UB Finance Co. Ltd. one of the highest capitalized finance companies in Sri Lanka

UB Finance Co. Ltd. a subsidiary of Union Bank of Colombo PLC commits to a rights issue amounting to LKR 1.6 Billion to strengthen its Balance Sheet and meet the capital guidelines of the Central Bank of Sri Lanka (CBSL) by 31st December 2020 as approved by the CBSL. The Company has recorded significant growth since its acquisition by Union Bank of Colombo PLC in 2011 and has established itself as a Premier Financial Services Provider in the Island.
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Capital Infusion into UB Finance Co. Ltd.

UB Finance Co. Ltd. a subsidiary of Union Bank of Colombo PLC successfully concluded a Rights Issue to raise approx. LKR 2 Billion to strengthen the Company’s Balance Sheet and meet the revised capital thresholds set out by the Central Bank of Sri Lanka.
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UB Finance Co. Ltd. BB rating reaffirmed by ICRA Lanka

ICRA Lanka Limited a group company of Moody’s Investment Service reaffirmed the UB Finance Co. Ltd. issuer rating of SL (BB) with a negative outlook. The Company is looking at a significant capital infusion by a multinational investor and is confident in further strengthening its position going forward.
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UB Finance in Rs. 300 Mn unlisted debenture issue

Paper articles on above investment were published in followings news papers on 28th of October 2016. You can access the articles though the following links. MORE >>