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Union Bank’s ‘UB Accelerate’ draws overwhelming response

Union Bank’s ‘UB Accelerate’ draws overwhelming response

Picture 1 – Interviews in progress
Picture 2 – (L) – Participants at the career seminar / (R) – Union Bank VP-HR Ravi Jayasekera addressing the participants

 

Union Bank recently hosted ‘UB Accelerate’ a career guidance and job fair targeting school leavers and young job-seekers.

The event held at the Nawarangahala of Royal College was a huge success and attracted over 1000 youths from across the island. Through UB Accelerate, the Bank aimed to create awareness on the career opportunities and potential that exists in the Banking sector for young job seekers, with the aim to help them accelerate their entry in to a successful career. Aiding this cause, following the career guidance seminar, interviews were conducted on the same day which gave the attendees an opportunity to join the Bank as Trainee Banking Assistants.

Union Bank remains committed to mentor Sri Lankan youth into becoming skillful young professionals through these initiatives. From effective performance management systems and attractive rewards schemes to progressive career development and training opportunities, Union Bank provides its employees with the impetus to perform at their optimum and reap rewards.
More information on Union Bank and its products and services are available on the Bank’s corporate website
 www.unionb.com.

Union Bank’s ‘UB Accelerate’ set to empower youth through career counselling

Union Bank’s ‘UB Accelerate’ set to empower youth through career counselling

The crowds present at the Career Day programme conducted in 2018 , Interviews in progress – Pictures from Career Day conducted in 2018

 

Union Bank will host ‘UB Accelerate’ with a view of providing career advice and opportunities to school leavers.

Often at the current times, Sri Lankan youth find themselves at crossroads attempting to figure out the ideal career option. Most school leavers are overwhelmed by the multiple diversities presented to them in terms of career and higher education. Union Bank in furtherance of its commitment to empower youth of the country, has initiated ‘UB Accelerate’ in a bid to provide suitable career advice to school leavers while providing job opportunities to start a career in banking.

Commenting on ‘UB Accelerate, Vice President – Human Resources at Union Bank, Mr. Ravi Jayasekera said “We often note that school leavers are not aware of career opportunities that exist in the Banking field or how they can build a successful career in Banking. Through UB Accelerate, we want to fill this void by sharing the career opportunities and potential that exists in Banking. Our aim is to genuinely help them accelerate their entry in to a successful career. In order to do this, we will conduct interviews on the same day at the event which will give the attendees an opportunity to join our growing team as Trainee Banking Assistants. The theme “UB Accelerate” reflects both the rapid pace at which the Bank is growing as well as our stated commitment to support our staff to develop to their full potential. This programme is an affirmation of our commitment to mentor Sri Lankan youth into becoming skillful young professionals. ”

From effective performance management systems and attractive rewards schemes to progressive career development and training opportunities, Union Bank provides its employees with the impetus to perform at their optimum and reap rewards.

The event scheduled to be held on Saturday, 12th January from 9am onwards at the ‘Nawarangahala’ – Royal College will offer participants the opportunity to embark on a career at one of the fastest growing banks in the country. The participants who wish to face interviews are advised to bring an updated CV and the National Identity Card.

More information on Union Bank and its products and services are available on the Bank’s corporate website www.unionb.com.

Union Bank introduces Credit Cards in Kandy

Union Bank introduces Credit Cards in Kandy

Mr.Indrajit Wickramasinghe – Director / CEO Union Bank of Colombo PLC.

Following the launch of the Credit Cards in August this Year, Union Bank extended its Credit Cards at a special event recently at the Earls Regency, Kandy amidst a large gathering of clients and invitees representing the Central Province.

Union Bank Credit Cards have been introduced under Gold, Platinum and Signature card propositions, powered by VISA payWave , adding vibrancy to its Retail Banking product offering. The Credit Cards have been designed around the needs of the client segments giving special care to the lifestyle needs identified in the bank’s strategic customer segmentation approach with a wide range of offers, benefits and unique features.

