HNB and Baili Investments Drive Accessible Home Financing for Silk Rajagiriya Residents

HNB PLC, Sri Lanka’s leading private sector bank, has formalized a strategic partnership with Baili Investments Lanka (Pvt) Ltd through the signing of a MoU to facilitate tailored home loan financing solutions for Silk Rajagiriya. The agreement, valid until 31 December 2026, outlines a joint approach to providing attractive home loan options while supporting quality residential construction.

Silk Rajagiriya, a project of Baili Investments, a BOI-registered developer with backing from Hong Kong investors, is located at the junction of Buthgamuwa Road and Parliament Road. The development comprises six high-rise towers integrated with a shopping complex, cinema, and premium amenities such as a clubhouse, indoor golf, art gallery, rooftop leisure areas, swimming pool, and jogging track. With construction currently reaching the eighth floor and completion projected for September 2028, Silk Rajagiriya aims to set a new benchmark in Colombo’s urban living by blending lifestyle, culture, and business in a single community.

HNB’s Head of Retail Banking/ Senior Vice President, Kanchana Karunagama highlighted the significance of this collaboration; “At HNB, we remain committed to understanding the evolving needs of the wider community we serve. We aim to provide financial solutions that make their goals achievable, whether it’s owning a home or planning for the future. Silk Rajagiriya replicates modern living, and we are proud to support the community in accessing this opportunity with confidence. Both organizations will collaborate on promotional initiatives, including social media campaigns, to raise awareness among prospective homeowners.”

The initiative marks another milestone for HNB in offering specialized financial solutions aligned with large-scale urban developments. By providing structured home loan options and working closely with developers, the bank reinforces its position as a leader in Sri Lanka’s private banking sector.

“We are sincerely grateful to HNB for standing with us and our residents, guiding every step to make accessing quality of life simple and stress-free. Partnering with HNB ensures home financing is straightforward, strengthens confidence in the real estate sector, and reinforces our commitment to delivering a premium living experience. This collaboration also allows us to create a lasting impact on Colombo- urban landscape by setting new standards for modern, community-focused living.” Xueyuan Deng, Director of Baili Investments expressed.

HNB’s focus on structured collaboration, customer-centric financial products, and support for landmark developments shows its broader commitment to economic growth and urban modernization. Silk Rajagiriya represents a fusion of lifestyle, convenience, and investment potential, and HNB’s partnership ensures that prospective homeowners can participate in this unique opportunity with confidence.

Image 1- HNB’s Head of Retail Banking / Senior Vice President, Kanchana Karunagama, exchanges the agreement with Director of Baili Investments, Mr Xueyuan Deng, in the presence of senior representatives of the two organization.

Source: Adaderana