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HNB enhances facilities to MSMEs in agriculture sector

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CBSL Deputy Governor H.A. Karunaratne with the first Micro Finance Customer Mahinda Abegunawardane of HNB Ambalangoda Customer Centre as (from left) HNB Regional Credit Head- Southern Shalindra Karunarathne, HNB Relationship Officer- Micro Finance Southern Region Chathuranga Welivita, HNB Head of Personal Financial Services Kanchana Karunagama, HNB Deputy General Manager – Retail & SME Banking Sanjay Wijemanne, HNB Executive Director/Chief Operating Officer Dilshan Rodrigo, HNB Head of Micro Finance Vinodh Fernando, Head of Leasing Niluka Amarasinghe and HNB Manager – Micro Finance Southern Region Rohana Yagamuni look on.

In a bid to enhance growth opportunities available for agricultural Micro, Small and Medium Enterprises (MSME), HNB PLC, launched the Micro Leasing facility anchored to a myriad of benefits and opportunities for entrepreneurs.

Working in line with initiatives drawn by the Central Bank of Sri Lanka (CBSL) to strengthen the sector, HNB will ensure customers can further enhance their entrepreneurial capabilities. The facility will also provide customers access to an extensive range of deals and benefits from the bank’s wide portfolio of merchant partners.

“For Sri Lanka to achieve long term sustainable growth, it is vital that we empower the MSME sector, which contributes an estimated 52% to the GDP. As the regulator, we believe this can be done by equipping our entrepreneurs with the necessary capital while simultaneously improving their financial literacy.

“Therefore, I wish to thank HNB for the initiatives taken over the past few years through the Gami Pubuduwa campaign and for launching this facility, which will provide entrepreneurs with the opportunity to grow their businesses in a sustainable manner,” CBSL Deputy Governor H.A. Karunaratne stated.

Working through its 175 strong microfinance officers stationed across the country’s grassroots, HNB has facilitated growth in the sector through its Gami Pubuduwa initiative. The bank will lend the same support for its leasing customers by organising curated sessions to enhance value chain development and capacity building skills in collaboration with skills development organisations.

Additionally, customers can use the bank’s flexible payment schemes, customised to their repayment capabilities.

HNB Executive Director/Chief Operating Officer Dilshan Rodrigo, speaking at the event, said: “This is indeed a very proud moment for us as we are unveiling a new product for the agriculture sector. HNB has worked with over 10,000 MSME customers through the Gami Pubuduwa initiative and we hope to expand this supportive network to others through this new facility.

“We are looking forward to supporting and enhancing the capabilities of businesses affected by the pandemic and those created because of it by facilitating a common platform for our corporate clientele and the medium and small rural customers to establish and foster supply chains for an export-oriented economy. We are delighted to be launching this facility and hope to see our customers make use of this opportunity to grow their businesses during these challenging times.”

Notably, the bank will on-board all customers using the facility on its digital platforms such as HNB SOLO, MOMO and Appigo, improving the availability of convenient payment solutions in the sector. Furthermore, HNB offers a seamless one-day approval process supported by its state-of-the-art backend systems. Customers availing themselves of the facility are entitled to a free life insurance cover of Rs.4.5 million. The insurance is also anchored to discounted premiums from HNB General Insurance.

(HNB)



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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