Commercial Bank of Ceylon has strengthened its commitment to making vehicle ownership more affordable and accessible through a strategic partnership with Carmart (Pvt) Ltd., introducing specially structured leasing facilities for Peugeot and Leapmotor vehicles.
The collaboration, formalised through a Memorandum of Understanding (MoU), combines Commercial Bank’s expertise in flexible financing solutions with Carmart’s portfolio of globally recognised automotive brands, offering customers an attractive pathway to owning new vehicles.
Valid until 30 June 2027, the partnership provides customers with a range of exclusive benefits, including competitive interest rates, concessions on documentation charges, and a complimentary credit card with the first-year annual fee waived. These benefits are designed to reduce initial costs and provide greater financial convenience for vehicle buyers.
Through Commercial Bank’s island-wide branch network, customers will have access to leasing facilities that allow them to part-finance their vehicle purchases while structuring repayments according to their financial capabilities and income patterns.
Adding further value to the partnership, Carmart will provide customers with additional benefits, including a complimentary full tank of fuel, free vehicle registration, and other exclusive privileges to enhance the overall vehicle ownership experience.
Commercial Bank stated that the partnership reflects its continued focus on providing practical, customer-focused leasing solutions through collaborations with trusted partners. By combining competitive financing options with cost-saving benefits, the Bank aims to help more Sri Lankans achieve their vehicle ownership goals.
The partnership comes at a time when customers are seeking flexible financial solutions to manage major purchases while maintaining repayment affordability. Through these preferential leasing terms, Commercial Bank and Carmart aim to provide greater choice and convenience to prospective vehicle owners.
As a pioneer in leasing solutions, Commercial Bank continues to expand its strategic partnerships to deliver greater value, improve accessibility, and support customers in achieving their lifestyle aspirations.
Commercial Bank of Ceylon is the first Sri Lankan bank with a market capitalisation exceeding US$1 billion and the first bank in the country to be listed among the Top 1000 Banks of the World. With the highest capital base among Sri Lankan banks, the Bank is the largest private sector lender in the country and the leading lender to the SME sector. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as Sri Lanka’s most respected and most-awarded bank, a leader in digital innovation, and the country’s first fully carbon-neutral bank.
People’s Leasing Presents 13th Integrated Annual Report to People’s Bank Chairman
People’s Leasing & Finance PLC (PLC), one of Sri Lanka’s leading non-banking financial institutions and a subsidiary of People’s Bank, has officially presented its 13th Integrated Annual Report for the financial year 2025/26 to People’s Bank Chairman Professor Narada Fernando.
The report was presented at the People’s Bank Head Office on 22 June, reflecting PLC’s continued commitment to transparency, accountability, sustainable growth, and stakeholder engagement.
Themed “A Living Network,” the Integrated Annual Report highlights the company’s focus on building meaningful connections with customers, employees, business partners, investors, and communities while creating sustainable value through resilience, innovation, and responsible business practices.
Inspired by the interconnected mycelium networks found in nature, the theme represents how strong relationships can create collective strength, shared prosperity, and long-term sustainability.
Continuing its tradition of reporting excellence, People’s Leasing has developed its latest Integrated Annual Report with a strong emphasis on governance, transparency, sustainability, and value creation. The report provides a comprehensive overview of the company’s financial and non-financial performance, strategic priorities, operational progress, and sustainability initiatives during the year under review.
Building on the digital reporting innovations introduced in the previous year, the latest report incorporates advanced features designed to improve stakeholder engagement and accessibility. These include an AI-powered video chatbot, an AI-powered text chatbot, and ten video-based report summaries providing simplified insights into key sections of the report.
Further demonstrating its commitment to inclusive communication, the report includes AI-powered video summaries available in Sinhala, Tamil, and English, sign-language-enabled content for hearing-impaired stakeholders, and a specially developed Braille Report to support visually impaired audiences.
These initiatives reflect People’s Leasing’s vision of ensuring that corporate information remains accessible, understandable, and meaningful to all stakeholders regardless of their abilities or preferred communication methods.
The 13th Integrated Annual Report also marks the company’s transition to full compliance with the newly introduced SLFRS S1 and SLFRS S2 sustainability disclosure requirements, further enhancing the quality, credibility, and transparency of its sustainability reporting framework.
Through continued innovation in corporate reporting, People’s Leasing reaffirms its commitment to responsible growth, strong governance, and creating long-term value for all stakeholders.
Commercial Bank and Carmart Partner to Make Peugeot and Leapmotor Vehicles More Accessible