Speaking at the event Mr. Indrajit Wickramasinghe, Director/CEO stated, “Union Bank Credit Cards are embedded with the VISA PayWave feature and are placed among the most sophisticated plastics in the industry providing greater customer convenience. In addition the cards also offer a gamut of benefits and year round offers for greater savings”

The objective of this event is to introduce and promote Union Bank Credit cards and to create awareness among the public. Further supporting the awareness initiative, a 2-day promotion was held at the Kandy City Centre (KCC) where the Union Bank staff participated in creating awareness on offers and special card benefits offered at KCC.

Union Bank Credit Cards continues to penetrate the market rapidly and is amongst the most attractive cards to offer savings and discounts that provide an extended experience to cardholders.

Credit Cards are available across the Bank’s island wide branch network and inquiries could simply be made online or through the Bank’s 24 x 7 Contact Center hotline on 011 58005800 to avail for a personalised service by dedicated sales personnel.

For more information on Union Bank Credit Cards and other products and services visit, unionb.com

Union Assurance strengthens its strategic partnership with Union Bank to expand Bancassurance operations

Union Assurance strengthens its strategic partnership with Union Bank to expand Bancassurance operations

Union Assurance (UA) recently partnered with Union bank for a preferred partnership in Bancassurance operations with the objective of strategically strengthening its Bancassurance channel and to provide life insurance solutions to the extensive customer network of the Bank. Signing of the agreement was held at the Hilton Residencies in Colombo on 19th October 2018 amidst a large gathering from both organizations.

Union Assurance is well established entity within the Life Insurance industry with an array of innovative, tailor made life insurance solutions to suit any lifestyle requirement. The experience the company has gained while continuing its operations for more than 30 years has made it possible to protect and safeguard lives and livelihoods across Sri Lanka.

The Bancassurance distribution channel at Union Assurance has grown over the years to become the largest bancassurance operation in Sri Lanka covering over 500 bank branches of five leading bank partners. Through this MOU, Union Bancassurance will be able to expand its reach and make a positive impact in the lives of a wider group of individuals.

Mr. Indrajit Wickramasinghe, Director / Chief Executive Officer of Union Bank expressed his views on this partnership “We are pleased to enter into a preferred bancassurance partnership with Union Assurance who also places the same importance on serving the people with the best solutions and services that they could offer to empower and enrich their lives. This strategic partnership will help both entities to grow together which will lead to a strong partnership”

Mr. Dirk Pereira, Director / Chief Executive Officer of Union Assurance PLC sharing his thoughts expressed that “As a pioneer in the bancassurance field, this partnership will help us to have a strong corporate relationship with the Bank and will also assist us to reach out to diversified customer segments to provide them with the best array of Life Insurance solutions and develop new relationships in untapped markets. The constantly evolving structure of our product portfolio and service models will help us set new standards in the industry which will benefit both organisations and their stakeholders.”

Union Bank is amongst the top 5 private commercial Banks in Sri Lanka in terms of market capitalization and is an innovation driven and strategically focused banking solutions provider.

The preferred partnership is a mutually beneficial agreement that allows Union bank to provide one stop financial solutions for its customers across the branch network, while allowing Union Assurance to tap into a wider customer base providing them with an industry leading customer service standard.

Union Assurance is one of Sri Lanka’s largest providers of life insurance solutions in the country backed by the strength and stability of one of Sri Lanka’s largest conglomerates–John Keells Holdings PLC. Celebrating over 30 years of excellence, Union Assurance continues to invest in people, products and processes to become a trustworthy life changing partner in success for all stakeholders. Bancassurance being one of UA’s diversified sales channels consists of a team of experienced, dynamic and outstanding professionals powered with the latest technology to provide a convenient and trusted service for its customers.

