Union Bank of Colombo is a leading commercial bank in Sri Lanka. The total deposits of Colombo Union Bank was Rs.2.7 billion and its total loan disbursement amounted to Rs. 2.1 billion in the beginning of this century. Towards the close of the last decade this premier Colombo bank recorded an increase of 111% in its gross income, and 103% in its net interest income. Union Bank of Colombo reaches out to retail and institutional customers with an array of services.
Union Bank of Colombo Retail Services
The retail services of Colombo Union Bank take care of all the financial requirements of individual customers. These retail services are:
- Deposit accounts and services
- Loan facilities with provision for house building, vehicle, educational, and special purpose loans
- Asset management
- Capital market operations
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- Debit and credit card facilities
- Internet banking services
Union Bank of Colombo Corporate Services
For the growth and development of trade and industries in Colombo and Sri Lanka, this commercial bank provides a number of services to organizations and agencies. These services include:
- Financing of projects
- Capital marketing trading
- Wealth and asset management
- Bill discounting
- Syndicated loans
- Bills of exchange
- Letters of credit
- Foreign exchange dealings
- Provision of bank guarantee
Union Bank of Colombo is a limited company having its head quarter in 15A, Alfred Place, Colombo
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