UB Finance Co, which was formed by Sri Lankas 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 approx. Rs 2 billion has established UB Finance as one of the leading 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. UB Finances strategic intent is to deliver a unique proposition of economic and social value to all Sri Lankans. Facilitating and nourishing its clients with the long standing Sri Lankan sentiment of being traditional and auspicious at every significant step of their journey towards the successful realisation of financial aspirations in life is a key driver of the company. Further, UB Finance has already achieved its distinctive status in the corporate world with its gesture of being uniquely socially responsible in coming forward to the rescue of thousands of customers who were victimised by the collapse of the Ceylinco regime, underpinning its core values of social accountability and economic viability.