ComBank partners DIMO to offer leasing packages

The Commercial Bank has partnered Diesel and Motor Engineering PLC (DIMO) in a six-month promotion offering leasing options for Tata commercial vehicles.

According to the agreement, DIMO will provide discounts to Commercial Bank customers who lease Tata trucks and buses. The Bank will provide low interest rates and monthly rentals for leasing facilities.

An insurance cover through Commercial Bancassurance has also been introduced for customers who lease vehicles through the Bank. This cover has a low insurance premium.

"The partnership between Commercial Bank and DIMO will cater to the demand for quality commercial vehicles with low operating cost," said Chief Operating Officer, Commercial Bank, S. Renganathan.

"We believe it will be helpful in the context of the construction boom in the country," he said.

DIMO, which celebrates its 75th anniversary this year, is a market leader in the commercial vehicle segment. DIMO and Tata have a strong relationship of over 53 years in the Sri Lankan market. DIMO has sales, service and spare parts outlets islandwide with 24-hour roadside assistance.

The only Sri Lankan Bank to be listed four years consecutively in the world's top 1,000 banks, Commercial Bank is one of the leading leasing service providers in the country and is a member of the Leasing Association of Sri Lanka.

It provides leasing facilities for a range of assets of diverse values including machinery.