Commercial Bank’s Chief Operating Officer Sanath Manatunge and MsJayanthi Dharmasena, Managing Director of Hayleys Agriculture Holdings exchange the agreement in the presence of Commercial Bank’s Deputy General Manager, Personal Banking, Sandra Walgama and Deputy General Manager , Marketing Hasrath Munasinghe, Hayleys Agriculture Director Amjad Rajap and the company’s Deputy General Manager Sumith K. Herath.
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 with lower installment payments and special interest rates for purchases of tractors and agricultural machinery from Hayleys on leases from Commercial Bank.
This promotion would be in effect till end March 2020 and would apply to purchases of Kubota 4x4 tractors (L4508 & L3408), Farmtrac tractors (FT6050 Heritage series), Kubota Combine Harvesters (DC-70G), Agrotech Harvesters (Agrotech Eco, Agrotech KOOL & Agrotech Bro), and Kubota Transplanters, the Bank said.
Commercial Bank would 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 after-sales 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’s Deputy General Manager Marketing Hasrath Munasinghe said, “The 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.”
Hayleys Agriculture has been spearheading the Agricultural sector of Sri Lanka since the 1950s. One of the top-ranked firms in this sphere in the region, it is renowned for a wide array of innovative and sustainable agricultural solutions that cater to the entire agri value chain and support aquaculture, high-tech horticulture and bio technology applications
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