UBF opens two branches

UB Finance Company Limited (UBF), a subsidiary of Union Bank of Colombo PLC backed by its US based strategic investment partner, Show Cap II, opened branches in Kurunegala and Galle recently.

Chairman, Union Bank of Colombo PLC Alexis Lovell, Chief Executive Officer, Ransith Karunaratne, members of the Board of Directors, senior management, clients of UBF and otherw were present.

Chairman, UBF, Lovell said, "We are excited to be a part of cities with high business potential such as Kurunegala and Galle. The setting up of our full-service branches represents a long-term commitment to individuals, families and businesses of the two cities."

"Being one of the first financial institutes to be backed by a commercial bank in the private sector, our customers enjoy one of the best interest rates in the market secured by the strength of a bank," said the Chief Manager, Fixed Deposits, Jude Muthugala.

"We have identified our clients and are equipped to provide them financial solutions to accommodate their specific needs. We will be strengthening our network by adding two more branches this quarter," he said.

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