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
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
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
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
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