Commercial Bank and Toyota Lanka renew partnership to offer attractive leasing solutions nationwide
Commercial Bank of Ceylon and Toyota Lanka (Private) Limited have renewed their strategic partnership to make owning a new Toyota vehicle more accessible and affordable through attractive leasing packages, reflecting the Bank’s commitment to driving growth through highly tailored financing solutions and value-added benefits.
The renewed collaboration by two leaders in their respective fields, will promote leasing facilities for the full range of Toyota passenger and commercial vehicles through Commercial Bank’s island-wide branch network, offering both existing and new customers an opportunity to finance their vehicle purchases on favourable terms.
With this arrangement, Commercial Bank will offer the lowest interest rates and flexible repayment plans that can be tailored to customers’ income patterns. Customers obtaining lease facilities for Toyota vehicles will also qualify for a waiver of credit card joining and annual fees for the first two years on cards issued by the Bank.
Toyota customers will benefit from the flexible residual value repayment options that significantly lower monthly rentals by deferring up to 50% of the cost of the vehicle for one year, scaling down to 30% for a five-year tenure, payable at the end of the lease period.
Additionally, a special benefit will be offered on brand-new Toyota vehicles leased under this arrangement through a partnership between Commercial Bank and Commercial Insurance Brokers (Pvt) Ltd. (CIBL). To further enhance the financial flexibility, the premium payments for insurance policies placed via CIBL can be converted into 6- or 12-month 0% interest Easy Payment Plans (EPP), with handling fees completely waived, the Bank said.
Complementing these financing benefits, Toyota Lanka will provide free vehicle registration, the first three standard services at no charge, and a manufacturer’s warranty covering three years or 100,000 kilometres, whichever occurs first.
The renewed partnership underscores Commercial Bank’s commitment to delivering competitive and customer-focused leasing solutions through collaborations with reputed automotive partners. By combining flexible financing with savings on vehicle-related costs and after-sales benefits, the initiative is designed to help customers manage the financial commitment of purchasing a new vehicle with greater convenience and confidence, the Bank said.
Commercial Bank was the first Sri Lankan bank to achieve a market capitalisation exceeding US$ 1 billion. The Bank emerged as the No. 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. The Bank has the highest capital base among all Sri Lankan banks, and is one of the largest private sector lenders in Sri Lanka. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as the most respected and most-awarded bank in Sri Lanka, is a leader in digital innovation and is the country’s first 100% carbon-neutral bank.
Commercial Bank operates more than 270 strategically-located branches and an extensive network of automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 21 branches in Bangladesh, a majority stake in a fully-fledged Tier I Bank in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully-owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
Photo caption: Mr Sanath Manatunge, Managing Director/CEO of Commercial Bank and Mr Masaaki Kawabata, Chairman of Toyota Lanka exchange the agreement in the presence of senior representatives of the two companies.
