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…<\/p>\n","protected":false},"author":4,"featured_media":7942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t