Commercial Bank and DIMO exclusive Mercedes-Benz deal for lease customers

Representatives of the Senior Management of Commercial Bank and DIMO at the signing of the agreement

Commercial Bank and DIMO have come together to provide discounts and other benefits to customers when they purchase Mercedes-Benz vehicles from DIMO under an exclusive promotion unveiled by the two corporate sector leaders this week.

Available on a first-come, first-served basis till stocks last, the offer includes attractive leasing options at a reduced interest rate of 13% per annum on the value of the lease and special vehicle insurance options from Commercial Bank. 

“Mercedes-Benz is an automotive brand that defines luxury, quality and style and we are delighted to partner with DIMO to offer our leasing customers an opportunity to own one of these prestigious vehicles,” Commercial Bank Managing Director/Chief Executive Officer Jegan Durairatnam said. “With two leading organisations collaborating on this offer, customers are assured of a great deal and exceptional quality and service.”

“At Mercedes-Benz we strive every day to provide our customers with the best experiencethe market has to offer. This partnership between DIMO and Commercial Bank assures that our customers get the best of both organisations,” said Diesel & Motor Engineering PLC Group Chief Executive Officer Gahanath Pandithage.

The only Sri Lankan bank to be ranked among the Top 1000 Banks of the World for six years consecutively, Commercial Bank operates a network of 251 branches and 630 ATMs in Sri Lanka.The Bank has won multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank, Most Respected Bank from a number of local and international institutions and publications over several years and has also been adjudged one of Sri Lanka’s 10 best corporate citizens by the Ceylon Chamber of Commerce for several years.

Commercial Bank’s overseas operations encompass Bangladesh, where the bank operates 18 outlets and Myanmar, where it has a Representative Office in Yangon. The bank will open a fully-fledged Tier I Bank in the Republic of Maldives in 2016. The bank also recently received a license to operate a fully owned Money Transfer Operation in Italy.

Founded in 1939, Diesel & Motor Engineering PLC currently has over 1,600 employees and reported sales of Rs. 37.5 billion in 2015-16. The company has a record of more than 77 years of experience in the automobile and engineering industry and has made a major contribution towards the development of infrastructure and road transportation in Sri Lanka. DIMO is the only authorised distributor for Mercedes-Benz in Sri Lanka.

The DIMO 800 – Mercedes-Benz Center is undoubtedly the most ambitious and rewarding venture undertaken by the Company in its 75 year history. The centre offers a contemporary-styled, single-point hub for the discerning visitor to experience the wonderful world of Mercedes-Benz in an ambience of opulence and sophistication. This facility offers sales, service and parts for all Mercedes-Benz passenger vehicles under one roof. This is the most advanced Mercedes-Benz Centre in the region and includes the largest workshop facility among all other similar centers across South Asia.

DIMO has an island wide branch network of 44 customer contact points which includes service and display points as well as a 24 hour road side assistance team for customer convenience.