Commercial Bank Chief Operating Officer Sanath Manatunge (third from right) and Hayleys Agriculture Holdings Managing Director Jayanthi Dharmasena exchange the agreement. Also present from left: Hayleys Agriculture Deputy General Manager Sumith K. Herath, Director Amjad Rajap, Commercial Bank Deputy General Manager – Marketing Hasrath Munasinghe and Deputy General Manager – Personal Banking Sandra Walgama
- Discounts of up to Rs. 50,000, lower instalments and reduced interest rates for purchase of tractors and agri machinery till March 2020
The Commercial Bank of Ceylon and Hayleys Agriculture Holdings Ltd., two leaders in their respective fields, have come together once again to offer entrepreneurs in the agriculture sector an opportunity to purchase new equipment or upgrade existing machinery.
A joint promotion by the two companies offers discounts of up to Rs. 50,000, lower instalment payments and special interest rates for purchases of tractors and agricultural machinery from Hayleys on leases from Commercial Bank.
This promotion will be in effect till end-March 2020 and will apply to purchases of Kubota 4x4 tractors (L4508 and L3408), Farmtrac tractors (FT6050 Heritage series), Kubota Combine Harvesters (DC-70G), Agrotech Harvesters (Agrotech Eco, Agrotech KOOL and Agrotech Bro), and Kubota Transplanters, the bank said.
Commercial Bank will reduce the down payments necessary for these purchases during the promotion period, and offer special lease rentals in addition to the noteworthy discounts provided by Hayleys Agriculture.
Hayleys Agriculture will not only make these products widely accessible in the market, but also deploy a technical team of professionals for aftersales service around the clock. Additionally, the company will ensure its dealer network keeps stock of genuine spare parts for the machinery island-wide.
For ease of access, the agricultural machinery covered by the promotion will be displayed at selected Commercial Bank branches, making the process of decision making that much easier for customers seeking to benefit from the promotion. The bank’s 16 Agriculture and Micro Finance units will play a key role to promote this product, the bank said.
Commenting on the joint promotion, Commercial Bank Deputy General Manager Marketing Hasrath Munasinghe said: “Commercial Bank is already one of the highest lenders to the SME sector in Sri Lanka. With promotions such as these, the bank ventures to further uplift this sector by offering opportunities that enable interested parties to embark on farming enterprises, expand existing operations or upgrade their equipment without feeling the pinch too much. Support to this sector also means support to the national economy.”