The collaboration marks a significant leap forward in the realm of telecommunication distribution in Sri Lanka.
The financing solutions offered by the Bank for the Hutch dealer network, are aimed to expand sales to meet the retail market demands.
The partnership will offer more flexibility to the cashflow management of the Hutch dealer network, while enabling to navigate the market's ever-changing demands with agility and confidence.
Speaking about the initiative, Lalith Fernando, Chief Finance Officer of HUTCH, stated,
“Our strategic alliance with Nations Trust Bank is more than just a partnership.
It’s a commitment to fostering new financial solutions and enhancing the valued Hutch business partner network in the critical supply chain.”
Senal Seneviratne, Executive Vice President of Corporate Banking at Nations Trust Bank, stated,
‘’Our partnership will be mutually beneficial for both Hutch and its dealers.
The financial solutions provided by Nations Trust Bank will not only strengthen the expansion of the Hutch dealer network but also contribute to significant market growth’’.
Nations Trust Bank PLC serves a diverse range of customers across Consumer, Commercial and Corporate segments through multi-channel customer touch points spanning both physical and digital.
The Bank is focused on digital empowerment through cutting-edge digital banking technologies, and pioneered FriMi, Sri Lanka’s leading digital banking experience.
Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka with market leadership in the premium segments.
HUTCH Sri Lanka is a member of the multinational conglomerate CK Hutchison Holdings Limited, a Fortune Global 500 corporation.
The telecom arm of CK Hutchison Holdings stands as a global giant operating in 11 countries spanning across Europe, Asia, and Australia serving over 175 million subscribers.
The group has already launched 5G services in 7 countries reflecting commitment to technology and innovations.