INTERIM FINANCIAL STATEMENTS
31ST MARCH 2025
UB FINANCE PLC |
STATEMENT OF INCOME STATEMENT |
For the Three Months Ended | ||
31.03.2025 | 31.03.2024 | Variance |
Rs. | Rs. | % |
(Unaudited) | (Audited) | |
For the Twelve Months Ended | ||
31.03.2025 | 31.03.2024 | Variance |
Rs. | Rs. | % |
(Unaudited) | (Audited) | |
2,178,321,065 | 2,299,980,011 |
Income 580,902,138 564,999,519 3% -5%
Interest Income |
Interest Expenses |
Net Interest Income |
510,858,621 |
(264,065,185) |
246,793,436 |
- |
26,942,091 |
(11,674,560) |
15,267,531 |
- |
43,101,426 |
305,162,393 |
- |
9,523,679 |
(4,666,000) |
298,020,072 |
- |
(66,399,656) |
(21,807,973) |
(370,602) |
(136,433,413) |
73,008,428 |
-8% |
20% |
15% |
513,985,572 -1% 1,969,142,832 2,142,755,010
(336,815,324) 22% (1,113,982,950) (1,399,295,601)
177,170,248 39% 855,159,882 743,459,409
Fee and Commission Income |
Fee and Commission Expenses |
Net Fee and Commission Income |
-15% | 91,525,363 | 62,975,628 | 45% |
-55% | (30,705,290) | (17,230,755) | -78% |
-37% | 60,820,073 | 45,744,873 | 33% |
124% | 117,652,870 | 94,249,373 | 25% |
31,745,612
(7,540,555)
24,205,057
Other Operating Income (Net) |
Total Operating Income |
19,268,335
220,643,640 38% 1,033,632,825 883,453,655 17%
Impairment Charge on Loans and Advances |
Impairment Charge on Non-Financial Assets |
Net Operating Income |
62% | (38,190,740) | (46,871,789) | 19% |
-59% | (16,666,000) | (12,299,074) | -36% |
28% | 978,776,085 | 824,282,792 | 19% |
25,321,090
(2,935,741)
233,665,656
Staff Costs |
Depreciation of Property, Plant and Equipment |
Amortisation of Intangible Assets |
Other Expenses |
Operating Profit before Value Added Tax on Financial Services (VAT on FS) |
-33% | (348,756,757) | (291,447,248) | -20% |
-29% | (77,834,499) | (59,401,301) | -31% |
-3% | (1,502,017) | (1,825,472) | 18% |
-30% | (382,034,985) | (332,403,710) | -15% |
19% | 168,647,827 | 139,205,061 | 21% |
(49,999,590)
(16,841,233)
(359,813)
(105,326,039)
61,138,981
Value Added Tax on Financial Services (VAT on FS) |
Social Security Contribution Levy (SSCL) |
Profit/(Loss) Before Taxation |
Tax Expense |
Profit/(Loss) for the Year |
(31,816,152) |
(3,436,621) |
37,755,655 |
(7,828,144) |
29,927,511 |
-64% | (88,216,838) | (68,181,629) | -29% |
-28% | (12,252,339) | (9,469,670) | -29% |
-3% | 68,178,650 | 61,553,762 | 11% |
82% | (37,658,569) | (60,081,544) | 37% |
816% | 30,520,081 | 1,472,218 | 1973% |
(19,342,927)
(2,686,518)
39,109,536
(43,288,264)
(4,178,728)
0.010 | 0.002 |
Earnings per Share: Basic 0.010 (0.002)
UB FINANCE PLC |
STATEMENT OF COMPREHENSIVE INCOME |
For the Three Months Ended | ||
31.03.2025 | 31.03.2024 | Variance |
Rs. | Rs. | % |
(Unaudited) | (Audited) | |
For the Tweleve Months Ended | ||
31.03.2025 | 31.03.2024 | Variance |
Rs. | Rs. | % |
(Unaudited) | (Audited) | |
Profit for the Year | 29,927,511 | (4,178,728) 816% | 30,520,081 | 1,472,218 | 1973% | |
Other Comprehensive Income to be reclassified to Income Statement | - | - | 0% | - | - | 0% |
