UBF launches Kurunegala, Galle 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, 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 Chief Executive Officer Ransith Karunaratne, members of the Board of Directors, the senior management, existing clients of UBF and well-wishers.

UBF Chairman Alexis 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.”“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,” stated Chief Manager Fixed Deposits Jude Muthugala, emphasizing on UBF’s fixed deposits schemes.Both the events were preceded by town storming street promotions announcing UBF’s innovative financial solutions such as, leasing, higher purchase, loans, fixed deposits, savings, real estate and factoring.