Insights

Digital Innovation Opportunity Union Bank has recently launched a simplified virtual deposit card and expanded digital banking platforms, indicating a strong focus on enhancing digital payment solutions and customer convenience. This presents opportunities for technology providers offering innovative digital banking and payment processing solutions.

Expansion and Branch Growth The bank's recent opening of a new leasing hub in Negombo and its island-wide branch network demonstrate ongoing expansion efforts, creating potential sales avenues in branch banking solutions, infrastructure development, and regional financial services.

Strategic Partnerships Union Bank has partnered with Mastercard to strengthen digital payment capabilities, highlighting a willingness to collaborate with global financial service providers. This opens doors for related fintech solutions, digital security services, and payment infrastructure upgrades.

Financial and Investment Strength With substantial funding and a solid revenue base, along with recent major foreign direct investment, the bank is positioned for future growth and modernization. This financial stability makes it a promising client for enterprise banking solutions, asset management, and financial technology services.

Leadership and Governance The appointment of new independent non-executive directors signifies an openness to governance enhancements and strategic leadership, providing opportunities to engage with executive decision-makers through executive training, corporate governance solutions, and professional advisory services.

Similar companies to Union Bank of Colombo

Union Bank of Colombo Tech Stack

Union Bank of Colombo uses 8 technology products and services including W3 Total Cache, Section.io, MySQL, and more. Explore Union Bank of Colombo's tech stack below.

  • W3 Total Cache
    Caching
  • Section.io
    Content Delivery Network
  • MySQL
    Database
  • Font Awesome
    Font Scripts
  • Twemoji
    Font Scripts
  • Priority Hints
    Performance
  • Yoast SEO
    Search Engines
  • MediaElement.js
    Video Players

Media & News

Union Bank of Colombo's Email Address Formats

Union Bank of Colombo uses at least 1 format(s):
Union Bank of Colombo Email FormatsExamplePercentage
FirstLast@unionb.comJohnDoe@unionb.com
60%
FirstL@unionb.comJohnD@unionb.com
18%
First@unionb.comJohn@unionb.com
16%
Last@unionb.comDoe@unionb.com
6%

Frequently Asked Questions

Where is Union Bank of Colombo's headquarters located?

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Union Bank of Colombo's main headquarters is located at 64 Galle Road Colpetty, Western Province 00300 Sri Lanka. The company has employees across 5 continents, including AsiaNorth AmericaEurope.

What is Union Bank of Colombo's official website and social media links?

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Union Bank of Colombo's official website is unionb.com and has social profiles on LinkedInCrunchbase.

What is Union Bank of Colombo's NAICS code?

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Union Bank of Colombo's NAICS code is 52211 - Commercial Banking.

How many employees does Union Bank of Colombo have currently?

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As of April 2026, Union Bank of Colombo has approximately 1.3K employees across 5 continents, including AsiaNorth AmericaEurope. Key team members include Cto: U. D.Chief Technology Officer: N. K.Chief People & Transformation Officer: J. A. F. U.. Explore Union Bank of Colombo's employee directory with LeadIQ.

What industry does Union Bank of Colombo belong to?

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Union Bank of Colombo operates in the Banking industry.

What technology does Union Bank of Colombo use?

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Union Bank of Colombo's tech stack includes W3 Total CacheSection.ioMySQLFont AwesomeTwemojiPriority HintsYoast SEOMediaElement.js.

What is Union Bank of Colombo's email format?

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Union Bank of Colombo's email format typically follows the pattern of FirstLast@unionb.com. Find more Union Bank of Colombo email formats with LeadIQ.

How much funding has Union Bank of Colombo raised to date?

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As of April 2026, Union Bank of Colombo has raised $117M in funding. The last funding round occurred on Aug 14, 2014 for $117M.

When was Union Bank of Colombo founded?

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Union Bank of Colombo was founded in 1995.

Union Bank of Colombo

BankingWestern Province, Sri Lanka1001-5000 Employees

Established in 1995 Union Bank is a strong player in the Banking sector in Sri Lanka with over 28 years of service to the Nation. Well capitalised, with a solid financial standing Union Bank is a listed private commercial bank offering financial solutions to the Retail, SME and Corporate segments.

Union Bank is synonymous with progressiveness and potential for growth and is an entity that has attracted global and local investors.

2014 marked a key milestone in the Financial Services Industry in Sri Lanka with an investment of USD 117 Mn in Union Bank by the global investment company TPG making it one of the largest foreign direct investments to Sri Lanka.

With expansion and progress, the Bank garnered the attention of CG Capital Partners Pte Ltd, an affiliate company of CG Corp Global which indirectly acquired the majority shareholding of Union Bank since October 2023. CG Corp Global is a multi-business conglomerate synonymous as a Global Growth Company in Asia and is the largest shareholder of Nabil Bank, the largest private bank of Nepal. www.cgcorpglobal.com

The Bank has implemented a cohesive plan for accelerated growth with substantial innovations and developments to its product offering, technological and delivery platforms to provide a superior banking experience to its customers. With 65 branches island-wide supplemented by alternate channels that include a dynamic sales force, a 24- hour call centre, digital banking platforms and an island-wide ATM network the Bank provides convenient access to financial services.

Union Bank’s subsidiaries include National Asset Management Limited, Sri Lanka’s premier Asset Management company and UB Finance Company Limited.

Section iconCompany Overview

Headquarters
64 Galle Road Colpetty, Western Province 00300 Sri Lanka
Website
unionb.com
NAICS Code
52211 - Commercial Banking
Founded
1995
Employees
1001-5000

Section iconFunding & Financials

  • $117M

    Union Bank of Colombo has raised a total of $117M of funding over 1 rounds. Their latest funding round was raised on Aug 14, 2014 in the amount of $117M.

  • $25M$50M

    Union Bank of Colombo's revenue is estimated to be in the range of $25M$50M

Section iconFunding & Financials

  • $117M

    Union Bank of Colombo has raised a total of $117M of funding over 1 rounds. Their latest funding round was raised on Aug 14, 2014 in the amount of $117M.

  • $25M$50M

    Union Bank of Colombo's revenue is estimated to be in the range of $25M$50M

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