In a bid to enhance growth opportunities for Agricultural Micro, Small and Medium Enterprises (MSME), Sri Lanka’s HNB PLC, launched the Micro Leasing facility anchored to a myriad of benefits and opportunities for entrepreneurs. Working in line with initiatives drawn by the Central Bank (CBSL) to strengthen the sector, HNB will ensure customers can further enhance their entrepreneurial capabilities. The facility will also provide customers access to an extensive range of deals and benefits from the bank’s wide portfolio of merchant partners. “For Sri Lanka to achieve long term sustainable growth, it is vital that we empower the MSME sector, which contributes an estimated 52% to the GDP.”
“Therefore, I wish to thank HNB for the initiatives taken over the past few years through the Gami Pubuduwa campaign and for launching this facility, which willprovide entrepreneurs with the opportunity to grow their businesses in a sustainable manner,” CBSL Assistant Governor J. P. R. Karunaratnestated. HNB Executive Director/Chief Operating Officer Dilshan Rodrigo, said: “HNB has worked with over 10,000 MSME customers through the Gami Pubuduwa initiativeand we hope to expand this supportive network to othersthrough this new facility. “We are looking forward to supporting and enhancing the capabilities of businesses affected by the pandemic and those created because of it by facilitating a common platform for our corporate clientele and the medium and small rural customers to establish and foster supply chains for an export-oriented economy.” Customers availing themselves of the facility are entitled to a free life insurance cover of Rs.4.5 million. The insurance is also anchored to discounted premiums from HNB General Insurance. “This facility is launched for a segment thatwe care a lot about, and we believe the sector has the potential to grow in the future. As the private sector bank with the largest leasing portfolio in the country, we are keen to strengthen the MSME sector to transform the national economy to one that is export-oriented.” HNB Deputy General Manager -Retail and SME Banking Sanjay Wijeymanne said.
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