Continuing to support the agricultural sector despite the challenges faced today, Sri Lanka’s leading private sector bank HNB PLC partnered with Lanka Commercial Trading Pvt. Ltd. (LCT) to offer farmers convenient leasing solutions and exclusive benefits on Yanmar and Solis tractors.
A special ceremony was held at the LCT Head Office to ink the deal with the participation of key executives from both enterprises.
“The ongoing multidimensional crisis is an enormous threat to national food production and security. The increased costs of agricultural inputs and the rising cost of living also continue to adversely impact the agricultural sector. Given these challenges, we believe supporting the industry in any way possible is more imperative than ever. As such, we partnered with LCT to provide farmers across the island access to leading brands Yanmar and Solis with convenient payment solutions,” Sanjay Wijemanne, DGM Retail and SME Banking said.
HNB will offer customers low-interest rates for equal and structured tractor rentals. Farmers will also receive the value-added Prestige Prime card for free with the first-year annual fee waived, offering customers exclusive discounts for tractors, automobile products, servicing, spare parts, tyres and batteries.
Moreover, HNB General Insurance will offer attractive discounts on vehicle insurance premiums, including a free life insurance cover of Rs. 4.5 million for accidental deaths. Similarly, HNB Assurance will offer an Rs. 600,000 natural death insurance cover.
“Since our inception, we have worked to provide the best quality services with exceptional packages to Sri Lankan farmers. We are particularly excited to offer options for Yanmar and Solis tractors, which have recently been to go-to option for the farming community, with particular popularity amongst the upcoming younger generation of farmers. For this venture, we are proud to partner with HNB, as this will offer our customers attractive benefits and convenient leasing solutions to grow their businesses,” Kanapathi Saravanan, Director of LCT said.
As such, LCT will offer free RMV registration for HNB customers in addition to free insurance covers for Yanmar and Solis tractors for the first year.
Customers also have access to a 2000hrs/2-year warranty for Solis tractors and a 1000hrs/ 1-year for Yanmar tractors. Additionally, farmers can also make use of four labour-cost-free doorstep services.
Based in Sri Lanka, Lanka Commercial Trading Pvt. Ltd. (LCT) is a leader in offering agricultural machinery. Leveraging their explosive growth, the fastest in the industry, to offer the latest top-quality products and services, LCT has a commitment to excellence offering reliable and efficient service to its customers, together with unmatched after-sales services.
With 256 customer centres, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.