Other Comprehensive Income not to be reclassified to Income Statement | ||||||
Gains on revaluation of land and buildings | - | 66,657,500 | 66,657,500 | |||
Deferred Tax Charge impact on revaluation reserve | - | (19,997,250) | (19,997,250) | |||
Deferred Tax Charge impact on revaluation reserve due to tax rate change | - | - | - | |||
Gain on creating Investment in Shares | 4,786,903 | -50% | -50% | |||
Deferred Tax Charge on creating Investment in Shares | (1,436,071) | 50% | 50% | |||
136,631 | -2511% | 136,631 | -2511% | |||
(40,989) | 2511% | (40,989) | 2511% | |||
Other Comprehensive Income for the Year, net of taxes | 1,045,380 | 53,514,035 | -98% | 1,045,380 | 53,514,035 | -98% |
Total Comprehensive Income for the Year | 30,972,891 | 49,335,307 | -37% | 31,565,461 | 54,986,253 | -43% |
100% |
-100% |
0% |
- |
- |
- |
100% |
-100% |
0% |
9,654,490 |
(2,896,347) |
4,786,903 |
(1,436,071) |
9,654,490 |
(2,896,347) |
Actuarial gains /(losses) on Post Employment Liability | (3,293,503) |
Deferred Tax (Charge) /Reversal impact on above | 988,051 |
(3,293,503) |
988,051 |
UB FINANCE PLC
STATEilENT OF FINANCIAL POSITION
As at | 31.03.2025 Rs. | 31.03.2024 Rs. |
(Unaudited) | (Audited) | |
Assets Cash in Hand and Balances with Banks | 286,462,350 | 229,038,463 |
Financial Investments at amortised cost | 877,702,548 | 2,130,530,049 |
Financial investments at fair value though profit or loss | 505,099,380 | |
Financial Assets at amortized cost - Loans and Advances to Customers | 9,508,882,646 | 7,760,662,165 |
Financial assets measured at fair value though Other Comprehensive Income | 36,299,617 | 31,512,714 |
Investment in Rea1 Estate | 39,270,759 | 60,055,591 |
Other Assets | 221,156,023 | I53,255,782 |
Intangible Assets | 8,412,691 | 9,197,031 |
Property, Plant arid Equipment | 337,292,100 | 297,473,588 |
Right of use asset | 222,485,952 | 231,778,836 |
Deferred Tax Assets | 25,257,245 | 63,363,833 |
12,068,321,311 | 10,967,168,052 | |
Liabilities | ||
Financial Liabilities at amortized cost | ||
Due to Banks | 40,615,569 | 20,741,963 |
Due to other Customers | 7,160,617,321 | 7,527,533,959 |
Oilier Borrowed Funds | 1,211,587,095 | |
Financial Liabilities | 210,092,745 | 269,741,763 |
Lease Liability - Rent | 254,857,494 | 244,998,756 |
Other non Financial Liabilities | 60,639,784 | 66,129,537 |
Post Employment Liability | 39,405,151 | 33,360,213 |
Total Liabilities | 8,977,815,159 | 8,162,506,191 |
Equity | ||
Stated Capital | 3,325,761,076 | 3,071,482,247 |
Statutory Reserve Fund | 73,587,366 | 72,061,362 |
Fair Value Reserve | 26,561,057 | 23,210,225 |
Revaluation Reserves | 95,689,476 | 95,689,476 |
Regulatory Loss Allowance Reserve | 190,133,529 | 281,020,661 |
Accumulated Loss | (621,226,353) | (738,802,110) |
Total Shareholders' Equity | 3,090,506,152 | 2,804,661,861 |
Total Equity and Liabilities | 12,068,321,311 | 10,967,168,052 |
Net asset per share (Rs.) | 0.97 | 1.04 |
1 certify that these Financial S taterne arc in compliance with the requirements of the Companies Act No. 07 of 2007.
