COLOMBO, Sept 19, 2025 (ePRESS) – Union Bank of Colombo said on Friday its Board of Directors has approved plans to raise up to Rs. 3 billion through a listed debenture issue, subject to shareholder and regulatory approvals.
The bank will issue up to 30 million Basel III-compliant, listed, rated, unsecured debentures at Rs. 100 each.
Union Bank said the move will help strengthen its capital base, support future expansion, and improve its Tier 2 capital to meet regulatory requirements. It will also boost lending capacity, especially to small and medium-sized businesses and other key customer groups.
“This decision reflects our confidence in the bank’s growth path and our commitment to sustainable progress,” said Dilshan Rodrigo, Director and Chief Executive Officer of Union Bank. “By enhancing our capital structure, we can better support customers, expand operations and seize new opportunities in Sri Lanka’s changing economy.”
The bank added that the issuance was part of its wider strategy to ensure financial resilience, sustainable growth and long-term value for shareholders and stakeholders.
