DFCC Bank partners UTE to offer exclusive Leasing solutions
November 19, 2021
DFCC Bank, the premier commercial Bank in Sri Lanka, announced the signing of a Memorandum of Understanding (MoU) with United Tractors and Equipment (Private) Limited (UTE) to offer exclusive leasing solutions to customers that purchase machinery & equipment from UTE. A wide range of industry segments will benefit from the value additions through this promotion as a vast range of machinery is covered such as Backhoes, Excavators, Motor graders, Skid steers, Rollers, Generators, Compactors, Air compressors, Welding plants & solutions, Warehousing solutions (forklifts, lift cranes, pallet trucks)
United Tractor & Equipment (Private) Limited, best known as UTE or UTE-CAT, Provides unmatched engineering solutions to all of Sri Lanka. UTE has been a trusted partner in infrastructure development in the country for over 7 decades and today, UTE continues to be in the forefront of Construction Machinery, Power Generation, Material Handling and Storage, Welding Equipment and Engineering Solutions sectors with their extensive portfolio of globally leading brands that include Caterpillar, Dexion, BT, JLG, FS Curtis, Fuji, Esab, Bohler, and Donaldson. The company is home to the Island’s most experienced and largest team of Customer Support personnel and Caterpillar trained technicians in the industry. Serving customers throughout the island, the company has branches in Panchikawatta, Matara, Kurunegala, Anuradhapura and Kilinochchi adding to its strength.
This new special offer is valid for all machinery & equipment marketed and sold by UTE, and customers can avail special discount on DFCC Leasing interest rates. Customers would also be able to access special structured lease repayment options to suit their requirement. On top of this, there will be further special discounts on the normal sale prices of the machinery and equipment marketed by UTE. The company will extend further benefits to customers who purchase their machines from affording the first service free of charge and remote monitoring facility of the machines will be provided free of charge.
The MoU and proceeding discounts provide customers with a fantastic chance to purchase their machinery & equipment of choice through the most affordable leasing solutions from DFCC Bank.
DFCC Bank, as the Bank for Everyone, strongly places paramount importance on efforts to enhance the affordability of such machinery & equipment, as a path towards uplifting the standard of living, while securing economic growth and the financial stability of all its customers. The lack of access to affordable leasing options have proved to be a significant hurdle in developing businesses and livelihoods. Having noted the existing issues faced by customers, DFCC Bank’s new exclusive leasing promotions stand to create significant value for all stakeholders involved.
About DFCC Bank
DFCC Bank is a full-service Commercial Bank with a legacy of 65 years as one of Sri Lanka’s foremost financial conglomerates that offer a range of commercial and development banking services. The Bank won the awards for Most Trusted Retail Banking Brand and Best Customer Service Banking Brand in Sri Lanka, 2021 from the prestigious Global Brands Magazine, UK and was ranked amongst Business Today’s Top 30 Corporates in Sri Lanka. DFCC Bank is rated [SL] AA- Stable by ICRA Lanka Limited and A+ (lka) Stable by Fitch Ratings Lanka Limited.
Photo Caption: Exchange of MoU between Aasiri Iddamalgoda, Senior Vice President Retail Banking & SME of DFCC Bank and Deepthi Hewageegana, Chief Executive Officer of UTE
(L-R): Ranil Meddepola – Assistant General Manager Construction & Manufacturing sectors, Duminda Perera – General Manager Sales, Anasuya Gunasena – Chief Marketing Officer, Deepthi Hewageegana, Chief Executive Officer of UTE, Aasiri Iddamalgoda, Senior Vice President Retail Banking & SME, Asanka Patabadige – Senior Consumer Assets Manager, Chamara Peiris – Senior Manager Leasing, Koshala Kindelpitiya – Assets & Liabilities Marketing Manager of DFCC Bank.