UB Finance Co. Ltd. a subsidiary of Union Bank of Colombo PLC commits to a rights issue amounting to LKR 1.6 Billion to strengthen its Balance Sheet and meet the capital guidelines of the Central Bank of Sri Lanka (CBSL) by 31^st December 2020 as approved by the CBSL.

The Company has recorded significant growth since its acquisition by Union Bank of Colombo PLC in 2011 and has established itself as a Premier Financial Services Provider in the Island.

Despite the challenges faced by the Financial Services Sector due to the Covid-19 pandemic, the Management is optimistic about the future of Sri Lanka as a Commercial, Financial and Transshipment hub and is geared with innovative products and technological platforms to leverage on and support this economic growth.