Sampath Bank PLC formed a strategic partnership with Prime EV Automobiles (Pvt) Ltd at its Head Office recently, marking a pivotal move to advance electric mobility in Sri Lanka. The agreement centers exclusively on the ‘Deepal’ vehicle brand, a lineup of advanced and eco-friendly electric vehicles introduced by Prime EV in collaboration with global automotive manufacturer Changan Automobile.
Through this collaboration, customers purchasing Deepal vehicles from Prime EV will gain access to a range of exclusive financial benefits from Sampath Bank, subject to the rules, regulations, and restrictions applicable to the Bank in its capacity as a licensed commercial bank in Sri Lanka. These include a 0.5% interest rate reduction per annum from the published rate, loans to cover vehicle insurance premiums with no interest if settled within two months, and Sampath Bank credit cards with no joining fee. Furthermore, insurance payments made via these credit cards can also be settled over a 12-month period at 0% interest, providing customers with enhanced affordability and convenience.
Prime EV Automobiles, part of the SENOK Group, has been driving the advancement of electric mobility in Sri Lanka with a strong focus on sustainability and technological innovation. The Deepal brand embodies this vision, providing a cleaner, greener alternative that meets the demands of modern transportation while contributing to local economic growth through job creation and industry development.
The MoU signals a shared commitment between Sampath Bank and Prime EV Automobiles to make sustainable vehicle ownership more accessible, aligning financial solutions with Sri Lanka’s transition towards a greener future.
Photo Caption:
Image 1: Mr. Ranjan Dahanayake, Deputy Managing Director – Sales and Marketing, Prime EV Automobiles (Pvt) Ltd (fourth from left), and Mr. Deepal De Silva, Chief Operating Officer, Sampath Bank (sixth from right), exchange the agreement in the presence of senior representatives from both organisations.
