Union Bank of Colombo PLC 2023 AR2
The report highlights Union Bank of Colombo PLC's financial and sustainability performance for the fiscal year 2023, marking its first integrated annual report. Key achievements include a 76.62% increase in profit before all taxes to LKR 1,392 million and a healthy total capital adequacy ratio of 18.22%. The bank successfully expanded its digital footprint, upgrading its UBgo mobile app and driving adoption of the BizDirect cash management solution. Additionally, Union Bank demonstrated its commitment to sustainability by extending LKR 715 million in credit under sustainable finance and saving 103 trees.
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2023
Type: AR2
Pages: 336
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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 2023, marking its first integrated annual report. Key achievements include a 76.62% increase in profit before all taxes to LKR 1,392 million and a healthy total capital adequacy ratio of 18.22%. The bank successfully expanded its digital footprint, upgrading its UBgo mobile app and driving adoption of the BizDirect cash management solution. Additionally, Union Bank demonstrated its commitment to sustainability by extending LKR 715 million in credit under sustainable finance and saving 103 trees.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
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