Connect with us

Business

Now Sri Lankans can Skip the tension of monthly lease payments!

Published

on

Another industry-first from Pan Asia Bank, The Truly Sri Lankan Bank

As the Truly Sri Lankan Bank, Pan Asia Bank has stepped forward to support its customers through the pandemic period by rescheduling loans to suit their cash flow and by offering an array of other financial solutions to ease financial hardship. In keeping with this ethos to alleviate the financial burden for customers, Pan Asia Bank has launched a new leasing product, ‘SKIP LEASING’, which has been designed as a leasing product that is akin to a moratorium. The exciting new leasing solution allows customers to pay every other month, with the accumulated interest paid at the time of the last installment. This relaxed repayment schedule extends convenience and allays financial stress for customers from paying monthly installments.

Commenting on the new product, Assistant General Manager – Leasing & Consumer Loans, Shiyan Perera said, “There is a growing requirement being felt by customers for leasing providers to take a more empathetic view of the pandemic-induced financial challenges in the market and the impact on their incomes. ‘SKIP LEASING’ empowers customers to pay every other month – an aspect that is welcomed by customers as in the month they don’t have to pay the Bank, they can put the money to use for other essential needs for themselves and their loved ones. This product truly understands their current needs as the pandemic has put pressure on household incomes and ‘SKIP LEASING’ helps customer enjoy a good quality of life and offers financial flexibility. With this product, Pan Asia Bank is pleased to strengthen its status as the preferred leasing partner in the market. Our aim in launching new products is to offer financial security to customers and to guide them to get the best out of our financial solutions for their existing needs.”

The unique feature of SKIP LEASING product is that it allows customers to make payments every other month rather than making payments every month – with a 50% structured payment as the last installment. Anyone can apply for the product which will be assessed by the credit department to check the credibility of the applicant. Those wishing to apply for Skip leasing can visit the nearest PABC branch or call our Leasing hotlines 0772 975 959 / 0768 064 518

One key factor that has brought Pan Asia Bank to the forefront of the leasing industry is its same-day loan approval process. The Bank’s superior service levels ensure that customers seek out the Bank’s offerings, which differentiates it from other leasing providers. Sustaining its pioneering status, Pan Asia Bank’s future plans include extending the facility for customers to apply for leases through mobile phones for added convenience and speed. Acknowledged as one of the fastest-growing banks in Sri Lanka, Pan Asia Bank has earned a solid reputation as an agile and robust Banking institution that is based on a strong framework of good governance, sustainability and ethical operations.

Further, Pan Asia Bank has delivered a strong financial performance in 2020 despite the challenges emanating from the pandemic, successfully keeping its Non-Performing Loans (NPLs) to the lowest in the market. In addition to its impressive financial performance, Pan Asia Bank has been recognized in the recent past by many local and global reputed institutions for excellence in the Banking sphere. Pan Asia Bank was crowned as the ’Fastest Growing Commercial Bank in Sri Lanka – 2021’ by the International Business Magazine Awards. Moreover, the Bank was also recently bestowed with the prestigious ’Best Bank for Treasury Activities Sri Lanka – 2021’ award by the Global Banking & Finance Review; ‘The Best Treasury and Cash Management Bank Sri Lanka 2021’ by the International Business Magazine Awards; and ‘The Best Bank in Treasury Management Sri Lanka 2021’ by World Business Outlook Awards 2021, which demonstrates the Bank’s prudent and Best-in-Class Treasury and Cash Management Operation.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

Published

on

The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

Continue Reading

Business

Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

Published

on

(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

Continue Reading

Business

DSI strengthens its islandwide presence with three new showrooms

Published

on

Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

Continue Reading

Trending