NDB BANK PARTNERS WITH GAVINRO INTERNATIONAL (PVT) LTD. TO EXPAND ACCESS TO ELECTRIC PASSENGER AND COMMERCIAL VEHICLE FINANCING
Pictured (L to R) Anushi Vithanage – AVP, Legal, NDB; Jagath Karunaratne – Senior Business Development and Sales Manager, Leasing, NDB; Dilum Amarasinghe – AVP, Leasing, NDB; Zeyan Hameed – VP, Retail Banking, NDB; Sanjaya Perera – SVP, Personal Banking & Customer Experience, NDB; Abeeth Dangalla – Managing Director, Gavinro International; Shihan De Tissera – Head of Operations, Gavinro International; Anupa Ranasinghe – Financial Controller, Gavinro International; HDY Madhubhashini – Sales and Marketing Coordinator, Gavinro International.
National Development Bank PLC (NDB) has entered into a Memorandum of Understanding (MoU) with Gavinro International (Pvt) Ltd., one of Sri Lanka’s latest EV franchise holders representing several reputed Chinese vehicle manufacturers. This strategic partnership is designed to provide customers with innovative and affordable leasing solutions across Gavinro International’s extensive range of passenger and commercial vehicles, supported by tailor-made financial facilities.
Through this partnership, NDB customers will gain access to a premium portfolio of passenger vehicles, including globally renowned brands such as Skywell, Skyworth, Manufactured by a Fortune 500 China Company, and Keyton. With a focus on affordability and convenience, NDB will offer bespoke leasing solutions featuring fast approvals, minimal documentation, flexible repayment options, and no guarantor requirements, enabling more Sri Lankans to experience the reliability and quality of Gavinro International’s vehicle range.
The collaboration also extends to a wide range of commercial vehicles, including Skywell EV vans, trucks, and buses, which play a vital role in supporting SMEs and larger enterprises across the island. NDB’s specialized financing packages for commercial vehicles are structured to meet the diverse needs of businesses, ensuring entrepreneurs and corporations alike have access to reliable transport solutions required to grow and expand their operations.
In a special initiative to bolster the tourism industry, the partnership introduces a refinancing scheme for Skywell vans, and buses. Tourism operators can now benefit from loans of up to Rs. 25 million at a highly competitive interest rate of just 7%, empowering them to invest in modern, comfortable transport solutions that uplift the sector and enhance visitor experiences in Sri Lanka.
Commenting on the partnership, Dilum Amarasinghe, Assistant Vice President – Leasing at NDB Bank, stated, “This collaboration with Gavinro International is a milestone in delivering comprehensive EV financing solutions to both individuals and businesses. By combining EU-certified, world-class brands with NDB’s flexible and customer-centric leasing facilities, we are creating new opportunities for customers while also supporting vital industries.”
With over five decades of excellence in logistics, property development, imports and exports, motor vehicle trading, and finance and project consulting, Gavinro Investments serves as the holding company of Gavinro International, Gavinro Property Developers, and Rovinco Global.
Commenting on the collaboration, Abeeth Dangalla, Managing Director of Gavinro International, stated, “This partnership with NDB marks a significant step forward in Gavinro’s journey toward reducing Sri Lanka’s carbon footprint. Our shared goal is to make sustainable and innovative electric vehicles accessible to everyone and every sector.”
Together with NDB’s expertise in financial solutions and nationwide reach, this partnership sets the stage for greater access, convenience, and affordability for customers across the country.
