Business
Now Sri Lankans can Skip the tension of monthly lease payments!
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.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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