HNB PLC, one of Sri Lanka’s leading private sector bank, recently announced a partnership with United Mercury Group (UMG), a leading supplier of agricultural and construction machinery.
This strategic collaboration aims to revolutionise the accessibility of high-quality equipment for farmers and construction professionals through innovative leasing solutions.
The partnership was formalised with the signing of a Memorandum of Understanding (MoU) at HNB Towers, attended by senior officials and representatives from both organizations.
“As Sri Lanka sharpens its focus on agriculture, our partnership with UMG comes at a crucial time. At HNB, we’ve always backed farmers and agribusinesses with tailored support. This collaboration takes our commitment further, offering innovative financial solutions to help grow the sector sustainably. By nurturing agriculture, we’re not just boosting exports – we’re planting seeds for a stronger economy and better food security for all Sri Lankans,” said HNB Head of Retail Banking, Kanchana Karunagama.
The partnership aims to provide curated leasing packages with low-interest rates, tailor-made to fit the boundaries of each and every customer’s budget. Additionally, cardholders will be able to enjoy special discounts on all agricultural heavy machinery, servicing, spare parts, tires, and batteries.
“In these challenging economic times, boosting exports and national growth is vital. Teaming up with HNB, a leader in supporting agriculture and construction, we’re doing more than just selling equipment. By empowering these key sectors, we’re helping build a stronger, more resilient Sri Lanka,” said UMG Managing Director/COO Asiri Walisundara.
This partnership builds upon HNB’s ongoing efforts to support Sri Lanka’s agricultural sector, following successful collaborations with other leading agricultural equipment suppliers. The Matador range of combine harvesters and construction machinery, known for their reliability and efficiency, are expected to significantly boost productivity in the agriculture and construction sectors.
The partnership introduces two major offers. For the Matador Combine Harvester, customers will benefit from a comprehensive package that includes a one-year or 600-meter hour warranty covering the Engine, Gear Box, HST System, and Chassis.
The Matador Construction Machinery package is equally impressive, featuring a one-year or 2000-meter hour warranty on the Engine, Hydraulic System, and Transmission.
UMG has also demonstrated its commitment to customer satisfaction with a unique buyback agreement. In the event of default on lease installments, UMG will repurchase the machinery by paying the outstanding capital amount, subject to proper operation and maintenance conditions.
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