UB Finance PLC
CCSELK:UBF.N00002.00
LKR
0.00
(0.00%)
ISIN
LK0488N00003
Return %
Stock
S&P 500
1Y
-50.00
14.20
3Y
158.62
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Ransith Nishantha Karunaratne
- Full Time Employees
- 387
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Jul 20, 2023
- Website
- ubf.lk
- Similar Companies
- Business
- UB Finance PLC is a Sri Lanka-based licensed finance company that provides a comprehensive suite of retail, commercial, and corporate financial solutions to individuals, micro-enterprises, and small and medium-sized enterprises (SMEs). Originally established in 1961 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Union Bank of Colombo PLC, with ultimate backing from multinational conglomerate CG Corp Global. The company operates across several core business segments, including deposit mobilization, asset financing, trade and working capital financing, and credit services. Its primary products and services comprise fixed income and savings solutions, including fixed deposits, high-yield savings accounts, senior citizen deposit schemes, and minor savings accounts; asset-backed leasing facilities, including vehicle leasing and hire purchase options for private automobiles, commercial fleets, agricultural machinery, and industrial equipment; loan facilities, including SME term loans, personal loans, home mortgages, micro-credit facilities, and renewable energy financing such as solar power loans; working capital and trade finance solutions, including invoice discounting, receivables financing, and domestic factoring; gold-backed loans and pawning services offering rapid liquidity against precious metals; and real estate development and property financing services. UB Finance PLC delivers its solutions nationwide through an extensive island-wide branch network across key commercial centers in Sri Lanka, complemented by electronic banking channels. In recent major company developments, UB Finance PLC completed its Initial Public Offering (IPO) and officially listed its ordinary voting shares on the Diri Savi Board of the Colombo Stock Exchange (CSE: UBF.N0000) to strengthen its capital base in compliance with Central Bank of Sri Lanka (CBSL) capital adequacy directives. Following the acquisition of the controlling interest in its parent entity Union Bank of Colombo PLC by CG Capital Partners Global, the company expanded its strategic growth initiatives, accelerated digital onboarding capabilities, rolled out specialized green energy solar financing products, and relocated and opened modern branch facilities in key regional hubs to enhance service delivery and retail market penetration.