Union Bank hits Rs. 2.2 b PBT and doubles bottom line in 2025

Saturday, 28 February 2026 01:30 - - {{hitsCtrl.values.hits}}


Chairman Dinesh Weerakkody	Director/CEO Dilshan Rodrigo

Union Bank yesterday 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 Rs. 2.2 billion and doubling its Profit After Tax (PAT) to Rs. 660 million highlighting the success of its strategic transformation plans.

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

The Net loan portfolio climbed by 36% to Rs. 110.8 billion, 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 Rs. 118.8 billion, 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 Rs. 155.6 billion to Rs. 184.8 billion, a 19% growth. The Union Bank Group consists of UB Finance Plc and National Asset Management Ltd.

Union Bank Chairman Dinesh Weerakkody 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, Director/CEO Dilshan Rodrigo 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.