Business News: Farmers have been given another opportunity in this season to purchase new agriculture machinery at low rentals with special discounts and flexibility, following the latest in a series of joint leasing promotions by the Commercial Bank of Ceylon and Hayleys Agriculture Holdings Ltd.
Devised to support the agronomy of the country, the promotion applies to the purchases of a range of Kubota, Agrotech and Farmtrac agricultural machinery available with Hayleys Agriculture. This promotion will run until the end of March 2021 and offers the convenience of flexible leasing packages besides attractive discounts, special rentals and other benefits, the Bank said.
To maximise benefits to customers, the Bank and Hayleys Agriculture have organised customer awareness programmes, especially in areas where agriculture is prevalent. These programmes would enable interested parties to liaise with the Bank’s Agriculture & Micro Finance officers and the sales teams of Hayleys Agriculture to make informed decisions that are advantageous to them.
The promotion is aimed at providing the agricultural sector of the country the opportunity to purchase high quality machinery that would help to improve its productivity, at a low rental rate, the Bank said. Joint promotions of this nature have been conducted regularly over the past several years, and mark the continued commitment of the Bank and Hayleys Agriculture to support this sector, it added.
Hayleys Agriculture is one of the top-ranked firms in this sphere in the region, and is renowned for a wide array of innovative and sustainable agricultural solutions that cater to the entire agri value chain with high-tech horticulture and bio technology applications. The company’s value-added agricultural exports to leading multinationals contribute substantially to the processed fruits and vegetable exports of the country. Hayleys Agriculture has established successful overseas operations in Bangladesh, Maldives and Myanmar, and intends to extend its network across the Asian and African regions.
The first Sri Lankan Bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for ten years consecutively, Commercial Bank is celebrating its 100th anniversary this year. The Bank, which won more than 50 international and local awards in 2019, operates a network of 268 branches and 875 ATMs in Sri Lanka.
Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.
Commercial Bank’s Chief Operating Officer Mr Sanath Manatunge (centre) and Hayleys Agriculture Holdings Ltd. Managing Director Ms Jayanthi Dharmasena exchange the agreement in the presence of (from left) Hayleys Agriculture Holdings Ltd. Deputy General Manager Mr Sumith K Herath, Director Mr M A Rajap and Director Mr Lushan Abesekara; Commercial Bank’s Deputy General Manager – Marketing Mr Hasrath Munasinghe, Deputy General Manager – Personal Banking Ms Sandra Walgama, Senior Manager – Retail Products Department Mr Dushmantha Jayasuriya and Manager – Retail Products Department Mr Chandana Abeysundara.