Milestones

  • 1995

    Bank Roaming, System Generated Deposit slips, Unitel phone banking.

  • 1996

    One day Cheque Clearance, Cheque Clearance over the counter.

  • 1998

    ISO 9002, Cheque Commission, Email inquiry facility, Internet Banking.

  • 1999

    UBC ONLINE wins National Best Quality Software Award.

  • 2004

    RanOne pawning facility with ATM withdrawal.

  • 2007

    No cut off time for Cheque Deposits, Weekly Interest Payment Fixed Deposits.

  • 2009

    E Cheque System, Daily e-statements.

    E-CHEQUE SYSTEM wins Award: National Best Quality Software Award.

  • 2010

    EasyPlus, a Current Account with no charges.

  • 2011

    IPO receives highest oversubscription in Sri Lanka and globally.

    Acquisition of 51% of National Asset Management Limited

    Acquisition of 98% voting shares of The Finance Guarantee Company Limited.

    55Plus senior citizens fixed deposit with 03 months interest upfront.

  • 2012

    Re-location to a state-of-the art Head office.

    Selected to the "Leading Brands in Sri Lanka" by Brand Finance.

    Launch of "Union Factors".

    For the 1st time in Sri Lanka, Union Bank together with SLT PEO TV.

    launched TV Banking, a novel banking portal that facilitates online banking services.

    Launch of a new 3 months FD with interest upfront and no penalty charge on premature.

    Launch of Punchi Pathum – A Minor Savings account provides the flexibility to withdraw funds before the child turns 18.

  • 2013

    Launch of "Double Vasion".

    Launch of "Call 'n Pay".

    Recognized as one of the top 100 listed companies in Sri Lanka by LMD.

    Opening of the 50th Branch.

  • 2014

    Implementation of a new core banking system.

    UBC gets $117Mn (LKR 15Bn) investment from USA based, leading global private investment firm TPG, making it one of the largest FDI's to Sri Lanka.

    UBC becomes the 8th Licensed Commercial Bank to be appointed as a Primary Dealer in Government Securities by CBSL.

    Capital Finance International awards Union Bank ' Best SME Bank Sri Lanka 2014'.

  • 2016

    Union Bank wins Global Brand Excellence Award in Kuala Lumpur Malaysia.