Union Bank opened its newest branch in Ratnapura on 20th December 2011. The branch was ceremonial opened by Mr. Anil Amarasuriya Director / Chief Executive Officer of Union Bank. Located at No. 109 Main Street Ratnapura it marks the Banks 28th branch highlighting the rapid growth of its network.

As a preferred Bank for the Small and Medium Enterprises and Retail sectors, residents of Ratnapura can now take advantage of the Bank's comprehensive product....

Further highlighting its strong position as one of Sri Lanka's fastest growing Banks, Union Bank reported a noticeable upturn in its performance for the period ended 30 September 2011. The Bank's after-tax Profits improved by 75.4% recording Rs 191.3 Mn up from Rs 109 Mn of period ended 30 September 2010, whilst pre-tax, Profits increased by 37.5% to Rs 304.7 Mn in comparison to the corresponding period of last year. Net Interest Income increased by 190 Mn highlighting a 34.9% increase over the preceding year. Similar growth was also achieved in the Banks core activities. Gross loans and advances...