📈 Sampath Bank & John Keells Partner to Boost NEV Adoption

Sampath Bank PLC has signed a Memorandum of Understanding (MoU) with John Keells CG Auto Ltd. (JKCG Auto) to provide preferential financial solutions for buyers of New Energy Vehicles (NEVs), specifically targeting BYD and DENZA models. • Key Financial Benefits: • Interest Rate Reduction: Sampath Bank will offer a special interest rate cut of 0.5% below its standard published rate for these vehicles. • Insurance Financing: Customers can access dedicated loan facilities to cover insurance premiums, lowering initial upfront costs. • Added Perks: Complimentary credit cards with zero joining fees will be issued to buyers. • Distributor & Market Footprint: • Authorized Entity: JKCG Auto (a subsidiary of John Keells Holdings PLC and CG Auto PTE. Ltd.) is the sole authorized distributor for BYD and DENZA in Sri Lanka. • Network & Sales: The company has a widespread presence across Colombo, Kurunegala, Moratuwa, Kandy, Galle, Ampara, Jaffna, and Ratnapura. It recorded sales of over 10,000 vehicles within the past year. • Strategic Impact: The partnership aims to lower the barrier to entry for eco-friendly sustainable mobility and support the development of Sri Lanka's domestic NEV ecosystem.