Asanka adaaracliclfi Assistant General Manager - Finance
The Board of Directors is responsible for iese Financial Stateinents. Signed for and on behalf of the Bo dJ
30 May 2025
Colombo
MohanRana
lr 'C ION
Ransith K iaratiie Director/ Chief Executive Ofcer
UB FINANCE PLC |
STATEMENT OF CHANGES IN EQUITY |
Stated Capital |
Rs. |
Statutory Reserve Fund |
Rs. |
Fair Value Reserve |
Rs. |
Revaluation Reserves |
Rs. |
Regulatory Loss Allowance Reserves |
Rs. |
Accumulated Profit/(Loss) |
Rs. |
Total |
Rs. |
Balance as at 31 March 2023 (Audited) 3,016,482,247
Share issue 55,000,000
16,452,082
49,029,226 |
- |
92,549,026 |
- |
(551,824,724) | 2,694,675,608 |
- | 55,000,000 |
-
71,987,751 |
- |
(738,802,110) | 2,804,661,861 |
Other Comprehensive Income (Net of deferred tax) - - 6,758,143 46,660,250 - 95,642 53,514,035 Profit for the period - - - - - 1,472,218 1,472,218 Transfer to regulatory loss allowance reserve - - - - 188,471,635 (188,471,635) -Transfer to Statutory Reserve - 73,611 - - - (73,611) -Balance as at 31 March 2024 (Audited) 3,071,482,247 72,061,362 23,210,226 95,689,476 281,020,661
Rights issue 254,278,829 - - - - - 254,278,829
Other Comprehensive Income (Net of deferred tax) - - 3,350,832 - - (2,305,452) 1,045,380 Profit for the period - - - - - 30,520,081 30,520,081 Transfer to regulatory loss allowance reserve - - - - (90,887,132) 90,887,132 -Transfer to Statutory Reserve - 1,526,004 - - - (1,526,004) -Balance as at 31 March 2025 (Unaudited) 3,325,761,076 73,587,366 26,561,057 95,689,476 190,133,529 (621,226,353) 3,090,506,152
UB FINANCE PLC | ||
STATEMENT OF CASH FLOWS | ||
For the period ended | 31.03.2025 | 31.03.2024 |
Rs. | Rs. | |
(Unaudited) | (Audited) | |
Cash Flow from Operating Activities | ||
Interest Received | 1,968,335,982 | 2,038,098,404 |
Fees and Commission Receipts | 91,525,363 | 62,975,628 |
Interest Paid | (882,121,867) | (1,282,344,371) |
Fees and Commission Paid | (30,705,290) | (17,230,755) |
Payments on Other Operating Activities | (755,883,144) | (648,879,593) |
Operating Profit/ (loss) before changes in Operating Assets and Liabilities | 391,151,044 | 152,619,313 |
(Increase) /Decrease in Operating Assets: | ||
Funds Advanced to Customers | (1,696,166,349) | 330,174,119 |
Others | (132,197,806) | (46,756,338) |
Increase in Operating Liabilities: | ||
Due to banks and other customers | (539,501,976) | 946,302,666 |
Others | (115,253,771) | 83,307,521 |
Net Cash used in Operating Activities before Income Tax | (2,091,968,858) | 1,465,647,281 |
Retiring Gratuity paid | (6,197,500) | (2,373,250) |
Income Tax | - | - |
Net Cash used in Operating Activities | (2,098,166,358) | 1,463,274,031 |
Cash Flow from Investing Activities | ||
Dividends Received | 691,157 | 697,500 |
Purchase of Intangible Assets | (717,676) | (4,541,540) |
Purchase of Property and Equipment | (82,898,683) | (75,726,255) |
Proceeds from Sale of Property and Equipment | 3,857,541 | 2,380,000 |
Proceeds from Sale of Real Estate | 18,727,350 | 10,078,781 |
Net Cash used in Investing Activities | (60,340,311) | (67,111,514) |
Cash Flow from Financing Activities | ||
Loans obtained during the year | 1,825,000,000 | 400,000,000 |
Loans settled during the year | (631,250,000) | (855,041,855) |
Issues of Shares | 254,278,829 | 55,000,000 |
Net Cash generated from Financing Activities | 1,448,028,829 | (400,041,855) |
Net (Decrease) / increase in Cash and Cash Equivalents | (710,477,840) | 996,120,662 |
Cash and Cash Equivalents at Beginning of the Year | 2,339,126,549 | 1,343,005,887 |
Cash and Cash Equivalents at End of the Year | 1,628,648,709 | 2,339,126,549 |
Reconciliation of Cash and Cash Equivalents | ||
Cash in Hand | 43,461,230 | 38,720,578 |
Balances with Banks (Net of Overdraft) | 202,385,551 | 169,575,922 |
Financial Investments at amortised cost | 877,702,548 | 2,130,830,049 |
Financial investments at fair value through profit or loss | 505,099,380 | - |
1,628,648,709 | 2,339,126,549 | |
UB FINANCE PLC |
SEGMENT INFORMATION |
For the Management purposes, the company is organised in to four operating segments based on the services offered to customers. The following table presents income, profit and certain asset and liability information regarding the company's operating segments.
Auto Loans | |
31.03.2025 | 31.03.2024 |
Rs. | Rs. |
(Unaudited) | (Audited) |
Property Loans | |
31.03.2025 | 31.03.2024 |
Rs. | Rs. |
(Unaudited) | (Audited) |
Gold Loans | |
31.03.2025 | 31.03.2024 |
Rs. | Rs. |
(Unaudited) | (Audited) |
Others | |
31.03.2025 | 31.03.2024 |
Rs. | Rs. |
(Unaudited) | (Audited) |
Total | |
31.03.2025 | 31.03.2024 |
Rs. | Rs. |
(Unaudited) | (Audited) |
Interest Income | 1,284,105,337 | 1,158,788,638 |
Interest Expenses | (697,164,127) | (867,131,395) |
Net Interest Income | 586,941,210 | 291,657,243 |
65,024,752 | 69,939,032 |
(67,579,499) | (149,329,628) |
(2,554,747) | (79,390,597) |
300,690,539 | 333,323,641 |
(171,326,779) | (190,224,969) |
129,363,760 | 143,098,673 |
319,322,204 | 580,703,698 |
(177,912,543) | (192,609,608) |
141,409,661 | 388,094,090 |
1,969,142,832 2,142,755,010
(1,113,982,948) (1,399,295,601)
855,159,884 743,459,409
Fee and Commission Income | 52,690,117 | 35,961,349 | 7,641,899 | 10,396,636 | 30,341,950 | 13,461,147 | 851,397 | 3,156,496 | 91,525,363 | 62,975,628 |
Fee and Commission Expenses | (30,705,290) | (17,230,755) | - | - | - | - | - | - | (30,705,290) | (17,230,755) |
