Union Bank unveils new Head Office

Saturday, 7 January 2012 02:20 - - {{hitsCtrl.values.hits}}

Union Bank unveiled its new state-of-the-art Head Office yesterday. Governor of the Central Bank Ajith Nivard Cabraal ceremonially declared opened the new premises located at No. 64 Galle Road, Colombo 3.

The new head office marks another momentous occasion for Union Bank, bringing together a combination of state-of-the-art technology, competitive financial solutions and superior service delivery under one roof.

As the preferred bank for the small and medium enterprises, Union Bank continues to add value in strengthening the sector and the opening of the new head office further signifies its pledge in delivering flexibility and efficiency to the bank’s customers in order to fuel their growth to greater heights.

The new head office will also house the bank’s subsidiary companies including National Asset Management Limited, offering customers easy access to a wider portfolio of value added products and services.

With the predicted high economic growth rates, the banking and finance sector will contribute positively in driving the country’s way forward. In this context, Union Bank has leveraged on its strong financial position and has comfortably surpassed the regulatory requirements on capital adequacy placed by the Central Bank of Sri Lanka and is already nearing the Rs. 5 b mark required by 2015 enabling more space to continue bank operations safely and to remain steady and resilient.

With the bank’s new strategic direction and expansion plans taking positives strides in a short period of time, 2011 highlighted several significant events for Union Bank with its IPO receiving the highest over subscription and its diversification plans being consequential with the acquisition of National Asset Management Ltd. and The Finance and Guarantee Company Limited.

Opening of the new Head Office earmarks a stepping stone to 2012, a new year that holds many plans to further strengthen the bank’s position as the preferred bank for the small and medium enterprises.

The bank’s strong financial position and investor portfolio continues to support Union Bank to emerge even stronger in a challenging environment. Union Bank is one of Sri Lanka’s fastest growing banks and is continuously innovating and adding value to its product portfolio hence the bank offers a comprehensive SME and retail product portfolio to customers.

Union Bank has a branch network of 30 branches including seven branches in the north and east.

Central Bank Governor Ajith Nivard Cabral (second from right) and Union Bank Chairman Ajitha De Soyza (far right) are engaged in what seems to be an intense discussion as Union Bank Director CEO Anil Amarasooriya (far left) and Union Bank Deputy Chairman Alex Lovell (second from left) look on –

Pic by Upul Abayasekara