Thu. Oct 29th, 2020

UB Financing Co. Ltd. a subsidiary of Union Bank of Colombo PLC is dedicating to a rights problem amounting to Rs.1.6 billion to enhance its balance sheet and please the capital standards of the Reserve bank of Sri Lanka (CBSL) by 31st December 2020 as authorized by the CBSL.

The business has tape-recorded considerable development considering that its acquisition by Union Bank of Colombo PLC in 2011 and has established itself as a premier financial companies in the island.

Regardless of the obstacles faced by the monetary services sector due to the COVID-19 pandemic, the management is positive about the future of Sri Lanka as an industrial, financial and transshipment hub and is tailored with ingenious items and technological platforms to utilize on and support this economic growth.

By Editor

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