Committed to enhancing customer lifestyles and making top-tier mobility accessible, the Commercial Bank of Ceylon has entered a strategic partnership with Colonial Motors (Ceylon) Limited, the authorized agent for Mazda in Sri Lanka. This partnership aims to facilitate the purchase of Mazda vehicles through the bank’s leasing solutions.
The collaboration was formalized through a Memorandum of Understanding (MoU) and introduces a joint promotional campaign that will run until November 30, 2026.
Under this partnership, Commercial Bank will offer attractive interest rates and flexible leasing facilities through its extensive branch network across the island, enabling customers to part-finance new Mazda vehicles conveniently. The bank’s approach allows customers to select repayment plans that align with their income patterns, ensuring affordability and accessibility.
Colonial Motors will enhance these benefits with a suite of exclusive offers for Mazda buyers during the promotional period. These include a special discount of Rs. 150,000 on any Mazda model, free vehicle registration, seven labor-free services, and a 15% discount on spare parts for the first owner.
Commercial Bank has consistently partnered with reputable vendors to curate competitive leasing packages, supporting customers seeking reliable and cost-effective vehicle financing. This latest partnership is designed to extend attractive and affordable rental options to both existing and new customers, enabling them to take advantage of favorable terms and value-added benefits when purchasing a new Mazda.
As the first Sri Lankan bank with a market capitalization exceeding US$ 1 billion, Commercial Bank was also the first bank in the country to be listed among the Top 1000 Banks of the World. It has the highest Tier I capital base among all Sri Lankan banks. The bank is the largest private sector lender in Sri Lanka and the leading lender to the country’s SME sector. 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 strategically located branches and automated machines island-wide and has the widest international footprint among Sri Lankan banks. It has 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 Ltd. 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 Mr. Suresh Rasaratnam, Manager Finance at Colonial Motors exchange the agreement in the presence of representatives from both companies.
