Union Bank of Colombo PLC 2015 AR2
The report highlights Union Bank of Colombo PLC's transition to a fully-fledged commercial bank in 2015, following a landmark capital infusion by TPG. Key achievements include a 238% year-on-year growth in post-tax profits to Rs. 193 million and a significant improvement in portfolio quality, with the net non-performing loans ratio dropping to 2.7%. The bank expanded its delivery channels to 64 branches and 102 ATMs, and successfully migrated to Microsoft Office 365 cloud technology. Additionally, the bank prepared its first integrated annual report in accordance with the GRI G4 Core guidelines.
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2015
Type: AR2
Pages: 236
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Union Bank of Colombo PLC
Annual Report
The report highlights Union Bank of Colombo PLC's transition to a fully-fledged commercial bank in 2015, following a landmark capital infusion by TPG. Key achievements include a 238% year-on-year growth in post-tax profits to Rs. 193 million and a significant improvement in portfolio quality, with the net non-performing loans ratio dropping to 2.7%. The bank expanded its delivery channels to 64 branches and 102 ATMs, and successfully migrated to Microsoft Office 365 cloud technology. Additionally, the bank prepared its first integrated annual report in accordance with the GRI G4 Core guidelines.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees