Union Bank
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Overview
Established in 1995 Union Bank is a strong player in the Banking sector in Sri Lanka with over 28 years of service to the Nation. Well capitalised, with a solid financial standing Union Bank is a listed private commercial bank offering financial solutions to the Retail, SME and Corporate segments.
Union Bank is synonymous with progressiveness and potential for growth and is an entity that has attracted global and local investors.
2014 marked a key milestone in the Financial Services Industry in Sri Lanka with an investment of USD 117 Mn in Union Bank by the global investment company TPG making it one of the largest foreign direct investments to Sri Lanka.
With expansion and progress, the Bank garnered the attention of CG Capital Partners Pte Ltd, an affiliate company of CG Corp Global which indirectly acquired the majority shareholding of Union Bank since October 2023. CG Corp Global is a multi-business conglomerate synonymous as a Global Growth Company in Asia and is the largest shareholder of Nabil Bank, the largest private bank of Nepal. www.cgcorpglobal.com
The Bank has implemented a cohesive plan for accelerated growth with substantial innovations and developments to its product offering, technological and delivery platforms to provide a superior banking experience to its customers. With 63 branches island-wide supplemented by alternate channels that include a dynamic sales force, a 24- hour call centre, digital banking platforms and an island-wide ATM network the Bank provides convenient access to financial services.
Union Bank’s subsidiaries include National Asset Management Limited, Sri Lanka’s premier Asset Management company and UB Finance Company Limited.
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