Net Fee and Commission Income | 21,984,827 | 18,730,594 | 7,641,899 | 10,396,636 | 30,341,950 | 13,461,147 | 851,397 | 3,156,496 | 60,820,073 | 45,744,873 |
Other Operating Income (Net) | 13,503,273 | 15,120,601 | 27,533,313 | 16,521,181 | 4,994,022 | 10,280,805 | 71,622,262 | 52,326,786 | 117,652,870 | 94,249,373 |
Total Operating Income 622,429,310 325,508,438 32,620,465 (52,472,780) 164,699,732 166,840,625 213,883,320 443,577,372 1,033,632,827 883,453,655
Impairment Charge on Loans and Advances | (59,481,603) | (35,899,632) | 22,661,808 | (16,027,326) | (600,643) | 3,332,133 | (770,302) | 1,723,035 | (38,190,740) | (46,871,790) |
Impairment Charge on Non-Financial Assets | - | - | - | - | - | - | (16,666,000) | (12,299,074) | (16,666,000) | (12,299,074) |
Net Operating Income | 562,947,707 | 289,608,806 | 55,282,273 | (68,500,105) | 164,099,089 | 170,172,758 | 196,447,018 | 433,001,333 | 978,776,087 | 824,282,791 |
Other Expenses | (457,080,210) | (388,971,644) (30,105,005) (66,068,335) (117,682,895) (85,255,730) (125,923,634) (83,555,250) (730,791,744) (623,850,959) |
Depreciation and Amortisation | (49,654,234) | (37,944,212) (4,813,226) (6,534,414) (12,202,435) (8,323,925) (12,666,621) (8,424,221) (79,336,516) (61,226,772) |
Operating Profit before Taxes Taxes | 56,213,263 - | (137,307,050) 20,364,042 (141,102,854) 34,213,759 76,593,103 57,856,763 341,021,862 168,647,827 139,205,060 - - - - - - - (138,127,746) (137,732,843) (138,127,746) (137,732,843) |
Profit/(Loss) for the Period 56,213,263 (137,307,050) 20,364,042 (141,102,854) 34,213,759 76,593,103 (80,270,983) 203,289,019 30,520,081 1,472,218
Financial Assets measured at fair value | ||||
Financial Investments at fair value through other comprehensive income | ||||
Equity Securities | - | - | 36,299,617 | 36,299,617 |
Non Financial Assets | ||||
Land and buildings | - | - | 172,634,716 | 172,634,716 |
Financial Assets measured at fair value
Financial Investments at fair value through other comprehensive income |
Equity Securities |
Non Financial Assets |
Land and buildings |
- - 208,934,333 208,934,333
As at 31-03-2024 (Audited) | |||
Level 1 | Level 2 | Level 3 | Total |
Rs. | Rs. | Rs. | Rs. |
UB FINANCE PLC |
FAIR VALUE MEASUREMENT |
As at 31-03-2025 (Unaudited) | |||
Level 1 | Level 2 | Level 3 | Total |
Rs. | Rs. | Rs. | Rs. |
- - 31,512,714 31,512,714
- |
- |
173,734,247 |
205,246,961 |
173,734,247 |
205,246,961 |
-
-
Fair value of financial assets and liabilities not carried at fair value
As at 31-03-2025 (Unaudited)
Fair Value Fair Carrying
Financial Assets
Level 01 Level 02 Level 03 value amount Rs. Rs. Rs. Rs. Rs.
