Union Bank of Colombo PLC 2022 AR2
The report highlights Union Bank of Colombo PLC's financial and sustainability performance for the fiscal year 2022. Despite severe macroeconomic challenges in Sri Lanka, the bank maintained a robust capital position with a Total Capital Ratio of 18.26% and grew its deposit base by 11%. On the environmental front, the bank's paperless and recycling initiatives saved 460 trees, 818,018 liters of water, and 102,960 kWh of electricity. The bank also implemented an Environmental and Social Risk Management Policy under its Development Financing division and secured an Asian Development Bank funding line to support women entrepreneurs and tea smallholders.
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2022
Type: AR2
Pages: 324
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Union Bank of Colombo PLC
Annual Report
The report highlights Union Bank of Colombo PLC's financial and sustainability performance for the fiscal year 2022. Despite severe macroeconomic challenges in Sri Lanka, the bank maintained a robust capital position with a Total Capital Ratio of 18.26% and grew its deposit base by 11%. On the environmental front, the bank's paperless and recycling initiatives saved 460 trees, 818,018 liters of water, and 102,960 kWh of electricity. The bank also implemented an Environmental and Social Risk Management Policy under its Development Financing division and secured an Asian Development Bank funding line to support women entrepreneurs and tea smallholders.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Feb 23, 2023
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