Ideal Group Chairman Nalin Welgama exchanges agreement with Pan Asia Bank MD/CEO Nimal Tillekeratne in the presence of (from left) Ideal Group Manager Marketing Saranga Paranahewa, Senior Manager Sales Janaka Kudagama, Deputy General Manager Sales Admin and Corporate Sales Malaka Vehalla, Pan Asia Bank Senior Deputy General Manager Naleen Edirisinghe, Assistant General Manager Leasing and Consumer Loans Shiyan Perera, Chief Manager Leasing Yohan Ebell and Senior Manager Corporate Banking Aravinda Rodrigo 

Pan Asia Bank once again demonstrated its commitment to support Sri Lankan businesses by entering into a brand-new partnership with Ideal Motors to finance 100 percent Sri Lankan-assembled Mahindra & Mahindra vehicles. 

Pan Asia Bank joins hands with Ideal Motors (Pvt.) Limited, a fully-owned subsidiary of the Ideal Group, in extending an opportunity for Sri Lankan customers to own 100 percent Sri Lankan assembled motor vehicles. 

Pan Asia Bank is extending the banking solutions for all Mahindra vehicles at very attractive terms, accommodating up to 70 percent of the asset value on locally assembled KUV 100 (both diesel and petrol versions). Pan Asia Bank is known for its fast, flexible and tailor-made leasing solutions, which suit many different customer segments in Sri Lankan society.

Mahindra & Mahindra and Ideal Motors recently launched Sri Lanka’s first-ever locally assembled Single Cab – ‘City Pick-Up’. The Mahindra City Truck, which is a proud production coming out from the state-of-the-art production plant in Welipenna, is of international standards set up by Mahindra Automobiles India.