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Merchant Bank of Sri Lanka and Finance PLC joins hands with Lanka Ashok Leyland PLC to offer a special leasing package for ‘DOST’ Trucks. This Partnership is focused to provide assistance for small and medium scale entrepreneurs who had experienced setbacks in their businesses due to COVID 19 pandemic. The special leasing package will be provided to purchase Lanka Ashok Leyland ‘DOST’ Trucks enhanced with Euro IV technology.

The potential customers will receive special benefits through this leasing facility from MBSL such as free vehicle registration, insurance and lowest monthly installment amounts proportionate to their income. Leasing services will be provided with a minimum amount of paperwork within one day.

Sharing his ideas on MBSL - Lanka Ashok Leyland partnership, the Acting CEO of MBSL, Mr. Jude Gamalath states; “There has been a considerable collapse in the SME owing to the COVID 19 Pandemic. So, it is imperative that small and medium scale enterprises which substantially assist the country’s economy to be reinforced in order to strengthen the national economy. However, with the government strategy to rebuild businesses MBSL; as a responsible financial institution dedicated to assist the development of national economy took the initiative to build the partnership with Lanka Ashok Leyland by launching this leasing facility”.

MBSL which was established in year 1982 became a public company registered in the Colombo Stock Exchange in year 1991. Contemporarily it has become a pioneering financial institution in the field of investments and corporate financial services sector in Sri Lanka which rewards its customers with excellent leasing facilities, credit facilities for SMEs (Small and Medium Size Enterprises), credit facilities for commercial entities, corporate advisory services, stock market related services, fixed deposit, savings accounts, children’s savings accounts, property sales and also gold loan services; with outstanding proficiency.

The major shareholder of the MBSL with the ownership of shares amounting to 74% of the total shares is the Bank of Ceylon, which is the number one Bank in Sri Lanka. The Branch Network of MBSL comprises of 49 islands wide, inclusive of the Head Office located in the BOC Merchant Tower in Colombo 03.

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