UB Finance Company spreads wings to Kurunegala and Galle

Tuesday, 4 June 2013 00:00 - - {{hitsCtrl.values.hits}}

UB Finance Company Limited (UBF) a subsidiary of Union Bank of Colombo PLC backed by their US-based strategic investment partner Show Cap II has started to penetrate the finance market with a strong and steady growth.

Keeping in line with their strategic intent of expanding its foot print and getting closer to its customers, UBF launched two new branches in Kurunegala and Galle recently. Both the occasions were graced by Union Bank of Colombo PLC Chairman Alexis Lovell, along with the Chief Executive Officer Ransith Karunaratne, the Board of Directors, Senior Management, existing clients of UBF and well wishers.

Lovell stated: “We are excited to be a part of cities with high business potential like Kurunegala and Galle. The establishment of our new full-service branches represents a long-term commitment to the individuals, families and businesses of these thriving two cities.”

Fixed Deposits Chief Manager Jude Muthugala emphasized on UBFs Fixed Deposits schemes: “Being the first Finance Institute to be backed by a Commercial Bank in the private sector, our customers enjoy the best interest rates on offer in the market secured by the strength of a Bank. We have clearly identified our clients and are well equipped to provide them with tailor made financial solutions to accommodate their specific needs. We will be strengthening our network by adding two more new branches this quarter.”

Both the events were preceded by town storming street promotions announcing UBFs innovative financial solutions such as, leasing, higher purchase, loans, fixed deposits, savings, real estate and factoring.