The partnership was officially launched on 12th August 2025.
With agriculture playing a pivotal role in national development, the collaboration between HNB and Plantchem seeks to improve access to high-quality, affordable farming equipment for cultivators across the country.
Through this initiative, farmers and agri-entrepreneurs will be able to obtain Lovol tractors under flexible and competitive leasing packages, improving productivity, efficiency, and long-term sustainability in the sector.
HNB Senior Vice President and Head of Retail Banking, Kanchana Karunagama said the Bank remains committed to accelerating the modernisation of Sri Lanka’s agriculture ecosystem.
“We believe that access to affordable and reliable agricultural machinery is key to improving livelihoods and productivity in rural Sri Lanka.
Through our partnership with Plantchem, we’re proud to offer attractive financing options that will empower farmers to invest in their future and adopt more efficient and sustainable farming practices.”
As the exclusive distributor for Lovol tractors in Sri Lanka, Plantchem has earned a reputation for delivering durable, high-performance machinery backed by strong aftersales support.
The company operates under DIMO Group, a leading name in Sri Lanka’s automotive and engineering sectors.
Commenting on the partnership, Plantchem CEO, Gahanath Pandithage noted:
“This partnership with HNB opens up new possibilities for Sri Lanka’s agriculture community. Lovol tractors are designed to handle a wide range of farming applications with efficiency and ease.
By combining our product strength with HNB’s islandwide reach and financing expertise, we are well-positioned to make mechanisation more accessible to those who need it most.”
The HNB–Plantchem partnership reflects both organisations’ shared focus on enabling growth in the agriculture sector, while also contributing to the government’s broader rural development goals.
Bashitha Weerasinghe (Senior Bank Associate),Viraj De Silva (Assistant Manager – Leasing),Mahesh Ratnayake (Product Manager – Leasing),Mr.Udara Pathinayake (Vice President – Leasing),Kanchana Karunagama (HNB - Senior Vice President / Head of Retail Banking).Priyanga Dematawa (Plantchem - Director),Rajeev Pandithage (Executive Director),.Ranjith Mahadurage (Head of Business Operations), and Lal Galagamage (Manager – Finance)