Financial Assets at amortized cost - Loans and Advances to Customers | - | 10,017,511,981 | - | 10,017,511,981 | 9,508,882,646 |
- | 10,017,511,981 | - | 10,017,511,981 | 9,508,882,646 | |
Financial Liabilities Due to other Customers | - | 7,428,729,702 | - | 7,428,729,702 | 7,160,617,321 |
Other Borrowed Funds | - | 1,200,117,405 | - | 1,200,117,405 | 1,211,587,095 |
- 8,628,847,107 - 8,628,847,107 8,372,204,416 | |||||
As at 31-03-2024 (Audited) | |||||
Fair Value | Fair | Carrying | |||
Level 01 | Level 02 | Level 03 | value | amount | |
Rs. | Rs. | Rs. | Rs. | Rs. | |
Financial assets | |||||
Financial Assets at amortized cost - Loans and Advances to Customers | - | 8,629,135,671 | - | 8,629,135,671 | 8,696,461,814 |
- | 8,629,135,671 | - | 8,629,135,671 | 8,696,461,814 | |
Financial liabilities | |||||
Due to other customers | - | 7,990,399,165 | - | 7,990,399,165 | 7,527,533,959 |
Other Borrowed funds | - | - | - | - | - |
- | 7,990,399,165 | - | 7,990,399,165 | 7,527,533,959 | |
The Following is a list of financial investments whose carrying amount is a reasonable approximation of fair value. Because for example, they are short-term in nature or reprice to current market rates Frequently:
Carrying amount
Assets : | 31-03-2025 (Unaudited) | 31-03-2024 (Audited) |
Cash in Hand and Balances with Banks | 286,462,350 | 229,038,463 |
Financial Investments at amortised cost | 877,702,548 | 2,130,830,049 |
Financial Assets | 5,702,715 | 7,310,913 |
Liabilities |
Due to Banks |
Financial Liabilities |
20,741,963 |
269,741,763 |
40,615,569
210,092,745
UB FINANCE PLC | |
NOTES TO THE FINANCIAL STATEMENTS | |
1 | The accounting policies followed in preparing the above Interim Financial Statements are the same as those disclosed in our Annual Report for the year ended 31 March 2024. |
2 | These Interim Financial Statements have been prepared in compliance with the requirements of Sri Lanka Accounting Standards - LKAS 34 Interim Financial Reporting. |
3 | There have been no material events occurring after the reporting date that require adjustments to or disclosure in the Financial Statements. |
4 | There is no commitments and contigencies as at 31 March 2025 (31.03.2024- Nil) |
5 | Information on Ordinary Shares |
For the period ended | |
31.03.2025 | 31.03.2024 |
(i) Share price |
Highest |
Lowest |
Last Traded |
Closing Price |
0.8 | 0.8 |
0.6 | 0.6 |
0.7 | 0.8 |
0.6 | 0.8 |
Total number of shares as at 31 March 2025 - 3,178,485,367
Total number of shareholders as at 31 March 2025 - 5,097
(iv) Float adjusted market capitalization Rs.191,741,854.20 |
The Float adjusted market capitalization of the Company falls under Option 2 of Rule 7.13.1 (i) (b) of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding requirement applicable under the said option. |
(v) The public shareholding as at 31 March 2025 is 10.0542% comprising of 5,094 shareholders
(vi) Directors' sharholding as at 31 March 2025
Name of the Director |
Mr. Malay Mukherjee |
Mr. Sanjay Prokhrel |
Mr. Mohan Ratnayake |
Mr. Sabry Ghouse |
Mr. Raj Moahan Balendra |
Mr. Jayendra Arulraj Setukavalar |
Prof. Ajantha Dharmasiri |
Mr Dilshan Peter Nirosh Rodrigo |
Mr. Ransith Karunaratne |
No of Shares | % Holding |
- | 0.00% |
- | 0.00% |
- | 0.00% |
- | 0.00% |
- | 0.00% |
- | 0.00% |
- | 0.00% |
- | 0.00% |
62,300 | 0.00% |
UB FINANCE PLC |
NOTES TO THE FINANCIAL STATEMENTS |
(vi) Twenty largest shareholders as at 31 March 2025
1. Union Bank of Colombo PLC |
