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Union Bank posts Rs. 834 m Profit Before Taxes for 1H 2025
Daily FT
|July 31, 2025
UNION Bank of Colombo PLC has reported a Profit After Tax (PAT) of Rs. 251 million for the first half of 2025 ending 30 June, marking a 247% increase compared to the same period in 2024. This robust profit growth was underpinned by continued expansion of the bank's balance sheet and strategic operational improvements.
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Profit Before Tax (PBT) also rose by 58% to Rs. 834 million, reflecting enhanced performance across core banking operations and increased contributions from subsidiaries.
The bank's net loans and advances exceeded Rs. 100 billion during the period, representing a 24% year-to-date growth, with focused growth strategies in leasing and pawning portfolios. This expansion directly supported income growth and was complemented by higher loan volumes and trade-related activity, which drove a 25% increase in net fee and commission income.
यह कहानी Daily FT के July 31, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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