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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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5 posters

    Union Bank gets new outlook, gearing for a new phase of growth

    avatar
    RunnerX


    Posts : 70
    Join date : 2014-07-24

    Union Bank gets new outlook, gearing for a new phase of growth Empty Union Bank of Colombo

    Post by RunnerX Sun Aug 03, 2014 12:57 am

    What happend to TPG asia deal of UBC. According to the last few reports, this report is can not be good.
    I have some shars at 24.50...
    Anyone know about the TGP deal or MERGING deals?
    Because company not doing well and i need to sell my shares.
    slstock
    slstock
    Veteran
    Veteran


    Posts : 6216
    Join date : 2014-06-12

    Union Bank gets new outlook, gearing for a new phase of growth Empty Re: Union Bank gets new outlook, gearing for a new phase of growth

    Post by slstock Sun Aug 03, 2014 7:59 am

    There is lot of talk of this these days but when the action will happen we don't know. Yes UBC earning are still very weak. We cannot expect a lot from them this quarter or the next or the next.

    If you need to sell , wait for the next share movement to dispose. Right now all holder are expecting some news it seems but when is the question.



    RunnerX wrote:What happend to TPG asia deal of UBC. According to the last few reports, this report is can not be good.
    I have some shars at 24.50...
    Anyone know about the TGP deal or MERGING deals?
    Because company not doing well and i need to sell my shares.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Union Bank gets new outlook, gearing for a new phase of growth Empty Union Bank gets new outlook, gearing for a new phase of growth

    Post by First Guy Mon Jan 12, 2015 7:57 am

    The recent significant investment and backing of global investment giant TPG, now places Union Bank amongst the top five private commercial banks in Sri Lanka in terms of market capitalisation.

    Rapidly evolving to face a bold new world of opportunities and growth, the bank has made a distinctive change to its brand visibility and unveiled a new outlook to its head office on 1 January.

    Designed to communicate a dynamic and vibrant personality, the new design is an integral part of the bank’s brand-building initiatives and its promise a customer centric banking experience.

    The bank’s established brand identity and logo remains unchanged. Creating greater brand visibility, the new design will be cascaded to its branch and alternate channel networks. The 62nd Union Bank branch will open shortly in Rajagiriya with the new layout, offering a new world of banking experience to customers.

    Union Bank Director/CEO Indrajit Wickramasinghe said: “As the bank forges ahead towards its new aspirations with a wider focus on Retail, SME and Corporate Banking sectors, the new outlook communicates and projects the image of a progressive bank, with greater commitment to deliver competitive financial solutions and an enhanced customer centric environment. We see this change as pivotal and timely in delivering greater value and banking convenience to our customers. It communicates a new beginning with greater agility for growth and to our employees a vibrant working environment.”

    Outgrowing its niche SME focus, Union Bank is repositioning as a key player and a fully-fledged commercial bank offering a comprehensive portfolio of products to the retail, SME and corporate sectors. The new outlook is an integral element of many of its planned developments that will transform the bank’s new business focus. The coming months will see the bank rolling out several new initiatives, that will enhance its banking proposition.

    Union Bank is one of Sri Lanka’s leading banks supported by the strength of TPG, the US-based global private investment firm with $ 66 billion in capital under management and an extensive global network with a significant presence in Asia and Europe.

    TPG’s recent investment of $ 117 million in Union Bank marked a milestone in the financial services industry as one the largest foreign direct investments to Sri Lanka. With a solid foundation etched with financial stability and international know-how, Union Bank is amongst the top five private commercial banks in market capitalisation in Sri Lanka, offering a full range of products and services to the personal and commercial financial sectors.

    http://www.ft.lk/2015/01/12/union-bank-gets-new-outlook-gearing-for-a-new-phase-of-growth/
    avatar
    serene
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    Union Bank gets new outlook, gearing for a new phase of growth Empty Re: Union Bank gets new outlook, gearing for a new phase of growth

    Post by serene Mon Jan 12, 2015 8:31 am

    Thnks 1st G for Sharing..
    chutiputha
    chutiputha
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    Union Bank gets new outlook, gearing for a new phase of growth Empty Union Bank Colombo

    Post by chutiputha Sat Feb 21, 2015 3:24 pm

    Another News About UBC.....
    Union Bank receives capital infusion of Rs 11.4 bn from Culture Financial Holdings
    Just Have a look.

    ref :- http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=119930


    Last edited by chutiputha on Fri Feb 27, 2015 9:21 pm; edited 1 time in total
    chutiputha
    chutiputha
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    Union Bank gets new outlook, gearing for a new phase of growth Empty Union Bank

    Post by chutiputha Sat Feb 21, 2015 3:31 pm

    Have a look :- http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=119930

    Pls Merge this post with UBC post


    Last edited by chutiputha on Fri Feb 27, 2015 9:20 pm; edited 1 time in total
    chutiputha
    chutiputha
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    Union Bank gets new outlook, gearing for a new phase of growth Empty Union Bank

    Post by chutiputha Fri Feb 27, 2015 9:19 pm

    UBC Financial Report Released

      Current date/time is Mon Jul 22, 2024 6:47 pm