Sunday, June 8, 2025
HomeBiz NewsFitch Assigns UB Finance Co Ltd, the First Time National long-term rating...

Fitch Assigns UB Finance Co Ltd, the First Time National long-term rating of BB(LKA)….

UB Finance Co. Ltd., a premier licensed finance company in Sri Lanka, has been assigned a First-time National Long-Term Rating of ‘BB (lka)’ RWN by Fitch Ratings Lanka Ltd.

UB Finance has been a significant player in the financial services space since its acquisition in 2011 by Union Bank of Colombo PLC, one of Sri Lanka’s most stable and well-capitalized banks together with its strategic investment partner ShoreCap II Ltd., a US-based social impact fund.

UB Finance is among the licensed finance companies that have the highest capitalization ratios on the Island. The Company specializes in asset-backed financing for SMEs, contributing to their growth and development. With an extensive range of financial products and services, including fixed deposits, savings, leasing, loans, mortgages, easy drafts, real estate, and gold loan solutions, UB Finance successfully caters to the diverse needs of its customers. The Company’s contribution towards uplifting Sri Lanka’s economy is also notably influenced by ShoreCap II Ltd’s social impact mindset.

“We are pleased to receive a ‘First-time National Long-Term Rating of ‘BB (lka)’ from Fitch Ratings,” said Asanka Udugama, Deputy General Manager – Finance UB Finance, “This rating reflects the Company’s stability in a volatile environment and our dedication towards supporting economic growth in Sri Lanka. We remain confident in our ability to seize emerging opportunities and continue to strengthen our presence and position, going forward.”

The Company operates on the basis of integrity and customer empowerment, creating new opportunities and delivering unique customer experiences for all Sri Lankans. UB Finance remains committed to its vision of being the preferred Financial Services Provider in Sri Lanka fostering growth for SMEs and contributing to the economic development of Sri Lanka.

RELATED ARTICLES

14 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Film_full_hd_znEn on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
Ritualnye_uslugi_scMa on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
jarvi_korm_ppSn on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
abhaziya_otdyh_poPa on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
datasets_yqKi on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
arenda_yahty_qwMr on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
lizingovyy_agregator_dvmt on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
kypit 1s v moskve_esSa on Prima KottuMee re-launch…..
kypit 1s v moskve_tqOn on Prima KottuMee re-launch…..
kypit 1s v moskve_fxSa on Prima KottuMee re-launch…..
kypit 1s v moskve_jwOn on Prima KottuMee re-launch…..
dushevyye_ograzhdeniya_essl on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
magazin_shin_kvKa on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
arenda_yahty_xjen on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
stroitelstvo_derevyannyh_domov_jber on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
damski_bluzi_ctor on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
damski_teniski_zppr on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
sportni_екипи_qaki on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
kypit 1s v moskve_bqOr on Prima KottuMee re-launch…..
kypit 1s v moskve_xuOr on Prima KottuMee re-launch…..
syhie transformatori kypit_dgsl on Prima KottuMee re-launch…..
syhie transformatori kypit_txsl on Prima KottuMee re-launch…..
damski_komplekti_ppEt on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
Iluvpornovideo on Prima KottuMee re-launch…..
stroitelstvo_derevyannyh_domov_xgPn on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
rokli_wiOi on JKP partners with AGC[MW1]  Innovate to pave a sustainable future for Sri Lanka’s construction sector[LP2] 
Ysilenie konstrykcii_vgPa on Prima KottuMee re-launch…..
Ysilenie konstrykcii_cust on Prima KottuMee re-launch…..
Ysilenie konstrykcii_hzPa on Prima KottuMee re-launch…..
Ysilenie konstrykcii_stst on Prima KottuMee re-launch…..