Sri Lanka s Union Bank said CG Capital Partners Pte Ltd, a unit of Nepali businessman Binod Choudhary s business group is now its ultimate controlling shareholder following the indirect acquisition of its main shareholder.
Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier with a fall in net interest income, interim accounts showed, while the bank said exchange rate problems had hit Treasury income.