UB Finance PLC was formed by Sri Lanka’s premier financial institution, Union Bank of Colombo PLC with its international strategic investment partner in 2012 being the first licensed finance company in Sri Lanka to be backed by a private commercial bank. In 2023, CG Capital Partners Global Pte. Ltd, one of the leading conglomerates in the Asia, became the main stake holder of the Company with the acquisition of Culture Financial Holdings Ltd, a majority shareholder in Union Bank of Colombo PLC.
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