Sampath Bank and John Keells CG Auto (Pvt) Ltd Offer Preferential Rates and Insurance Financing for NEV Buyers

Sampath Bank PLC recently entered into a Memorandum of Understanding (MoU) with John Keells CG Auto (Private) Limited to introduce preferential financial solutions for customers seeking to purchase new energy vehicle (NEV), supporting the growing shift towards sustainable mobility in Sri Lanka.

The agreement, formalised at the BYD Head Office, brings together Sampath Bank and JKCG Auto to present a range of exclusive benefits designed to enhance accessibility and convenience for customers considering BYD and DENZA vehicles.

 Under this partnership, Sampath Bank will offer a special interest rate for customers, reflecting a reduction of 0.5% from its published rate for BYD and DENZA vehicle purchases. This offering is structured to ease the financial commitment associated with vehicle ownership within the new energy vehicle segment. 

Customers will also have access to a loan facility to cover insurance premiums, allowing for more manageable upfront costs while maintaining comprehensive protection. In addition, the Bank will extend free credit cards without a joining fee, providing added financial flexibility and everyday convenience. 

John Keells CG Auto (Private) Limited, a subsidiary of John Keells Holdings PLC and CG Auto PTE. Ltd., operates as the authorized distributor for BYD and DENZA vehicles in Sri Lanka. The company maintains a presence across Colombo, Kurunegala, Moratuwa, Kandy, Galle, Ampara, Jaffna and Ratnapura, supported by after-sales service locations in key regions and a large-scale accident and body repair centre in Seeduwa. The company has also recorded sales of over 10,000 vehicles within the past year. 

The collaboration is expected to encourage the adoption of new energy vehicles by addressing affordability and accessibility, while contributing to the development of the supporting ecosystem required for sustainable mobility in Sri Lanka. Sampath Bank continues to align its offerings with evolving customer needs, delivering financial solutions that priorities convenience and long-term value.

Photo Caption: Image 1: Charith Panditharatne, CEO, John Keells CG Auto (Private) Limited (Sixth from Left) and Mr. Asanka Liyanage, DGM Consumer & SME Banking, Sampath Bank (Sixth from right) exchange the agreement in the presence of representatives from both organisations.