2. Mr. D.A.J. Warnakulasuriya |
3. Mr O.I. Sheunn |
4. Mr. S. Ramanathan |
5. Mr. A.N. Handunpathirana |
6. People S Leasing And Finance PLC/Suhada Gas Distributors (Pvt) Ltd |
7. Ms. H.T.S. Soysa |
8. Associated Electrical Corporation Ltd |
9. Est.of Lat K.C. Vignarajah |
10. Senkadagala Finance PLC/C.B.R.Fernando |
11. Mr. A.M. Irfan |
12. Assetline Finance Limited/Suhada Gas Distributors (Pvt) Ltd |
13. Sampath Bank PLC/Ceylon Capital One Investment Private Liited |
14. Peoples Leasing and Finance PLC/N.Anoshan |
15. Seylan Bank PLC/Mr. Manikkavasagar Thiyagaraja |
16. Mr. V.R.A. Perera |
17. Mr. N.W.V. Ruwan Kumara |
18. Mr. M.G.Y.A. Udawatte |
19. Mr C.P.A. Wijesekera |
20. Mr. R.P. Kaluarachchi |
Others |
No of Shares | % Holding |
2,858,791,010 | 89.94% |
51,400,345 | 1.62% |
14,605,884 | 0.46% |
13,811,004 | 0.44% |
12,108,672 | 0.38% |
11,466,099 | 0.36% |
7,800,000 | 0.25% |
7,551,017 | 0.24% |
7,495,990 | 0.24% |
6,923,423 | 0.22% |
5,878,992 | 0.19% |
5,090,354 | 0.16% |
4,248,102 | 0.13% |
3,900,000 | 0.12% |
3,436,441 | 0.11% |
3,400,000 | 0.11% |
1,985,300 | 0.06% |
1,752,569 | 0.06% |
1,547,262 | 0.05% |
1,500,000 | 0.05% |
153,792,903 | 4.84% |
3,178,485,367 | 100.00% |
6 | Selected Performance Indicators |
31.03.2025 | 31.03.2024 |
Capital Adequacy (%) |
Core Capital to Risk Weighted Asset Ratio (Minimum 8.5%) |
Total Capital to Risk Weighted Asset Ratio (Minimum 12.5%) |
Capital Funds to Total Deposit Liabilities Ratio (Minimum 10%) |
26.4% | 30.5% |
26.4% | 30.5% |
38.8% | 31.9% |
Profitability (%) |
Net interest margin |
Return on Assets (PBT) |
Return on Equity (PAT) |
7.6% | 7.2% |
1.4% | 1.3% |
1.0% | 0.1% |
Liquidity (Rs'Mn) |
Required Minimum Amount of Liquid Assets |
Available Amount of Liquid Assets |
Required Minimum Amount of Government Securities |
Available Amount of Government Securities |
716.6 | 757.2 |
1,155.8 | 2,274.0 |
551.7 | 464.2 |
876.3 | 2,041.8 |
UB FINANCE PLC |
Corporate Information |
Name of the Company |
UB Finance PLC |
Legal Form |
A Public Limited Liability Company. Incoprorated in Sri Lanka under the Companies Ordinance No.51 of 1938 and re-registered as per the Companies Act No.7 of 2007. A Licensed Finance Company under the Finance Business Companies Act No. 42 of 2011. A registered Finance Leasing Establishment interms of Finance Leasing Act No.56 of 2000 of Sri Lanka. |
Stock Exchange Listing |
The Company was listed on the Colombo Stock Exchange on 14th August 2023. |
Date of Incorporation |
12th July 1961 |
Company Registration Number |
PQ 00283806 (Previously PB 113 and PVS 1940 /PBS) |
Tax Payer Identity Number |
104019404 |
Principal Activities |
The principle business activities of the Company include investment activities such as accepting fixed deposits and savings accounts, finance activities such as providing lease, hire purchase and loan facilities, Gold Loan facilities, working capital activities such as factoring. The Company also deals in real estate and other investment and credit activities. |
Registered Office |
No. 10, Daisy Villa Avenue, Colombo 04 |
Head Office |
No. 10, Daisy Villa Avenue, Colombo 04 |
Website |
https://www.ubf.lk |
Financial Year End |
31 March |
Credit Rating |
Fitch: BB(lka) Outlook Negative |
Secretaries |
Ms. Tharanga Nandasena (Effective from 2nd June 2025) |
No.10. Daisy Villa Avenue, Colombo 04 |
External Auditors |
M/s. KPMG Sri Lanka |
Chartered Accountants |
32A Sir Mohomad Macan Markar Mawatha, Colombo 03. |