Union Bank recorded a significant improvement in profitability and financial performance during the first nine months of 2026.<\/p>\n\n\n\n
The bank\u2019s profit before tax rose by 48% year-on-year to 1.744 billion rupees for the nine months ended September 30th, 2026.
Profit after tax also increased by 104% to 701 million rupees.<\/p>\n\n\n\n
Gross income grew by 20% to 15.803 billion rupees, while net interest income rose by 27% to 5.039 billion rupees during the period.<\/p>\n\n\n\n
The bank\u2019s total assets increased by 20% to 207.087 billion rupees, while net loans and advances grew by 25% to 138.329 billion rupees.
Customer deposits also recorded a 16% increase, reaching 138.096 billion rupees.<\/p>\n\n\n\n
Commenting on the performance, Union Bank Chairman Dinesh Weerakkody said the bank\u2019s transformation process and core banking operations continued to demonstrate strong progress despite a challenging operating environment.<\/p>\n\n\n\n
Meanwhile, Director and Chief Executive Officer Dilshan Rodrigo stated that the bank expects to sustain this growth by introducing new customer-focused products, expanding its service network, strengthening digital capabilities and improving service quality.<\/p>\n\n\n\n
At the group level, profit before tax increased by 51% to 2.061 billion rupees, while profit after tax grew by 108% to 723 million rupees.<\/p>\n\n\n\n
Source: Hiru News<\/p>\n","protected":false},"excerpt":{"rendered":"
Union Bank recorded a significant improvement in profitability and financial performance during the first nine months of 2026. The bank\u2019s profit before tax rose by 48% year-on-year to 1.744 billion rupees for the nine months ended September 30th, 2026. Profit […]<\/p>\n","protected":false},"author":2,"featured_media":18359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/18358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18358"}],"version-history":[{"count":1,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/18358\/revisions"}],"predecessor-version":[{"id":18360,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/18358\/revisions\/18360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/media\/18359"}],"wp:attachment":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}