ComBank and Browns collaborate for special leasing promotion for tractors and harvesters

Commercial Bank’s Chief Operating Officer S. Prabagar exchanges the MoU with the Chief Operating Officer - Agriculture and Heavy Machinery Cluster of Brown & Co. Sanjaya Nissanka in the presence of Browns Agriculture Head of Sales Thushan Nilanka, Head of Operations Chanaka Chandrasekara and Deputy General Manager Niyas Ahamed and Commercial Bank’s Deputy General Manager - Retail Banking and Marketing Hasrath Munasinghe, Deputy General Manager - Personal Banking Delakshan Hettiarachchi, Product Manager - Personal loans  Gayan Wijesinghe, and Executive officer – Retail Products Department Chandri Premaratne

The Commercial Bank of Ceylon PLC has once again announced a new leasing promotion with Browns Agriculture, to empower the country’s farming community to acquire cutting-edge technology and equipment in order to
enhance productivity.
The promotion will run till the end of 2023, covering TAFE branded tractors, as well as harvesters from Sumo and Yanmar, which are imported, sold and serviced by
Browns Agriculture.

Tractors and harvesters purchased with lease facilities provided by Commercial Bank under this promotion will carry a 1 percent discount on standard Interest rates and Browns Agriculture will attend to theregistration with the Registrar of Motor Vehicles (RMV)or other government entities free-of-charge, the
bank said.
Additionally, Browns Agriculture will offer free insurance for the first year on selected models of TAFE tractors, and all tractor models purchased will be entitled to four labour-free services.
Meanwhile, Yanmar and Sumo harvesters purchased through this promotion will be provided with three and two free service sessions, respectively.
In support of the objectives of the promotion, Commercial Bank will offer customised leasing packages at attractive special rates, as well as the bank’s ‘Kanna Varika’ (Seasonal Payments) option where the leasing packages correspond to the farmers’ income patterns, under which rentals will be serviced only during
harvesting periods.
Browns Agriculture, a subsidiary of the renowned Browns Group, one of Sri Lanka’s leading and diversified conglomerates, and the pioneer in agricultural mechanisation in the country, was established in 1892 to cater to the needs of the agricultural industry and the local farming community.

Today, it operates a widespread distribution network of more than 130 sales dealers, 11 Browns showrooms and is additionally renowned for its exceptional after-sales service and island-wide availability of spare parts. Browns has harnessed its superior enterprise capabilities to make TAFE the highest-selling brand of tractors in Sri Lanka. Built on Massey Ferguson’s technology platform, TAFE is the third largest tractor manufacturer in the world.