UB Finance PLC

UB Finance PLC was formed by Sri Lanka’s premier financial institution, Union Bank of Colombo PLC with its international strategic investment partner in 2012 being the first licensed finance company in Sri Lanka to be backed by a private commercial bank. In 2023, CG Capital Partners Global Pte. Ltd, one of the leading conglomerates in the Asia, became the main stake holder of the Company with the acquisition of Culture Financial Holdings Ltd, a majority shareholder in Union Bank of Colombo PLC.

CG Corp Global established in 1935, is the holding company of CG Capital Partners Global Pte Ltd and takes pride as one of the leading conglomerates in Asia with over 160 companies, 123 brands in the global market and the strength of more than 15,000 employees. It is a key player in many diverse industries various industries, including banking & finance, food & beverage, hospitality, real estate, education, consumer electronics, cement, hydro power, telecommunication and Infrastructure. The Company is a major player in the financial services sector in Nepal, being the largest shareholder of Nabil Bank which is listed as the largest private bank on the Nepalese Stock Exchange.

The Board of Directors of UB Finance PLC is led by Chairman, Mr. Malay Mukherjee an eminent senior banking professional with extensive experience in the banking and financial service industry. The Directorate comprise of unique and diverse combination of local and international business professionals including Chairman, Mr. Malay Mukherjee, Mr. Sabry Ghouse, Ms. Lisa Thomas, Mr. Moahan Balendra, Mr. Jayendra Setukavalar, Mr. Sanjay Pokhrel and Mr. Ransith Karunaratne (Chief Executive Officer) whose expertise will no doubt transform UB Finance to a flagship brand in the financial services industry in Sri Lanka.

UB Finance, licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange, specializes in asset-backed financing for SMEs, successfully catering to its customers’ diverse needs with an extensive range of financial service offerings including fixed deposits, savings, leasing, loans, mortgages, easy drafts, real estate, gold loan solutions etc.

Drawing from the corporate governance practices and financial strength of Union Bank of Colombo and the international expertise of CG Corp Global, UB Finance operates on the basis of integrity and customer empowerment, creating new opportunities and delivering unique customer experiences through its branch network and multiple customer – dealer touch points across the island.

The Company is especially focused on uplifting the unbanked Retail and SME sectors, recognizing their vital role in spurring economic recovery and sustainable growth and is geared to be a key partner in Sri Lanka’s accelerated growth strategy that deliver economic and social value with a difference and be perceived as the finance company who understands the true emotions of Sri Lankans.