HNB and LCT team up to revolutionize Sri Lanka’s agricultural machinery sector

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
“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.

  • Sanjay Wijemanne, HNB Deputy General Manager – Retail & SME Banking (sixth from left) exchanging the MoU with Kanapathi Saravanan, Director – LCT (fourth from right) in the presence of (from left); Mahesh Rathnayake (HNB Asst. Manager – Business Development – Leasing), Roshan De Silva – (HNB Asst. Manager – Leasing), Pujitha Jayawaradena (HNB Senior Manager – Micro Finance), Susith Perera – (HNB Head of Leasing), Kanchana Karunagama (HNB Asst General Manager – PFS), Roshan Rathnayake (LCT – National Sales Manager), Udayanga Hettiarachchi (LCT Senior Regional Manager – Business Development) and Lakshitha Yakupitiya (LCT, Accountant)

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