The Commercial Bank of Ceylon recently teamed up with Diesel & Motor Engineering PLC (DIMO) to offer attractive leasing options for TATA Commercial vehicles.
Under the agreement, DIMO will provide substantial discounts to Commercial Bank customers to lease TATA vehicles and the Bank will provide competitive rental for leasing facilities. The vehicles covered under this special scheme include TATA trucks and buses.
A special insurance cover through Commercial Insurance Brokers, an associate of Commercial Bank has also been introduced for customers who lease vehicles through the Bank. This cover requires a low insurance premium and policyholders will be eligible for accident cover worth Rs 1.5 million each.
Ranked second among all corporate entities in Sri Lanka in the latest Business Today rankings, the Commercial Bank of Ceylon PLC owns a network of 176 branches and supermarket banking counters and operates an automated teller network of 366 ATMs in Sri Lanka, the largest on-line cash dispensing system in the country.
A company with more than 70 years of experience in the automobile and engineering industry, DIMO is among the top corporate brands in Sri Lanka and represents prestigious brands such as Mercedes-Benz, Siemens, Bosch, Jeep, Chrysler, TATA, MTU, Komatsu, Michelin, Osram, MTU, BF Goodrich, MRF and Mahindra.
The company operates branches in Kandy, Matara, Kurunegala, Dambulla, Vavuniya, Yakkala, Ambalangoda, Jaffna, Puttalam, Embilipitiya, Trincomalee, Ratnapura and Anuradhapura.
Picture shows Deputy CEO of DIMO Gahanath Pandithage (3rd from left) and Commercial Bank Chief Operating Officer Ravi Dias exchanging the Memorandum of Understanding in the presence of Commercial Bank Deputy General Manager Personal Banking Nimal Luxman, Assistant General Manager Corporate Banking Mrs. Marion Abeywardene, Head of Personal Loans and Leasing Nugent Kapuwatte, Assistant General Manager Personal Banking Vimal Fernando and the General Manager of DIMO’s TATA Commercial Vehicle Division Vijitha Bandara and Sales Manager-TATA Commercial Sales Division Gihan Fernando.