Union Bank of Colombo PLC, together with its subsidiaries, provides commercial banking and related financial services in Sri Lanka. It operates through four segments: Corporate Banking, SME, Retail, and Treasury. The company offers savings and current accounts, foreign currency accounts, and time and fixed deposits; personal and home loans, vehicle loans, loans against property, trade finance products, long term finance solutions, working capital financing and real estate products, project and micro finance products, and term finance services. It also offers investment, corporate leasing, bancassurance, foreign exchange, treasury, transaction and agent banking, cash management, safety deposit lockers, factoring, hire purchase, and pawning services, as well as debit and credit cards. In addition, the company provides overdrafts, unit trust management services, portfolio management services, rural credit products, and mortgage loans. Further, it deals in government securities, treasury related products, and margin trading, as well as offers money remittance and ATM facilities, and Internet and mobile banking services. The company serves small and medium enterprises, and personal and corporate customers. It operates branches and ATMs. The company was incorporated in 1995 and is headquartered in Colombo, Sri Lanka. Union Bank of Colombo PLC operates as a subsidiary of Culture Financial Holdings Ltd.
Sri Lankan Market Performance
7D7 Days: 1.9%
3M3 Months: 22.1%
1Y1 Year: 62.1%
YTDYear to Date: 18.3%
Over the last 7 days, the market has risen 1.9%, driven by gains of 2.2% in the Financials sector. In the last year, the market has climbed 62%. As for the next few years, earnings are expected to grow by 48% per annum. Market details ›
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