Union Bank of Colombo PLC 2019 AR2
The report highlights Union Bank of Colombo PLC's performance for the fiscal year 2019, marking its 25th year of service. Despite a challenging macroeconomic environment in Sri Lanka, the bank achieved a 50.3% increase in profit after tax, reaching Rs. 710 million. The bank continued its digital transformation, upgrading its transaction banking platform Union Bank BizDirect and enhancing its mobile banking services. It also maintained a robust capital adequacy ratio of 16.75%, well above regulatory requirements, while continuing its commitment to sustainable banking practices and community development.
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2019
Type: AR2
Pages: 316
Back to company
Union Bank of Colombo PLC
Annual Report
The report highlights Union Bank of Colombo PLC's performance for the fiscal year 2019, marking its 25th year of service. Despite a challenging macroeconomic environment in Sri Lanka, the bank achieved a 50.3% increase in profit after tax, reaching Rs. 710 million. The bank continued its digital transformation, upgrading its transaction banking platform Union Bank BizDirect and enhancing its mobile banking services. It also maintained a robust capital adequacy ratio of 16.75%, well above regulatory requirements, while continuing its commitment to sustainable banking practices and community development.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
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
Workplace Fatalities
Employees