UB FINANCE LAUNCHES FACTORING & WORKING CAPITAL SOLUTIONS.

UB Finance Company limited, a subsidiary of Union Bank of Colombo PLC backed by their US based strategic investment partner ShowCap II, has expanded its trade-related portfolio by offering Factoring and Working Capital Solutions to small and medium enterprises. MORE >>

Latest acquisition of Sri Lanka's premier financial institution, Union Bank of Colombo PLC along with its international strategic investment partner Shore Cap II Ltd (USA) formed UB Finance Company Ltd (UBF) in the end of the year 2011.

At UBF we offer our clients with comprehensive financial solutions such as Leasing, Higher Purchase, Loans, Fixed Deposits, Savings, Real Estate and Factoring.  Being registered under the Monetary Board of the Central Bank of Sri Lanka, UBF is the first finance institute to be backed by a commercial bank in the private sector, thus having the stability of a bank and flexibility of a finance company. MORE >>

 

UB Finance Co, which was formed with the acquisition of The Finance & Guarantee Co Ltd by Sri Lanka’s premier financial institution, Union Bank of Colombo PLC and its international strategic investment partner, ShoreCap II Ltd. has become the latest entrant to the world of finance in Sri Lanka.

This significant move with a capital infusion of Rs 1.1 billion has established UB Finance as the only finance company to be backed by a commercial bank in the private sector in Sri Lanka highlighting a positive outlook for all stakeholders of the company in delivering a sustainable and mutually benefitting partnership. MORE >>