Business
Pan Asia Bank partners CBH Lands to assist potential land buyers
MD/CEO of Pan Asia Bank Nimal Tillekeratne and the Chairman of CBH Lands Yatila Wijemanne are seen exchanging the agreement. Also in the picture from left are, Anuradha Ranaweera –Senior Manager Central Sales, Shiyan Perera-AGM Retail Credit, Naleen Edirisinghe –Senior DGM of Pan Asia Bank and the Deputy Chairman Manjarie Tissera of CBH Lands
Pan Asia Bank, which has played a pivotal role in promoting the development of the local economy as part of its commitment to nation-building by partnering SMEs, reflects its promise to be a truly Sri Lankan bank for all. This newest initiative by Pan Asia Bank offers assistance to potential home buyers to access CBH’s real estate offerings through the Bank.CBH Lands is a trusted Real Estate Developer mainly focused in the Kurunegala District, which is developing rapidly, especially with the new Central Expressway.
In this context, Pan Asia Bank offers potential buyers’ – funds to place a down-payment when reserving land through CBH Lands. This unique arrangement fulfills the buyer’s initial financial requirement to secure the land for full purchase later on. It also gives buyers ample time to arrange for the balance payment when it falls due and helps them realize their dreams of owning an idyllic home in a rapidly-growing suburb.
This groundbreaking offering is the first of its kind in banking history where a personal loan of this nature has been developed. Pan Asia Bank is pleased to support and share a part of the financial liability of the client with a view to paving the way for the client to acquire a stable asset with long-term potential which will appreciate in value. Thus, Pan Asia Bank is encouraging citizens to own a land or home within the country, promoting financial security for people.
CBH Lands has embarked on a number of developments across the entire Kurunegala district. All developments undertaken by CBH Lands have been approved by the necessary government institutions and bodies, legally clean land plots with all infrastructure developed ready for immediate investment. This provides an ideal opportunity for the investor as all the red tape has been cleared by CBH Lands. These lands are obtained by identifying potential hotspots through intensive research carried out by the company’s research arm and the ground selection. As such, it ensures that the lands are affordable owing to their strategic locations.CBH Lands caters to a diversified array of clients who need property for residential purposes and long-term investment purposes such as business collateral, university /college funds and retirement purposes. A respected name in real estate development close to a decade, the objective of CBH Lands is investment and sales across the country, especially within Kurunegala District in the North Western Province. The exclusive mark of excellence of CBH Lands is that they have customized the locality and the size of the land in accordance with the requirements of the client, whilst ensuring that the land is screened, legally cleared and then developed according to the needs of the client.
Pan Asia Bank lives up to its pledge to be a Truly Sri Lankan Bank by extending financial security and peace of mind to citizens while uplifting their lifestyles with its unique products and services. With the Sri Lankan economy at a crucial juncture, Pan Asia Bank is encouraging financial stability and promoting investments to stimulate the economy, by facilitating the SME sector as well as the general public in acquiring an asset which can be further described as a twofold contribution to the economy.
Pan Asia Bank was crowned the “Fastest Growing Commercial Bank in Sri Lanka 2021” by International Business Magazine in 2021. Moreover, the Bank was recently bestowed with the prestigious “Best Bank for Treasury Activities Sri Lanka – 2021” awarded by the Global Banking & Finance Awards 2021.
As the Truly Sri Lankan Bank, Pan Asia Bank aims to uplift the lifestyles of customers in a way that supports them to achieve their dreams. As a reliable and strong partner in every customer’s journey to financial prosperity, Pan Asia Bank has devised a variety of sustainable products and solutions to meet people’s aspirations.
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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