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Union Bank posts Rs. 285 m PBT in 1Q
Daily FT
|May 02, 2025
UNION Bank of Colombo PLC has announced its financial results for the first quarter ended 31 March 2025, highlighting strong loan growth and balance sheet expansion.
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Demonstrating strategic focus and resilience, Union Bank in a statement said it recorded a 14% year-on-year increase in net loans, underscoring the bank's momentum in lending and its commitment to supporting retail, SME, and corporate sectors. This healthy credit growth highlights the bank's strengthened position in the financial services sector. Reflecting this lending momentum, the bank's total assets rose to Rs. 161 billion, marking a 10% increase from December 2024.
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