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The Merchant Bank of Sri Lanka & Finance PLC (MBSL), affiliated with the Bank of Ceylon, has launched a vehicle sales promotion program named ‘Leasing Wahanapola’. Under this program, MBSL is holding Leasing Wahanapolas in main cities throughout the island. Accordingly, a Leasing Wahanapola was held in Kuliyapitiya town recently and a spokesman from MBSL stated that it was very successful.
MBSL is organising these Wahana Wahanapolas with the objective of providing leasing facilities for customers under special benefits enabling them to purchase their vehicles quickly. The spokesman from MBSL further stated that the feedback they are receiving from customers island-wide in highly positive. Registered and unregistered brand new vehicles such as motor cycles, scooters, three-wheelers, motor cars, vans and trucks under recognised brand names can be purchased under leasing facilities from these Leasing Wahanapolas.
Special benefits to customers from these Leasing Wahanapolas are the ability of obtaining leasing facilities in one day, fast and courteous service, minimum documentation, lowest premium payments, competitive rates of interest and repayment period of up to five years. Recognised professionals in the Government and the private sector, small and medium scale entrepreneurs and large scale businessmen can get several special benefits from the Leasing Wahanapola. Established in 1982, the Merchant Bank of Sri Lanka was quoted as a public listed company on the Colombo Stock Exchange in 1991. At present, MBSL, which functions as a highly successful leading pioneer in Sri Lanka’s investment and merchant banking sector, offer customers a wide range of products such as leasing facilities, corporate and retail credit to small and medium scale industries and business enterprises, pawning services and real estate, corporate advisory and capital market, savings and children’s accounts and fixed deposits. With a 74% stake, the biggest shareholder of MBSL is the Bank of Ceylon, the giant state-run banking institution in the country. MBSL has 49 branches across the country.