Sunday Observer Online


Sunday, 22 March 2015





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Union Bank refurbishes Nugegoda branch

The Union Bank has introduced a new customer centric layout to its branch network as part itss robust development initiatives.

Chairman, Union Bank, Dr. Jayendra Nayak opens the refurbished Nugegoda branch. Director and Chief Executive Officer, Union Bank, Indrajit Wickramasinghe and bank officials look on.

The new layout was unveiled at its branch at Stanley Thilakarathne Mawatha, Nugegoda. Chairman, Union Bank, Dr. Jayendra Nayak opened the upgraded branch recently.

Dr. Nayak, said that a transformation is evident in the newly 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 a solid foundation and stability for the Bank's growth initiatives.

As a result, UBC has outgrown its SME focus placing equal importance on 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.

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 supported by the strength of TPG, the US based global private investment firm with US$65 billion in capital under management and an extensive global network with significant presence in Asia and Europe.

TPG's investment of US$117 million in Union Bank marked a milestone in the financial services industry as one the largest foreign direct investments to Sri Lanka.

With a solid foundation etched with financial stability and international know-how, Union Bank is among the top five private commercial Banks in market capitalisation in Sri Lanka, offering a full range of products and services to personal and commercial financial sectors.

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