Hatton National Bank (HNB), which introduced leasing to Sri Lanka 24 years ago, is promoting the use of environmentally friendly hybrid vehicles through a special leasing offer which includes the lowest interest rate in the market.
This leasing promotion also includes the most attractive drive-away price and covers common charges such as insurance and stamp duty. Value additions such as a free credit card and a free life insurance cover of Rs. 1.2 million make it the best package in the market for Hybrid vehicles.
Hybrid vehicles have been in the Sri Lankan market for around four years and the number of registrations in this market segment has increased substantially over the past two years. The low fuel cost and environmentally friendly nature of these vehicles have been important factors in its popularity.
Commenting on the promotion, Mr Kanchana Karunagama, Senior Manager - Leasing, stated: "HNB Leasing offers the most attractive package in the market for Hybrid vehicles and the most important point is that we offer the lowest interest rate in Sri Lanka. Customers will benefit from the courteous, friendly and caring service offered at our 250 customer centers. We invite all our existing and potential customers to grab this opportunity and fulfill their dreams of owning a Hybrid vehicle."
In spite of the reluctance of financial institutions to finance this segment initially, HNB has been providing leasing facilities for hybrid vehicles from its introduction to Sri Lanka. The rising fuel cost and environmental pollution through the emission of smoke are two of the main reasons for HNB to promote these vehicles which are the future of the automobile industry. HNB has so far financed hybrid vehicles through its leasing product with value additions to its customers and is set to increase rapidly over the next few years due to its growing popularity.
HNB is the market leader for leasing among banks and was the first bank to introduce leasing to the banking industry in 1990, which allowed customers the convenience of fulfilling their leasing requirements from the bank itself. In order to strengthen the leasing portfolio and also to fulfil long awaited need of customers HNB introduced a Hire Purchase product in December 2013. At present leasing products are handled through an award winning software package, namely "LeaseWave" which supports faster delivery with many functionalities to provide an improved and a better service to all our customers. Customers can now call on the HNB dedicated Leasing Hotline 2660330 for any leasing inquiries.
Hatton National Bank is a premier private sector commercial bank with a network of 250 customer centres spread across the length and breadth of Sri Lanka and caters to all segments of the market through its diverse product and service offering. The Bank is also involved in insurance and capital market operations in the country through its group companies. During 2013, HNB's asset book surpassed Rs 500 Bn, while the Bank recorded a pre-tax profit of over Rs.10Bn for the year. Hatton National Bank has been awarded by the Asian Banker Magazine as the 'Best Retail Bank in Sri Lanka' for 6 consecutive years for its performance from 2007 to 2012 and named as the 'Bank of the Year in Sri Lanka' for the year 2012 & 2013 by the Banker Magazine of UK. In 2012 HNB became the first Sri Lankan bank to obtain an international credit rating and was assigned a foreign currency issuer rating of B1 on par with the sovereign rating by Moody's Investors Service, while it has a national long term rating of AA - (lka) by Fitch Ratings (Lanka) Ltd