ComBank partners AMW to promote ‘Agri Leases’ for New Holland tractors
The Commercial Bank of Ceylon has joined hands with Associated Motorways (Private) Limited (AMW) for an ‘Agri Lease’ promotion offering farmers an opportunity to enjoy the lowest monthly lease rentals and other benefits when purchasing New Holland tractors.
Specially designed for the Bank’s customers engaged in agricultural activities, this promotion will run until 30th November 2020, the Bank said. Besides offering the lowest rental rates, ‘Agri Leasing’ customers will receive several value additions and other benefits when purchasing tractors under this scheme, the Bank said.
Furthermore, the Bank will arrange flexible repayment plans that are better suited to customers’ seasonal income patterns. Interested parties can visit any Commercial Bank branch or AMW showroom to avail of this opportunity.
The promotion was launched to support farmers by providing financial assistance to acquire high quality agricultural equipment through a convenient process the Bank said. The promotion will be conducted in agricultural areas by the Bank’s Agriculture & Micro Finance officers and the sales teams of AMW.
The New Holland Agriculture brand is globally-renowned for providing solutions that improve farming efficiency and productivity by using accessible technology. New Holland offers a large choice of easy-to-operate tractors, harvesters, material handling and seeding equipment: more than 100 product lines and over 400 models globally.
AMW, which was established in 1949 as a pioneer in the country’s tyre retreading industry is today a highly respected company in Sri Lanka’s automobile sector and represents several leading international nameplates for passenger cars, trucks and buses as well as three wheelers and motor cycles. Through its partnership with New Holland Fiat India, AMW provides New Holland tractors for various applications such as harvesting and material handling.
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 873 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.
