HNB joins hands with DIMO to promote construction and mining equipment

Tuesday, 11 September 2012 00:33 - - {{hitsCtrl.values.hits}}

HNB again joined hands with DIMO to offer leasing facilities for construction machinery and equipment recently.

The objective of this agreement is to facilitate all small, medium and large scale contractors to use financial options enabling them to procure their equipment needs such as hydraulic excavators, bulldozers, motor graders, wheel loaders, concrete mixer trucks, pumps and batching plants, breakers, road rollers, paving products, tower and mobile cranes, etc., for construction work islandwide.

This is due to the Government focusing more on infrastructure development in the country extending to roads, irrigation, power, water, airport, etc.

This agreement will facilitate potential clients around the country to fulfil their needs strategically as DIMO and HNB have a close-knitted branch network in the country.

To promote the construction and mining equipment, HNB will provide tailor-made leasing packages to their customers according to their repayment capacity with competitive interest rates. In addition HNB Assurance PLC will provide discounted insurance premium along with Rs. 1.2 m Life insurance cover.

HNB and DIMO will also have joint customer gathering events around the country displaying machinery together with available financial options and services.

Industry experts point out that, this will be a unique feat as this will encourage especially small and medium term contractors to easily approach the banks where they will receive hassle free financial solutions in their locality enabling them to venture-out into new projects.

The country would also be benefited with the boom in new development activities facilitated through this partnership. This would also save on exchange of used machine imports and subsequent expenses on maintenance, as new machines will provide trouble free operations for longer years while producing higher output and preserving the environment as well from harmful fumes.