Tuesday, 9 September 2014 01:12
Union Bank of Colombo PLC declared opened its 61st branch in Akuressa recently. The new branch is located at 50A, D. C Vanigasekara Mawatha, Akuressa. The branch was ceremonially opened by Union Bank Director/CEO Anil Amarasuriya.
Earlier this month, Union Bank announced that it has entered into an agreement with Culture Financial Holdings Ltd., an affiliate of TPG, a leading global private investment firm. The investment of approximately $ 117 m is one of the largest foreign direct investments into Sri Lanka in recent years.
Through this investment Union Bank will be able to tap into TPGâ€™s operational expertise and global resources to not only strengthen Union Bankâ€™s balance sheet but also introduce new products and expand the network in order to offer better services to customers. TPGâ€™s aim is to see Union Bank emerge as one of the top five commercial banks in the country.