Union Bank of Colombo PLC 2023 IR
The report highlights Union Bank of Colombo PLC's performance for the fiscal year 2023, marked by its first integrated annual report and a strategic acquisition by CG Capital Partners Global Pte. Ltd. The bank achieved a profit before all taxes of LKR 1,392 million, representing a 76.6% increase over the previous year, and maintained a strong capital adequacy position with a Total Capital Ratio of 18.22%. Key digital milestones included upgrading the UBgo mobile app and expanding the Agent Banking Network to 1,047 agents. On the sustainability front, the bank extended LKR 715 million in credit under sustainable finance and saved 103 trees through environmental initiatives.
Company: Union Bank of Colombo PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2023
Type: IR
Pages: 336
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Union Bank of Colombo PLC
Annual Report
The report highlights Union Bank of Colombo PLC's performance for the fiscal year 2023, marked by its first integrated annual report and a strategic acquisition by CG Capital Partners Global Pte. Ltd. The bank achieved a profit before all taxes of LKR 1,392 million, representing a 76.6% increase over the previous year, and maintained a strong capital adequacy position with a Total Capital Ratio of 18.22%. Key digital milestones included upgrading the UBgo mobile app and expanding the Agent Banking Network to 1,047 agents. On the sustainability front, the bank extended LKR 715 million in credit under sustainable finance and saved 103 trees through environmental initiatives.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
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