Union Bank opens branch in Pelawatta

Union Bank of Colombo PLC opened its 38th branch in Pelawatta on 7 May 2013 at No. 966, Pannipitiya Road, Pelawatta. The new branch was ceremonially opened by Alex Lovell, Chairman of Union Bank.

Lovell, speaking at the opening ceremony, said that the bank has in a short period of time evolved as one of Sri Lanka’s fastest growing financial services groups. He also stated that the bank has a solid financial foundation and has already met the 2015 capital adequacy requirements of Central Bank.

In its continuous efforts to deliver superior service to customers, the bank has recently invested in excess of Rs. 600 million on a state-of-the-art core banking system, placing Union Bank at the helm of IT capabilities in the banking industry in Sri Lanka.

Spaciously located in the heart of Pelawatta and complemented with a pleasant and convenient banking ambience, the Pelawatta Branch offers a comprehensive range of financial solutions for Small and Medium Enterprises (SMEs) and Personal Banking customers.

The bank’s expansion is honed and specifically geared to grow the SME and retail portfolio and the growing branch network complements the bank’s vision and journey of becoming the preferred bank for SMEs.