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Union Bank records strong performance in 2019
11 March 2020Finance
Bank Profit after all Taxes grew by 50.3% YoY to Rs. 710 Mn Net Interest Income up by 22.6% YoY to Rs. 4,479 Mn Total Operating Income grew by 13.9%...
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Union Bank’s new and improved BizDirect+ provides expert tools for liquidity management
17 February 2020Business
Union Bank announced the re-launch of latest Union Bank BizDirect+ proposition which is enhanced with new features for better performance and convenience of clients. BizDirect is the revolutionary transaction...
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Union Bank celebrates 25 years of banking to the nation
5 February 2020Business
Inaugurates celebrations with all night pirith and other religious ceremonies Photo captions A few captured moments from the religious observations conducted in celebration of Union Bank’s 25th anniversary...
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Union Bank spreads the word of joy this season
20 December 2019Other
Spreading the word of joy during the Christmas season, Union Bank held a Carols program at the St. Andrew’s Scots Kirk Church in Colombo recently. The Carols were presented by...
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Union Bank offers up to 50% savings to Credit Cardholders this season
4 December 2019Business
Union Bank recently revealed the Bank’s seasonal credit cards discount scheme that offers up to 50% savings at over 100 merchant partner outlets island-wide. A key highlight amongst the offers...
Read MoreUnion Bank focuses on cost optimisation for sustained growth in a challenging environment
15 November 2019Finance
Bank Profit before all taxes grew by 54% YoY to Rs. 1,422 Mn Net Interest Income grew to Rs. 3,466 Mn Fee and Commission Income up by 12% YoY to...
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3 May 2021
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
8 March 2021
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
16 November 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
2 November 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
18 August 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
11 March 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
11 March 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
17 February 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
5 February 2020
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
15 November 2019
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
25 October 2019
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
16 August 2019
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
25 July 2019
The second quarter of 2019 carried unforeseen challenges for the banking sector, which was under demanding economic conditions caused by the unfortunate events that unfolded in April 2019.
8 July 2019
Union Bank concluded a strong first half, recording significant growth in core banking revenue with resultant profits before all taxes of Rs. 849 Mn, amidst challenging market conditions that tested the resilience of businesses across all sectors.
27 June 2019
As announced to the CSE by the Bank, its major shareholder Culture Financial Holdings Limited, through which TPG- the US based investment giant holds 70% of Union Bank shares,
10 June 2019
The Bank announced the appointment of Nisala Kodippili as Chief Information Officer while career banker Asanka Ranhotty was appointed as Vice President, SME Banking and Transaction Banking at Union Bank.
3 June 2019
The upgrade of Union Bank’s rating reflects its better risk profile through a more diversified loan book, increased profitability and higher-than-average capitalisation amongst other rating drivers.
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