. As part of Melstacorp, Mels Automobiles brings that stability to every customer, and our first banking partnership with DFCC Bank carries it into the buying journey itself. Flexible financing, genuine vehicles, authorised after-sales care and an extended warranty come together in a single promise to look after our customers well beyond the day they collect their car. This is the first of many steps in a new chapter for BMW in Sri Lanka, and we intend to build it with our customers and our partners."
Mels Automobiles, a wholly owned subsidiary of Melstacorp PLC, is the authorised importer and dealer for BMW vehicles in Sri Lanka. Its operations encompass the importation, sale and distribution of new BMW vehicles, together with genuine BMW parts and authorised after-sales services.
For DFCC Bank, the partnership reflects its wider focus on making significant financial decisions easier for customers by connecting relevant financing options with trusted specialist partners. It also strengthens the Bank’s ability to serve customers across different stages of their financial progress, from everyday banking requirements to major personal and lifestyle investments.
By bringing financing, authorised after-sales support and exclusive ownership benefits together, DFCC Bank and Mels Automobiles are creating a more seamless and considered route to BMW ownership.
Customers may contact DFCC Bank or Mels Automobiles for further information on eligible vehicles, financing options, benefits and applicable terms and conditions.
Photo Credits:
Thimal Perera, Director and Chief Executive Officer, DFCC Bank PLC exchanging the MOU with Anushka Polonowita, Chief Executive Officer of MELS Automobiles (Pvt) Ltd.
Also in the picture from left to right: P. A. Jayatunga, Non-Executive Director, DFCC Bank PLC, Ishani Palliyaguru, Senior Vice President, Head of Wholesale Banking & Trade, DFCC Bank PLC, Damien Fernando, Executive Director, MELS Automobiles (Pvt) Ltd. & Melstacorp PLC.
About DFCC Bank
DFCC Bank PLC, established in 1955 and listed on the Colombo Stock Exchange since 1956, is one of Sri Lanka’s leading financial institutions. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, the Bank offers a comprehensive portfolio of retail, corporate, and SME banking services, along with treasury, investment, and trade finance solutions.
With customer centricity and sustainable innovation at its core, DFCC Bank delivers seamless and secure banking experiences, which include digital platforms like DFCC MySpace, and through a network of 133 branches and access to over 6,000 ATMs via the LankaPay network.
A recognised leader in sustainable finance and renewable energy initiatives, DFCC Bank is committed to reducing environmental impact and fostering long-term economic resilience.
About Melstacorp PLC
Melstacorp PLC is one of Sri Lanka’s leading diversified conglomerates with a strong presence across
multiple sectors including automotive, plantations, leisure, manufacturing, and trading. The Group is recognized for its financial stability, disciplined governance, and ability to build sustainable, customer-focused businesses that create long-term value for stakeholders.
About Mels Automobiles (Pvt) Ltd.
Mels Automobiles (Pvt) Ltd. is the automotive arm of Melstacorp PLC, established to develop and manage world-class automotive brands in Sri Lanka through professional management, operational excellence, and customer-centric service delivery.
