Pan Asia Bank partners CBH Lands to assist potential land buyers

Pan Asia Bank MD/CEO Nimal Tillekeratne and CBH Lands Chairman Yatila Wijemanne exchanging the agreement. Also seen (from left): Senior Manager Central Sales Anuradha Ranaweera, AGM Retail Credit Shiyan Perera, Pan Asia Bank Senior DGM Naleen Edirisinghe, and CBH Lands Deputy Chairman Manjarie Tissera  

Pan Asia Bank, which has played a pivotal role in promoting the development of the local economy as part of its commitment to nation-building by partnering SMEs, reflects its promise to be a truly Sri Lankan bank for all. This newest initiative by Pan Asia Bank offers assistance to potential home buyers to access CBH’s real estate offerings through the bank. 

CBH Lands is a trusted real estate developer mainly focused in the Kurunegala District, which is developing rapidly, especially with the new Central Expressway. In this context, Pan Asia Bank offers potential buyers, funds to place a down-payment when reserving land through CBH Lands. This unique arrangement fulfils the buyer’s initial financial requirement to secure the land for full purchase later on. It also gives buyers ample time to arrange for the balance payment when it falls due and helps them realise their dreams of owning an idyllic home in a rapidly-growing suburb. 

This groundbreaking offering is the first of its kind in banking history where a personal loan of this nature has been developed. Pan Asia Bank is pleased to support and share a part of the financial liability of the client with a view to paving the way for the client to acquire a stable asset with long-term potential which will appreciate in value. Thus, Pan Asia Bank is encouraging citizens to own a land or home within the country, promoting financial security for people.

CBH Lands has embarked on a number of developments across the entire Kurunegala District. All developments undertaken by CBH Lands have been approved by the necessary government institutions and bodies, legally clean land plots with all infrastructure developed ready for immediate investment. This provides an ideal opportunity for the investor as all the red tape has been cleared by CBH Lands. These lands are obtained by identifying potential hotspots through intensive research carried out by the company’s research arm and the ground selection. As such, it ensures that the lands are affordable owing to their strategic locations.

CBH Lands caters to a diversified array of clients who need property for residential purposes and long-term investment purposes such as business collateral, university/college funds and retirement purposes. A respected name in real estate development close to a decade, the objective of CBH Lands is investment and sales across the country, especially within Kurunegala District in the North Western Province. The exclusive mark of excellence of CBH Lands is that it has customised the locality and the size of the land in accordance with the requirements of the client, whilst ensuring that the land is screened, legally cleared and then developed according to the needs of the client. 

Pan Asia Bank lives up to its pledge to be a Truly Sri Lankan Bank by extending financial security and peace of mind to citizens while uplifting their lifestyles with its unique products and services. With the Sri Lankan economy at a crucial juncture, Pan Asia Bank is encouraging financial stability and promoting investments to stimulate the economy, by facilitating the SME sector as well as the general public in acquiring an asset which can be further described as a twofold contribution to the economy. 

Pan Asia Bank was crowned the ‘Fastest Growing Commercial Bank in Sri Lanka 2021’ by International Business Magazine in 2021. Moreover, the bank was recently bestowed with the prestigious ‘Best Bank for Treasury Activities Sri Lanka – 2021’ awarded by the Global Banking & Finance Awards 2021. 

As the Truly Sri Lankan Bank, Pan Asia Bank aims to uplift the lifestyles of customers in a way that supports them to achieve their dreams. As a reliable and strong partner in every customer’s journey to financial prosperity, Pan Asia Bank has devised a variety of sustainable products and solutions to meet people’s aspirations.