HNB PLC, the leading private bank in Sri Lanka, has entered into a strategic partnership with United Tractor & Equipment (Pvt) Ltd through the signing of a MoU. The partnership aims to expand access to solar energy solutions for customers in both the domestic and Commercial & Industrial (C&I) segments.
The MoU signing was held at the HNB Head Office in the presence of senior representatives from both organizations. Representing HNB were Senior Vice President/ Head of Retail Banking, Kanchana Karunagama; Vice President/ Head of Personal Financial Services, Susith Perera; and Manager – Personal Financial Services, Asitha Fernando. United Tractor & Equipment (Pvt) Ltd was represented by Chief Executive Officer, Deepthi Hewageegana; Chief Financial Officer, Viraj De Silva; Chief Operating Officer, Duminda Perera; and Marketing Manager, Chinthaka Basnayake.
“At HNB, we believe access to sustainable energy solutions should be both practical and affordable for individuals and businesses alike. Through this partnership with United Tractor & Equipment (Pvt) Ltd, we are enabling customers to invest in solar energy with greater financial flexibility and confidence. As Sri Lanka continues its transition towards renewable energy, financing solutions such as these play an important role in empowering communities, reducing long-term energy costs, and contributing towards a greener and more sustainable future for the country,” HNB, Senior Vice President / Head of Retail Banking, Kanchana Karunagama noted.
Through this collaboration, customers will benefit from flexible repayment options of up to seven years, together with competitive interest rates linked to the selected repayment tenure. These financing solutions are designed to reduce financial barriers and provide households and businesses with a practical pathway to invest in clean and renewable energy solutions.
The partnership also shows the shared commitment of both organizations towards environmental sustainability and long-term energy security in Sri Lanka. By encouraging the adoption of solar power solutions, HNB and United Tractor & Equipment (Pvt) Ltd continue to support national renewable energy targets, reduce carbon emissions, and contribute towards building a more resilient and sustainable energy ecosystem.
Through this initiative, both organizations reaffirm their commitment to delivering innovative financing solutions while creating meaningful impact towards a greener and more sustainable future for Sri Lanka.
HNB Senior Vice President / Head of Retail Banking, Kanchana Karunagama, and Chief Executive Officer of United Tractor & Equipment (Pvt) Ltd, Deepthi Hewageegana, exchange the MoU in the presence of representatives from both organizations.