Union Bank wins award for “Best Bank for seamless back-end operations” at the LankaPay Technnovation Awards 2018

Union Bank wins award for “Best Bank for seamless back-end operations” at the LankaPay Technnovation Awards 2018

Photo caption: Standing L to R : Manisha Fernando- AVP Retail Liability Products and Alternate Channels Union Bank , Yohan Alahakoon- Manager Alternate Channels Union Bank, Wasantha Deshapriya – Chairman of the Panel of Judges and Former Secretary, Ministry of Telecommunication and Digital Infrastructure and Foreign Employment , Dharmasiri Kumaratunge – Director Payments and Settlement Department Central Bank, Anil Amarasuriya Chairman LankaClear, Channa De Silva General Manager/Chief Executive Officer LankaClear.

Union Bank was recognised for its seamless back-end operations at the LankaPay Technnovation Awards 2018 held recently at Shangri-La Hotel Colombo. The award is yet another testament to the bank’s ongoing commitment to technological enhancements for speedy and fast delivery of services to customers and end users. The award was bestowed based on the bank’s exceptional capabilities in, timely delivery, connectivity uptime, business focus, processes and mechanisms related to the product lines.

Commenting on this outstanding achievement, Vice President – Retail Banking of Union Bank, Mrs. Chaya Jayawardena said “We are delighted to be awarded this title. This pays off all the hard work put in by the employees in ensuring the back end operations takes place seamlessly in ensuring the end user is delighted. Digital banking means more than just going paperless. As one of the fastest growing commercial banks in the country, we always believe in offering improved customer experience and delivering faster and more efficient services.”

ATMs have been an important touch point between banks and their customers, providing convenience of 24/7 self-service transactions. As a part of its growth strategy, Union Bank has made significant investments to agile through developing technologies offering customer convenience and ease-of-transaction for its growing base of clients. Powered by a common ATM switch by LankaClear increasing the efficiency of payment management such as CEFTS and SLIPS, focused expansion of its remote ATM network, rolling out of an enhanced digital banking platform, educating the remote communities through collaborated road shows and customization of cash management services are some of such major steps taken by Union Bank to improve its product and service delivery across all customer segments

Mr. Rusiru Abeyasinghe appointed as NAMAL CEO

Mr. Rusiru Abeyasinghe appointed as NAMAL CEO

Mr Alexis Lovell, Chairman National Asset Management Limited (NAMAL) announced the appointment of Mr. Rusiru Abeyasinghe as the Chief Executive Officer of the company, effective from August 15, 2018. National Asset Management Limited (NAMAL) is the pioneer Unit Trust management company in Sri Lanka established in 1991 with 27 years of experience and a successful track record of investing in equity and fixed income markets. NAMAL is a subsidiary of Union Bank of Colombo PLC and the other shareholders include DFCC Bank PLC and Ennid Capital (Pvt) Limited.

Possessing experience across multiple asset classes, Mr. Abeyasinghe brings with him a substantial track record of achievement. An industry veteran of 11 years, Mr. Abeyasinghe joins the firm from DPMC Assetline Holdings (Pvt) Limited (DPAH), where he served as Chief Operations Officer. DPMC Assetline Holdings is a member of the David Peiris Group and a wholly owned subsidiary of DP Holdings (Pvt) Limited. Prior to DPAH, Mr. Abeyasinghe served as the Head of Investments at Phoenix Ventures (Pvt) Limited (PVL), which is the parent company of Brandix Lanka Limited and Phoenix Industries Limited. At PVL Mr Abeyasinghe managed a diverse portfolio of assets consisting of listed equity, fixed income, private equity and real estate. He also served as a nominee Director of PVL at Saffron Aviation (Pvt) Ltd, the operator of Cinnamon Air. Mr. Abeyasinghe holds an MBA from the Cardiff Metropolitan University and is also an Associate Member of the Chartered Institute of Management Accountants (UK).

