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HNB JOINS HANDS WITH DIMO - TO PROMOTE CONSTRUCTION AND MINING EQUIPMENT
HNB again joined hands with DIMO to offer leasing facilities to Construction Machinery & Equipment recently.
The objective of this agreement is to facilitate all small, medium and large scale contractors to use financial options enabling them to procure their equipment needs such as, Hydraulic Excavators, Bulldozers, Motor Graders, Wheel Loaders, Concrete Mixer Trucks, Pumps and Batching Plants, Breakers, Road Rollers, Paving Products, Tower & Mobile Crane etc., for construction work island wide.
This is due to Government focusing more on infrastructure development in the country extending to Roads, Irrigation, Power, Water, Airport & etc.
This agreement will facilitate potential clients around the country to fulfil their needs as strategically DIMO and HNB have a close-knitted branch network in the country.
To promote the construction and mining equipment, HNB will provide tailor-made leasing packages to their customers according to their repayment capacity with competitive interest rates. In addition HNB Assurance PLC will provide discounted insurance premium along with Rs.1.2Mn Life Insurance Cover.
HNB and DIMO will also have joint customer gathering events around the country displaying machinery together with available financial options and services.
Industry experts point out that, this will be a unique feat as this will encourage especially small & medium term contractors to easily approach the Banks where they will receive hassle free financial solutions in their locality enabling them to venture-out into new projects.
The country would also be benefited with the boom in new development activities facilitated through this partnership. This would also save on exchange of used machine imports and subsequent expenses on maintenance, as new machines will provide trouble free operations for longer years while producing higher out-put, preserving the environment as well from harmful fumes.
Picture shows Mr Rajendra Theagarajah, Managing Director/CEO of HNB and Mr Ranjith Pandithage - Chairman/ Managing Director of DIMO are exchanging the MOUs. (From Left) Mr Keerthi Wijeratne, Chief Manager - Leasing, Mr R M P Dayawansa, Asst. General Manager - Personal Financial Services HNB, Mr Chaminda Ranawana, General Manager and Mr Shantilal De Alwis, Head of Product, Support & Services - Construction & Mining Equipment Division of DIMO are also in the picture.
