UB Finance to list on the CSE
The Company is set to debut on the Diri Savi Board of the CSE subject to compliance with the CSE Listing rules and will be one of the first IPOs post announcing of the local debt restructuring framework. The issue will be managed by NDB Investment Bank Limited (NDBIB). The Company embarked on the listing process in compliance with the Central Bank of Sri Lanka (CBSL) requirement for all LFCs to be listed on the CSE. In 2021, UBF successfully raised LKR 1.99Bn via a rights issue to strengthen the Company’s Balance Sheet and meet the revised capital thresholds set out by the CBSL. The Company has a high capitalisation ratio with an unimpaired core capital of LKR 2.54Bn and a Tier 1 Capital Adequacy Ratio and Total Capital Adequacy Ratio of 31.07% and 31.07% respectively as at 31st March 2023 comfortably exceeding CBSL thresholds. The Company has established itself as a leading LFC in the financial services space since its acquisition in 2011 by Union Bank of Colombo PLC together with its strategic investment partner ShoreCap II Limited (a US-based social impact fund). UBF specializes in asset-backed financing for SMEs, successfully catering to its customers’ diverse needs with an extensive range of financial products and services, including fixed deposits, savings, leasing, loans, mortgages, easy drafts, real estate, gold loan solutions etc. The Company’s contribution towards serving the non-banked space of the economy is notably influenced by the social impact mindset of UBF’s second largest shareholder, ShoreCap II Limited. Fitch Ratings recently assigned UBF a first time National Long-Term Rating of ‘BB (lka)’ (RWN). Drawing from the corporate governance practices and financial strength of its two major shareholders, the Company operates on the basis of integrity and customer empowerment, creating new opportunities and delivering unique customer experiences through its 17 branches and multiple customer - dealer touch points across the island. In line with the financial and economic restructuring of Sri Lanka, UBF remains committed to its vision of being “A Preferred Financial Services Provider” fostering growth for SMEs and contributing to the economic development of the country. |
Capital Infusion into UB Finance Co. Ltd. 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. Despite the challenges faced by the Financial Services Sector due to the Covid-19 pandemic, the Management is optimistic about the future of Sri Lanka as a Commercial, Financial and Transshipment hub and is geared with innovative products and technological platforms to leverage on and support this economic growth. |
| UB ෆිනෑන්ස් අද්වීතීය මූල්‍ය සේවාවක් සමග පෙරට. ශ්‍රී ලංකාව තුල මූල්‍ය කටයුතු සිදුකරන සමාගම් අතරින් කීර්ති නාමයක් දිනා ඇති Union Bank ආයතනට අයත් සමාගමක් වන UB Finance ආයතනය රුපියල් බිලියන 11 ට ආසන්න වත්කම් හිමි මූල්‍ය සමාගමකි. දිවයින පුරා ශාඛා 17 ක සේවයේ නියතු 260 ක් වන තෘප්තිමත් සේවක මණ්ඩලය සමග ගනුදෙනු කරුවන්ගේ අවශ්‍යතාවයට මනාසේ ගැලපෙන මූල්‍ය සැලසුම් හදුන්වාදෙමින් මේවන විට දේශීය ව්‍යාපාරික ප්‍රජාවගේ මූල්‍ය සහකරු ලෙස සන්නාමගතවී හමාරය. MORE >> |
| 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 >> |
UB Finance Launches “EASY DRAFT” UB Finance enhanced its product portfolio by introducing another attractive working capital tool “Easy Draft”. This innovative working capital solution has been developed to fulfill the short term financing requirements of small and medium enterprises. MORE >> |
“Percy” to Cheer UB Finance UB Finance recently signed up Mr. Percy Abeysekera fondly known as “Percy” by the cricket loving public the world over as a Brand Ambassador to promote the products and services offered by the Company. |
Union Bank to sell off its finance arm… Further to the captioned article published in the Business Times section of the Sunday Times of 22nd December 2013, this serves as a correction to inform and clarify to the public the incorrect statements made in the said article. The Union Bank of Colombo PLC together with its Strategic Investment Partner ShoreCap II Limited invested LKR 1.15Bn to acquire a controlling interest in UB Finance Company Limited in November 2011, making it the first Finance Company to be owned by a private sector Commercial Bank. Union Bank and ShoreCap II currently collectively hold an 82% stake in the Company. MORE >> |
| Data of Incorporation : 12 July 1961 | |
| Licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011 |
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| Company Reg. No : PQ 00283806 | |
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| Copyright © 2012 - 2024 UB Finance PLC. All Rights Reserved. |
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| Concept & Development By - I-WEB SOLUTIONS |