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.
UBF believes that there is an increasing demand for working capital solutions from Sri Lankan businesses seeking to improve their financial liquidity through alternative forms of finance. Hence it is an excellent opportunity to support the development of local businesses through the establishment of the Factoring and Working Capital Solutions unit.
UB Finance Company Limited is the first finance institution to be backed by a commercial bank in the private sector.Therefore, having the stability of a bank and flexibility of a finance company, we are well ahead in providing specialized service to our clients”, says Ms.Himali Perera, Senior Manager Factoring, the latest addition to the management team of UBF.
Counting over 15 years of experience in the Banking and Finance sector, Ms.Perera believes that providing superior customer service is the key to success in this competitive industry and further added that her team is ready to support clients with out-of-the box working capital solutions.