Union Bank recorded a 104% increase in profit after tax to LKR 701 million for the nine months ended 30 September 2026, supported by stronger core income and lending growth.
Profit before all taxes rose 48% to LKR 1,744 million, while gross income increased 20% to LKR 15,803 million. Net interest income climbed 27% to LKR 5,039 million, reflecting lending expansion and a continued focus on core banking.
Total operating income grew 9% to LKR 6,438 million, outpacing an 8% increase in operating expenses. Results from operating activities improved 49% to LKR 1,651 million.
The bank’s assets expanded 20% to LKR 207,087 million. Net loans and advances increased 25% to LKR 138,329 million, while customer deposits rose 16% to LKR 138,096 million. The net Stage 3 loans ratio improved to 8%, indicating better credit quality.
Chairman Dinesh Weerakkody attributed the performance to progress in the bank’s transformation, emphasising sustainable growth, sound risk management and stakeholder value.
Director and Chief Executive Officer Dilshan Rodrigo highlighted disciplined execution and continued investment in products, distribution, digital capabilities and service excellence.
Group profit after tax increased 108% to LKR 723 million, incorporating results from UB Finance PLC and National Asset Management Limited.
