Union Bank ups asset quality while expanding new loans

Union Bank of Colombo PLC reported mixed performance for the three months ended in September 2025, despite the continuous growth in new loans which also moderate by a little and continuously improving asset quality.

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Union Bank of Colombo PLC for the three months ended in September 2025, reported a net interest income of Rs. 1.73 billion, up 40.0 percent from the same period last year as the bank’s loan book continued to grow despite the margins slipping a little.

The net interest margin slid to 3.30 percent by the end of September 2025 from 3.40 percent at the start of the year.

The bank also gave loans worth of Rs.26.41 billion for the 9-months ended in September 2025, of which Rs.7.38 was generated in the last three months, slightly moderating from the previous quarter.

The bank has a loan book worth Rs.114.67 billion.