Union Bank hosts Investor Forum for 1H 2018

Union Bank hosts Investor Forum for 1H 2018
  • Director/ CEO of Union Bank Indrajit Wickramasinghe addressing the audience
  • The members at the head table (from L-R) : Mr. Atul Malik – Chairman of Union Bank, Mr. Indrajit Wickramasinghe – Director/CEO and Mr. Malinda Samaratunga – CFO of Union Bank
  • Union Bank conducted an Investor Forum on the Bank’s transformational journey and financial performance for the first half of 2018 at the Hilton Colombo recently with the participation and representation of the investment community of Sri Lanka. Leading stockbrokers, financial analysts, venture capitalists and investment advisors were among the distinguished addressees at the well-attended event.

    The event was preceded by Union Bank Chairman Atul Malik, Union Bank Director Trehan Gaurav, Union Bank Director/Chief Executive Officer, Indrajit Wickramasinghe, Union Bank Chief Financial Officer Malinda Samaratunga and members of the Bank’s leadership team.

    CEO Mr. Indrajit Wickramasinghe sharing his views on the performance of the Bank mentioned that the Bank has embarked on a transformational journey since the landmark investment by TPG Capital in 2014. Mr. Wickramasinghe presented the Bank’s successful journey of growth during the past four years, drawing attention to the post-acquisition achievements that include successful transformation to a fully-fledged commercial bank, sound growth from a well-diversified core banking base, technological value additions, centralised and streamlined operations as well as a honed human capital base.

    Addressing the forum, he cited that strong capitalisation, robust risk management, superior asset quality, and sound corporate governance as the key strengths of the Bank. Mr. Wickramasinghe went on to elaborate on the future growth strategy of the Bank, affirming its commitment to continue along the sustainable growth mode that the Bank has now entered into, with a new three year strategic plan set in motion at the beginning of 2018. He mentioned that focus on consumer and SME banking, profitable growth, channel optimisation, economies of scale, portfolio acquisition and the growth of ROE and ROA will be the key pillars of focus of the Bank’s strategy for the next three years.

    Presenting the financial results of the Bank for the first half of 2018, Mr. Wickramasinghe expressed confidence in the Bank being driven towards enhanced performance during the year 2018, reaching key milestones in business volumes and enhancing returns.

    About Union Bank

    With a solid foundation etched with financial stability and international know-how, Union Bank is amongst the highest capitalised private commercial banks in Sri Lanka, offering a full range of products and services to personal and commercial financial sectors.

    Union Bank celebrates Vesak with Bodu Bathi Gee Saraniya

    Union Bank celebrates Vesak with Bodu Bathi Gee Saraniya

    In celebration of Vesak, Union Bank held Bodu Bathi Gee Saraniya 2018 at the Bank’s head office premises recently. Director and Chief Executive Officer of Union Bank- Mr. Indrajit Wickramasinghe was present at the event along with the corporate and senior management of the Bank, staff and their family members.

    Union Bank’s Bodu Bathi Gee Saraniya 2018 programme was directed by the renowned musician Nalin Alwis. The Bakthi Geetha team of Union Bank comprised of Kishani Samarawickrama, Rumesh Vinoth, Roshana Samapath, Anne Roshini Perera, Sachintha Dhanushka Kumara, Nuwan Chathuranga, Vajira Fernando, Pawan Atulugama, Sarala Cooray, Shalini Wijewardene, Kalani Sandamali, Geethani Ranaweera, Yohan Lewke, Umesha Hendehewa, Harshika Jayawardana, Shalini Perera, Hashangi Senevirathne, Thilini Haegoda, Yadeesha Yuranthi, Dineshi Fonseka, Stefani Fernando, Praveen Perera and Sachini Madushika. Ridma Abeysinghe and Nuwan Thilakawardene were comperes at the event.

    Union Bank honours top performers at Retail and SME Banking Awards 2018

    Union Bank honours top performers at Retail and SME Banking Awards 2018

    Winner of the Best Branch of the Year 2017 Award – Head Office Branch (Centre) with Director/CEO, Mr. Indrajit Wickramasinghe, VP- Retail Banking, Chaya Jayawardane, VP – Wholesale Banking, Hiranthi de Silva, AVP – Branch Network, Mahendra Illangasinghe and the Head Office Branch Manager, Shazly Haseen.

