Union Bank partners SLECIC to boost migrant worker financing solutions

Friday, 22 May 2026 00:02 - - {{hitsCtrl.values.hits}}

Union Bank has strengthened its collaboration with the Sri Lanka Export Credit Insurance Corporation (SLECIC) to significantly enhance financial solutions for Sri Lankan migrant workers.

The partnership was formalised recently with the official sharing of an APARA Guarantee. The event was held with the participation of SLECIC Chairman/MD Prof. Aruna Shanthaarachchi and Union Bank Chief Business Officer Asanka Ranhotty, alongside officials from both organisations.

This initiative enables Union Bank to offer pre-departure loans to migrant workers backed by robust credit insurance guarantees, ensuring greater financial access and security. The credit guarantee mechanism supports banks in extending financing with reduced risk, empowering migrant workers to pursue overseas employment opportunities with confidence.