Union Bank announced a milestone financial performance for the FY2025, emerging as one of the fastest-growing banks in the country complemented by a standout bottom-line performance with the group Profit Before All Taxes reaching LKR 2.2 Bn and doubling its Profit After Tax (PAT) to LKR 660 Mn highlighting the success of its strategic transformation plans.

The Bank’s Gross Income surged to LKR 18.2 Bn supported by a strengthened Net Interest Income (NII) of LKR 5, 638 Mn and a substantial Net Fee and Commission Income of LKR 1,545 Mn, reflecting a diversified and resilient revenue base.

The Net loan portfolio climbed by 36% to LKR 110.8 Bn, maintaining the aggressive momentum seen in the previous year where the Bank significantly outpaced industry averages. This expansion was complemented by a robust growth in the deposit base, which reached LKR 118.8 Bn a 15% increase, signaling deep-rooted public confidence and the success of the Bank’s energised, sales-driven culture.  The Bank maintained a comfortable Total Capital Ratio of 13.2%, remaining well above regulatory requirements and ensuring a stable foundation for future lending. The Total Assets of the Group grew from LKR 155.6 Bn to LKR 184.8 Bn, a 19% growth. The Union Bank Group consists of UB Finance Plc and National Asset Management Limited.

Dinesh Weerakkody, Chairman of  Union Bank, stated that the Bank’s 2025 performance reflects the strategic and structural transformation following the entry of its new investor. He noted that stronger governance, an improved financial position, and a sharper focus on core banking segments have positioned the Bank to deliver sustainable and resilient long-term value.

Directing the Bank’s forward-looking vision, Dilshan Rodrigo, Director/Chief Executive Officer of Union Bank, stated that the Bank has firmly established itself as a top-tier contender by staying close to our customers and embracing a digital-first philosophy. The growth of our loan book is a direct reflection of our commitment to 'Transforming Lives' through innovation, service excellence, and expanded digital accessibility. By championing the SME sector as a catalyst for economic growth, we continue to drive a forward-looking vision that empowers our communities.

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Dinesh Weerakkody, Chairman, Union Bank

Dilshan Rodrigo, Director/Chief Executive Officer, Union Bank