A range of benefits including discounts on the purchase price, competitive lease rentals, special insurance packages and value-added services are now available to buyers of Isuzu Motor Lorries leased via the Commercial Bank of Ceylon.
A recent agreement between the Bank and Sathosa Motors PLC, which paved the way for this offer, envisages the provision of a discount of Rs 50,000 on the purchase price from Sathosa Motors for each Isuzu Motor Lorry leased via Commercial Bank. The company also offers six “free-labour” services for buyers under the scheme.
Commercial Bank complements these benefits with competitive rentals and special schemes for selected Isuzu Motor Lorries and will arrange for attractive insurance cover for lessees through Commercial Insurance Brokers, an associate of the Bank. In addition, the Bank will also leverage its islandwide network of branches to provide a speedy service to lessees.
“Recent policy changes encouraging ownership of motor lorries, make this offer an extremely timely one. Many who aspired to acquire high quality Isuzu vehicles will now find them within their reach,” Nugent Kapuwatte, Head of Leasing and Personal Loans at Commercial Bank said. “This offer also represents Commercial Bank’s continuing commitment to add value to customers of its leasing products by entering into agreements that increase benefits to customers, and to provide an impetus to the country’s rapid development.”
Established in 1962, Sathosa Motors has succeeded in strengthening its reputation in the commercial truck segment with its brand of Isuzu commercial, heavy duty and light duty vehicles and pick up trucks. The Isuzu brand has always been one that commands strong consumer loyalty whilst also enjoying the position as market leader in the local truck market. Worldwide, Isuzu is filling a significant role as a manufacturer of commercial vehicles, light commercial vehicles and diesel engines from Japan. Sathosa Motors is the sole-agent for Isuzu trucks in Sri Lanka.
Commercial Bank is one of the leading leasing service providers in the country and is a member of the Leasing Association of Sri Lanka. The Bank provides leasing facilities for a range of assets of diverse values including machinery.
Established in 1969, Commercial Bank is the largest private bank in Sri Lanka, and the only Sri Lankan Bank listed in the world’s Top 1,000 Banks. It operates a network of 213 service points in Sri Lanka and the country’s single largest network of 500 ATMs. The Bank has been adjudged ‘Best Bank in Sri Lanka’ for 13 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade Finance’ magazines.
Photo Caption : Ravi Dias – Chief Operating Officer of Commercial Bank (5th from right) and Deshamanya Tilak Dias Gunasekera – Executive Director Sathosa Motors PLC exchange the agreement. Others in the picture are (from left) Saman Kalansuriya – Chief Manager, Leasing and Personal Loans and Nugent Kapuwatte – Head of Leasing and Personal Loans of Commercial Bank and Mrs. Thejani Kodituwakku – Finance Manager and Neomal Fernando – Marketing Manager of Sathosa Motors and S Renganathan – Deputy General Manager Personal Banking, Marion Abeywardene – Deputy General Manager Corporate Banking, Carmalita de Silva – Assistant General Manager Corporate Banking and Vimal Fernando – Assistant General Manager Personal Banking of Commercial Bank.