UB Finance Co. Ltd. BB rating reaffirmed by ICRA Lanka

ICRA Lanka Limited a group company of Moody’s Investment Service reaffirmed the UB Finance Co. Ltd. issuer rating of SL (BB) with a negative outlook. The Company is looking at a significant capital infusion by a multinational investor and is confident in further strengthening its position going forward.

Over the past eight years UB Finance has acquired a strong lending and deposit client base and has a reputation for strength and stability within the financial services sector. The Company has also built strong connections with local communities and other stakeholders through a well distributed network across the Country.

As a Union Bank Company, UB Finance leverages on the expertise of Group resources for guidance in business operations, treasury management, risk management and good governance and offers its customers the unique business proposition of “the versatility of a finance company backed by the strength of a Bank”.


Ransith Karunaratne weighs the pros and cons of the financial services industry Having enjoyed consistent year on year growth for almost a decade, the financial services industry slowed down considerably in 2018 and 2019. And as Ransith Karunaratne states, “there is a direct correlation between the macroeconomy and financial services, and the slowdown in economic activity has adversely impacted the industry.” MORE >>


UB Finance Company limited, a subsidiary of Union Bank of Colombo PLC backed by their US based strategic investment partner ShowCap II, has expanded its trade-related portfolio by offering Factoring and Working Capital Solutions to small and medium enterprises. MORE >>

Latest acquisition of Sri Lanka's premier financial institution, Union Bank of Colombo PLC along with its international strategic investment partner Shore Cap II Ltd (USA) formed UB Finance Company Ltd (UBF) in the end of the year 2011.

At UBF we offer our clients with comprehensive financial solutions such as Leasing, Higher Purchase, Loans, Fixed Deposits, Savings, Real Estate and Factoring.  Being registered under the Monetary Board of the Central Bank of Sri Lanka, UBF is the first finance institute to be backed by a commercial bank in the private sector, thus having the stability of a bank and flexibility of a finance company. MORE >>


UB Finance Co, which was formed with the acquisition of The Finance & Guarantee Co Ltd by Sri Lanka’s premier financial institution, Union Bank of Colombo PLC and its international strategic investment partner, ShoreCap II Ltd. has become the latest entrant to the world of finance in Sri Lanka.

This significant move with a capital infusion of Rs 1.1 billion has established UB Finance as the only finance company to be backed by a commercial bank in the private sector in Sri Lanka highlighting a positive outlook for all stakeholders of the company in delivering a sustainable and mutually benefitting partnership. MORE >>