    Union Bank honours top performers at Retail and SME Banking Awards 2018 4th April 2018< Back to News in 2018
    Winner of the Best Branch of the Year 2017 Award – Head Office Branch (Centre) with Director/CEO, Mr. Indrajit Wickramasinghe, VP- Retail Banking, Chaya Jayawardane, VP – Wholesale Banking, Hiranthi de Silva, AVP – Branch Network, Mahendra Illangasinghe and the Head Office Branch Manager, Shazly Haseen.

    The outstanding achievers of the Retail and SME segments of Union Bank were felicitated at the inaugural Union Bank Retail and SME Banking Awards ceremony held at the Galle Face Hotel on 7th April under the theme ‘ Winning is our Goal’.

    The Bank’s top performing branches and sales staff were felicitated and awarded at the event, for their outstanding contributions and commitment towards the Retail and SME banking growth of the Bank in 2017.

    The best sales individuals and branches across 34 categories were recognized at the event which was followed by dinner and fellowship. The Director/CEO of Union Bank Mr. Indrajit Wickramsinghe and members of the Bank’s Key Management, were present at the event.

    Director/CEO of Union Bank Mr. Indrajit Wickramsinghe making his key note address at the event congratulated the winners stating, “This is another key initiative by the Bank to recognize and encourage outstanding performances by our staff members. Today, the Bank is at an important juncture of its growth trajectory with a new 3 year strategic plan for accelerated growth. I invite all staff members to be a part of this growth as we remain committed to build thriving careers along with the success of the Bank in the years ahead”.

    Some of the most prestigious awards that were handed out at the ceremony were the awards for Best Elite Banking Relationship Manager of the year, Best Sales Achiever – Central Sales, Best Team Leader – Liability Sales, Best Team Leader – Asset Sales, Best Collection Agent of the year, Best Sales Achiever – Zone wise, Best Branch – Zone Wise and the Best Branch of the Year 2017.

    The Best Branch Awards for Zone I, Zone II, Zone III and Zone IV were awarded to the Head Office Branch, Chilaw Branch, Galle Branch and Mannar Branch respectively. The most coveted award for the Best Branch of the Year 2017 was awarded to Head Office Branch.

    Union Bank conducts breakfast forum for Elite Circle clients

    Union Bank conducts breakfast forum for Elite Circle clients

    Appearing in the photograph (from L to R); Mr. Suresh Perera conducting the discussion / a cross section of the participants / Mr. Udeani Alwattage leading a discussion on the Exchange Control Act of Sri Lanka.

    Union Bank hosted its Elite Circle clients to an exclusive breakfast forum at the Jetwing Colombo Seven recently. The event was received with great enthusiasm by the participants and was attended by over seventy five exclusive clients of the Bank.

    The breakfast forum led by two distinguished speakers, was held under the theme ‘Personal Taxation and highlights of the Exchange Control Act of Sri Lanka’. An informative presentation and discussion on Personal Taxation was conducted by Mr. Suresh Perera, Principal – Tax and Regulatory at KPMG Sri Lanka. Mr. Udeani Alawattage, Director – Department of Foreign Exchange of the Central Bank of Sri Lanka presented an insightful preview to the highlights of the recently updated Exchange Control Act of Sri Lanka. The interactive sessions imparted useful information and knowledge to the audience which comprised of an exclusive segment of high-net-worth clients.

    Union Bank Elite Circle signifies the pinnacle of relationship banking and is designed with the clients’ need for exclusivity in mind. Having understood the unique needs of this clientele, the Bank provides its Elite Circle clients with opportunities to gain first-hand knowledge on the latest developments in the financial services sector that would impact their wealth management decisions. The Bank also offers exclusive lifestyle privileges and experiences to its Elite Circle clientele, delivering an enhanced banking experience in recognition of their exclusive banking relationships.

    More information on Union Bank Elite Circle and its exclusive privileges may be accessed via the Bank’s corporate website unionb.com.

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