HNB PLC, a leading private sector bank in Sri Lanka, has entered into a strategic Leasing partnership with Abans Auto (Pvt) Ltd, the authorized distributor for Hyundai vehicles in Sri Lanka, to deliver vehicle Leasing solutions that are rewarding.
The collaboration was formalized at a signing ceremony attended by senior representatives from both organizations, including HNB’s Head of Retail Banking, Kanchana Karunagama, and Abans Auto Deputy General Manager, Rajitha Ranasinghe. The partnership allows prospective Hyundai owners to pursue vehicle ownership with ease and assurance, backed by innovative Leasing offerings that accommodate a wide range of customer needs.
“Our collaboration with Abans Auto showcases our dedication to delivering unmatched value and convenience for vehicle buyers, especially given Hyundai’s strong reputation for quality and performance. This partnership comes at an opportune time, with Sri Lanka’s automotive market showing encouraging signs of growth with anticipated relaxation of the vehicle import ban. It aligns with our mission to support customers with Leasing solutions that adapt to their needs, enabling them to invest in reliable vehicles with greater financial confidence” emphasized HNB Head of Retail Banking, Kanchana Karunagama.
Benefits for HNB customers include a value-added credit card with the first year’s annual fee waived, providing additional financial flexibility and exclusive perks. Customers will also benefit from discounted vehicle insurance premiums offered through HNB General Insurance, ensuring affordable coverage for their vehicles. Furthermore, HNB General Insurance extends a Rs. 4.5 million life insurance cover for HNB leasing customers, safeguarding their loved ones in case of accidental death. In the event of a natural death, HNB Assurance will provide Rs. 600,000 in coverage, offering additional financial security and peace of mind for vehicle owners and their families.
“We are excited to collaborate with HNB to bring this exclusive offering to our Hyundai customers. This partnership not only enables customers to benefit from significant financial incentives but also simplifies the vehicle acquisition process at a time when the market is expanding. Through HNB’s Leasing options and our dedicated discounts and services, we aim to make vehicle ownership an accessible and rewarding experience for all ‘’ said Abans Auto Deputy General Manager, Rajitha Ranasinghe.
The partnership includes a variety of exclusive benefits for Hyundai buyers. Abans Auto will offer a three-year or 100,000 km warranty for new Hyundai vehicles, providing customers with comprehensive coverage and peace of mind. In addition, a 24/7 breakdown service will be available to assist Hyundai owners on the road whenever needed, ensuring their journeys remain smooth and stress-free. The first three services will also be provided free of labour charges, reducing the initial maintenance costs for new vehicle owners and contributing to an enhanced ownership experience.
With 254 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 crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. Other significant accolades include being adjudged the “Best Automobile Financing Bank in the Asia-Pacific Region” and “Best Retail Bank in Sri Lanka” for the 14th occasion by the Asian Banker, being declared the “Best SME Bank” by Asiamoney Magazine, as well as securing a Top 5 position on Business Today’s Top 40 rankings for 2023.