Driven by its commitment to enhancing customer lifestyles and making quality mobility solutions more accessible, the Commercial Bank of Ceylon has entered into a strategic partnership with Ideal Motors (Pvt) Ltd. to promote the Mahindra XUV 3XO passenger vehicle, through a joint promotional campaign.
Under this collaboration, Commercial Bank will offer attractive leasing facilities to part-finance the purchase of Mahindra XUV 3XO vehicles, supported by preferential interest rates, concessions on documentation charges and a complimentary credit card with the first year’s annual fee waived. These facilities will be available through the Bank’s island-wide branch network.
Ideal Motors (Pvt) Ltd. will complement the Bank’s financing offer with a range of exclusive customer benefits, including a special discount on the vehicle, free registration, a 10 per cent discount on spare parts, and the first three services labour-free.
The promotional campaign will be conducted until 28 February 2027, providing customers with the flexibility to plan their purchase and structure repayments according to their individual income patterns. The leasing packages are designed to offer affordable rentals while allowing customers to benefit from special rates and cost concessions across both financing and ownership-related services.
As a pioneer in providing innovative and customer-centric leasing solutions, Commercial Bank continues to collaborate with reputed vendors to deliver value-added offerings. This partnership with Ideal Motors reflects the Bank’s commitment to enabling both existing and new-to-bank customers to access attractive leasing options that support their aspirations of owning a new vehicle, the Bank said.
Customers participating in the promotion benefit from a comprehensive package that combines competitive financing terms from Commercial Bank with significant upfront and ongoing cost savings from Ideal Motors, making the Mahindra XUV 3XO a compelling proposition in the passenger vehicle segment.
Commercial Bank is the first Sri Lankan bank with a market capitalisation exceeding US$ 1 Bn., and was also the first bank in the country to be listed among the Top 1000 Banks of the World. Commercial Bank has the highest capital base among all Sri Lankan banks, is the largest private sector lender in Sri Lanka, and the largest lender to the country’s SME sector. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as the most respected and most-awarded Bank in Sri Lanka. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of 272 strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
Photo caption:
Mr Kapila Liyanage, Assistant General Manager – Personal Banking at Commercial Bank and Ms. Nimisha Welgama, Director Legal & Corporate Affairs at Ideal Motors (Pvt) Ltd. exchange the agreement in the presence of representatives of the two companies.
