Pan Asia Bank signs MOU with ICC to propel real estate growth

Monday, 22 July 2024 00:17 - - {{hitsCtrl.values.hits}}

ICC Director/CEO Namal Peiris (left) and Pan Asia Bank MD/CEO Naleen Edirisinghe exchange agreement signed between the two organisations

Pan Asia Bank, has announced the signing of a Memorandum of Understanding (MOU) with ICC Ltd., a leading contractor, developer and engineering solutions provider in Sri Lanka.

This strategic partnership aims to drive growth and innovation in the property development sector, leveraging the strengths of both organisations to deliver unparalleled value to customers and stakeholders.

As a result, customers will have the option to finance their property purchases through Pan Asia Bank’s housing loans, benefiting from customised financial solutions that meet their specific needs. This initiative is designed to support customers in their real estate needs by facilitating better access to financing options and innovative solutions tailored to their lifestyles.

Pan Asia Bank Director/CEO Naleen Edirisinghe said: “This MoU with ICC marks a significant milestone for Pan Asia Bank as we continue to expand our support for the real estate sector. We believe that by combining our financial expertise with ICC’s capabilities in the construction and real estate sector; we can drive transformative economic growth while providing value to customers with convenient and customised financial assistance under Pan Asia Bank's housing loans.”

ICC Director/CEO Namal Peiris said: “We are glad to be associated with Pan Asia Bank, a Company that mirrors our values – dedication to quality and progressive development. It is through this mutual cooperation that we shall be in a position to tackle projects of higher scope and create value to the diverse clientele and society in general.”

Pan Asia Bank Chief Manager – Bancassurance, Remittances and Housing Loans, Yohan Ebell said: “Our housing loans are designed to provide flexible and competitive financing solutions, making homeownership more accessible for our customers. This partnership with ICC allows us to extend these benefits to more individuals looking to invest in quality real estate.”