"In order to properly rebuild their lives, Sri Lankans affected by conflict or natural disasters need fair and secure access to home loans," Philip Erquiaga, director general of ADB’s private sector operations department said in a statement.
"A well-functioning mortgage system with greater commercial bank participation will help reach these often underserved borrowers and help close the market gap."
ADB said DFCC Vardhana is a medium-sized bank with a niche strategy to serve the underserved segments. It had a good credit standing and had a 1.3 percent market share of total banking loans in Sri Lanka.
The bank was expanding its network in post-conflict areas and had received technical support from the ADB to improve is mortgage loan operations.
ADB said 5.0 percent of