The Commercial Bank of Ceylon PLC has once again announced a new leasing promotion with Browns Agriculture, to empower the country’s farming community to acquire cutting-edge technology and equipment in order to enhance productivity.
The promotion will run till the end of 2023, covering TAFE branded tractors, as well as harvesters from Sumo and Yanmar, which are imported, sold and serviced by Browns Agriculture.
Tractors and harvesters purchased with lease facilities provided by Commercial Bank under this promotion will carry a 1% discount on standard Interest rates and Browns Agriculture will attend to the registration with the Registrar of Motor Vehicles (RMV) or other government entities free of charge, the Bank said.
Additionally, Browns Agriculture will offer free insurance for the first year on selected models of TAFE tractors, and all tractor models purchased will be entitled to four labour-free services.
Meanwhile, Yanmar and Sumo harvesters purchased through this promotion will be provided with three and two free service sessions, respectively.
In support of the objectives of the promotion, Commercial Bank will offer customised leasing packages at attractive special rates, as well as the Bank’s ‘Kanna Varika’ (Seasonal Payments) option where the leasing packages correspond to the farmers’ income patterns, under which rentals will be serviced only during harvesting periods.
Browns Agriculture, a subsidiary of the renowned Browns Group, one of Sri Lanka’s leading and diversified conglomerates, and the pioneer in agricultural mechanisation in the country, was established in 1892 to cater to the needs of the agricultural industry and the local farming community. Today, it operates a widespread distribution network of more than 130 sales dealers, 11 Browns showrooms and is additionally renowned for its exceptional after-sales service and island-wide availability of spare parts. Browns has harnessed its superior enterprise capabilities to make TAFE the highest-selling brand of tractors in Sri Lanka. Built on Massey Ferguson’s technology platform, TAFE is the third largest tractor manufacturer in the world.
Yanmar is a world-leading Japanese agricultural machinery manufacturer that has gained the trust of Sri Lankan customers for high quality, efficiency and unmatched technology. Meanwhile Browns World Sumo is one of the most sought-after harvester brands in Sri Lanka, backed by the availability of genuine spare parts, the trusted Browns warranty and round-the-clock service.
Sri Lanka’s first 100% carbon neutral bank and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World, Commercial Bank, operates a network of 271 branches and 957 automated machines in Sri Lanka. Commercial Bank is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s Banking sector. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 20 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.
