---
id: 6284
title: "Working for SMEs: Our Award Winner in Sri Lanka is Union Bank of Colombo"
award_year: 2014
published: 2014-10-01 10:08:19
published_gmt: 2014-10-01 09:08:19
author: "CFI.co Editorial"
url: "https://cfi.co/awards/asia-pacific/2014/working-for-smes-our-award-winner-in-sri-lanka-is-union-bank-of-colombo/"
categories: ["Asia Pacific", "Banking"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20260523043637
wayback_snapshot_url: "http://web.archive.org/web/20260523043637/https://cfi.co/awards/asia-pacific/2014/working-for-smes-our-award-winner-in-sri-lanka-is-union-bank-of-colombo/"
license: CFI-OAAL-1.0
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canonical: 6284-working-for-smes-our-award-winner-in-sri-lanka-is-union-bank-of-colombo.json
---

# Working for SMEs: Our Award Winner in Sri Lanka is Union Bank of Colombo

> Verbatim archived copy. Canonical machine record: `6284-working-for-smes-our-award-winner-in-sri-lanka-is-union-bank-of-colombo.json`.

<p style="text-align: justify;"><img class="aligncenter size-full wp-image-6285" src="https://cfi.co/awards/wp-content/uploads/2018/11/UnionBank.jpg" alt="" width="472" height="125" /></p>
<p style="text-align: justify;">The Union Bank of Colombo has grown its business magnificently since the civil war in Sri Lanka came to an end five years ago and the Bank now has a network of 61 branches servicing the country (versus seven branches just a few years ago). The Bank makes good use of modern technology to reach out to the more remote parts of the country mindful that the efforts of all Sri Lankans are required to make up for time lost through war. Union Bank is also correct in believing that small and medium enterprises are critical to the growth prospects of the island and for the past several years has been focusing very diligently on SME banking needs. The CFI.co Judging Panel comments that the commitment shown to SMEs by Union is obvious and very encouraging. The range of services and solutions is strong and Union can be relied upon for good advice and thoroughly professional support. The Panel is delighted to confirm Union Bank of Colombo as winner of the CFI.co award ‘Best SME Bank, Sri Lanka, 2014’.</p>