UB Finance Company Limited (UBF) a subsidiary of Union Bank of Colombo PLC backed by their US based strategic investment partner Show Cap II, launched its Negombo Branch in grand scale, on the 04th of April 2013. The Chairman of Union Bank of Colombo PLC Mr. Alexis Lovell graced the occasion along with the Chief Executive Officer, Mr. Ransith Karunaratne, members of the Board of Directors, the Senior Management, existing clients of UBF and well wishers.

The opening of the new branch comes in line with UBF strategic intent of expanding its foot print and getting closer to its customers to provide them with more innovative financial solutions such as, Leasing, Higher Purchase, Loans, Fixed Deposits, Savings , Real estate and Factoring.

This event was preceded by a town storming street promotion, held on 03rd of April 2013, announcing its fast growing business and residential clientele in the area of their special Avurudu rewards scheme for Fixed Deposit customers.

Commenting on the new opening, Chief Executive Officer, Mr. Ransith Karunaratne, stated, the importance of the new branch in its significant location, which is uniquely positioned to meet the desire of UBF customers in Negombo, offering them with the versatility of a finance company backed by a bank.