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Union Bank delivers Rs. 1.2 b PBT for first nine months of 2025

Daily FT

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October 31, 2025

UNION Bank has reported an impressive financial performance for the nine months ended 30 September 2025, reaffirming its position as one of Sri Lanka’s fastest-growing private commercial banks.

The bank posted a Profit Before Tax (PBT) of Rs. 1,178 million, an impressive 52% increase compared to the corresponding period of 2024. Profit After Tax (PAT) rose by an exceptional 194% to Rs. 343 million, underscoring the bank’s successful strategic execution and prudent financial management.

The bank’s gross income rose by 7% to Rs. 13,199 million, reflecting continued business expansion and improved earnings from both core and non-core activities. Net Interest Income (NII) increased by a healthy 11% to Rs. 3,981 million, supported by strong loan growth and effective margin management. Complementing this performance, Net Fee and Commission Income recorded an outstanding 39% growth to Rs. 1,133 million, driven by higher transactional volumes, digital channel utilisation, and trade-related services. As a result, Net Operating Income increased by 19% to Rs. 5,705 million.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Daily FT

ADB announces emergency grants for flood relief across Southeast Asia and Sri Lanka

ASIAN Development Bank (ADB) President Masato Kanda yesterday announced that the ADB will provide immediate grant support of up to $ 3 million to Sri Lanka; $ 2 million to Thailand; and $2 million to Viet Nam, following requests for support from the Governments.

time to read

1 min

December 04, 2025

Daily FT

UN spearheads Joint Rapid Needs Assessment post-Cyclone Ditwah in Sri Lanka

THE UN is leading the development of a Joint Rapid Needs Assessment in close coordination with the Disaster Management Centre (DMC) and humanitarian partners following the devastating Cyclone Ditwah in Sri Lanka.

time to read

1 min

December 04, 2025

Daily FT

CSE closes down 1.87%, loses Rs. 143 b value

THE Colombo stock market yesterday fell sharply to the lowest point in two months, losing Rs. 143 billion in value from the previous close.

time to read

1 mins

December 04, 2025

Daily FT

Banks' Association pledges strong support for economic revival

THE Sri Lanka Banks' Association (SLBA) in a meeting with Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe yesterday pledged its fullest support to revive the country's economy following the damage inflicted by Cyclone Ditwah.

time to read

1 min

December 04, 2025

Daily FT

Daily FT

Management Committee of 'Rebuilding Sri Lanka' Fund convenes

THE Management Committee of the 'Rebuilding Sri Lanka' Fund, established on the instructions of President Anura Kumara Dissanayake to assist the country's recovery following Cyclone Ditwah, met yesterday morning at the Presidential Secretariat.

time to read

1 min

December 04, 2025

Daily FT

Geogas to supply Sri Lanka's LPG needs for 2026

THE Cabinet earlier this week declared the award of next year's liquefied petroleum gas (LPG) supply contract to Geogas Trading S.A., following the conclusion of a competitive procurement process carried out under the 2024 Procurement Guidelines.

time to read

1 min

December 04, 2025

Daily FT

Daily FT

Apple to donate towards post-storm relief, rebuilding efforts

APPLE CEO Tim Cook on Tuesday announced the company is extending its SC thoughts to those affected by the severe storms CEO Tim Cook across Thailand, Indonesia, Malaysia, and Sri Lanka.

time to read

1 min

December 04, 2025

Daily FT

Sri Lanka Women cricketers to play India in five-match T20I series

THE Sri Lanka Women's cricket team will tour India this month to play a five-match T20 International series against India.

time to read

1 min

December 04, 2025

Daily FT

SL rushes to assure tourists

Tourism for a joint social media and a PR campaign aimed at countering any negative perceptions

time to read

3 mins

December 04, 2025

Daily FT

Daily FT

Harsha says Rebuilding Sri Lanka needs Parliament sanction, oversight

SAMAGI Jana Balawegaya (SJB) MP Dr. Harsha de Silva called for Parliamentary approval and oversight over the Rebuilding Sri Lanka initiative.

time to read

1 mins

December 04, 2025

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