Thursday, 19 March 2015 00:05
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As part of Union Bank’s robust development initiatives the bank introduced a new customer-centric layout to its branch network.
Continuing its design rollout, the new layout was unveiled at the Nugegoda branch located at No. 114, Stanley Thilakaratne Mawatha, Nugegoda. Chairman of Union Bank, Dr. Jayendra Nayak reopened the newly-upgraded branch at an event graced by several customers.
Speaking at the event, Dr. Nayak stated that a transformation was evident in the redesigned branch with all enablers in place for greater banking convenience. The investment by TPG, one of the largest private equity firms in the world, provides solid foundation and stability for the bank’s growth initiatives. As a result, UBC has outgrown its SME focus placing equal importance on the retail and corporate sectors.
Focusing on actively growing the retail sector as an integral part of its development plan, the bank has embarked on upgrading its branches to provide a redefined experience for convenient banking. Furthermore, value additions have been made to the retail product portfolio in ensuring retail customers are provided with a range of financial solutions for their banking needs. Union Bank is one of Sri Lanka’s leading banks, supported by the strength of TPG, the US-based global private investment firm with $ 65 billion in capital under management and an extensive global network with a significant presence in Asia and Europe. TPG’s investment of $ 117 million in Union Bank marked a milestone in the financial services industry as one of the largest foreign direct investments to Sri Lanka. With a solid foundation etched with financial stability and international know-how, Union Bank is amongst the top five private commercial banks in market capitalisation in Sri Lanka, offering a full range of products and services to the personal and commercial financial sectors.
