Union Finance Limited (UFL) is the first non-banking financial institution to introduce the leasing business in Nepal. It was established in 1993 in technical collaboration with BAIL EQUIPMENT of UECIC BANKS of FRANCE whose leasing expertise is widely recognized throughout France. UFL was registered with the Company Registrar's office on March 25th 1993. Its operation came into effect on December 12th 1994 after obtaining the license on September 17th 1994 from Nepal Rastra Bank.
Since its operation, UFL has been providing financial services successfully to individuals, business enterprises within the Kathmandu Valley and other parts of the country in the form of taking deposits, lease financing, loans and financial guarantees.
The company has maintained professional standards and transparency in all its dealing with customers and authorities. The company has followed an open and fair recruitment policy to recruit staff members.
Despite the economic constraints and limited investment avenues the objective of UFC to extend financial services throughout the Kingdom of Nepal will continue. The company's future endeavor in upgrading financial services involves investment in projects and industries as well.