Sri Lank’s most customer-friendly bank, HNB PLC, signed on as the official leasing partner
to the Ceylon Motor Traders Association (CMTA), the representative body of Sri Lanka’s
automotive industry.
The strategic tie-up between the two organizations will offer CMTA members access to a
wide range of leasing facilities provided by the bank. . HNB DGM Retail & SME Banking
Sanjay Wijemanne and
CMTA Chairman Charaka Perera were present to commemorate the new partnership.
“To overcome the current economic situation, we have initiated several new activities to
develop the automotive industry. This is one such initiative, and although we currently face
challenging times, partnerships of this nature would provide comprehensive leasing solutions
for members and, by extension, their customers,” HNB DGM Retail & SME Banking Sanjay
Wijemanne said.
“Transport is a capital good that often impacts the efficiency of a manufactured product.
Greater transport efficiency will have a wider impact on enhancing the efficiency of the
economy. Moreover, given the present situation in the country, amidst the import ban,
collaborations like this are a vital intervention to support and solve disruptions in the
industry,” CMTA Chairman Charaka Perera said.
Founded in 1919, the Ceylon Motor Traders Association is affiliated with the Ceylon
Chamber of Commerce and is widely accepted as the voice of the Sri Lankan Automotive
Industry. It is the most senior automotive trade association in the region and represents all
major international automotive manufacturers through its agents.
Furthermore, the members of the CMTA collectively employ and train thousands of Sri
Lankan citizens while bringing in international best practices in engineering and
management, making a talent pool that is trained and employable internationally.
Additionally, the CMTA members have over 7,000 direct employees and established island-
wide dealer networks under them, comprising more than 5,000 small & medium scale
enterprises spread across the island.
Photo caption: HNB DGM – Retail & SME Banking Sanjay Wijemanne (fifth from left)
exchanging the MoU with CMTA Chairman Charaka Perera (third from right) in the presence
of (from left) HNB AGM – PFS Kanchana Karunagama, HNB Head of Leasing Susith Perera,
HNB Assistant Manager – Leasing Roshan Perera, HNB Assistant Manager Business
Development – Leasing Mahesh Rathnayake, CMTA Senior Vice Chairman Virann De
Zoysa and CMTA Vice Chairman Andrew Perera
