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Union Bank welcomes Alex Lovell as the new Chairman
Union Bank of Colombo PLC (UBC) is pleased to announce the appointment of Mr. Alexis Indrajit Lovell as the new Chairman and Mr. Asoka de Silva as the new Deputy Chairman of UBC with effect from 01 May 2012 consequent to Mr. Ajita de Zoysa former Chairman relinquishing his services after serving a period of 09 years keeping in line with the requirements of the Corporate Governance Direction of the Central Bank of Sri Lanka.

Under the stewardship of the former Chairman Mr. Ajita de Zoysa, UBC’s transformation from a small player in 2003 to a prominent dynamic player within the industry by 2012 has been remarkable, the Bank said in a statement paying tribute to De Zoysa. From 2003 to 2012, UBCs total asset base grew from a mere Rs. 3.6 Billion to Rs.26 Billion. Net assets which recorded a negative figure of Rs 173 million in 2003 have been converted to a positive of Rs. 5.2 billion.From a loss making status in 2003 April, UBC has continuously recorded growth in profitability and posted a net profit of Rs 308 Million in the financial year 2011. UBC has a BBB/P3 rating with long term outlook stated as stable by RAM Ratings (Lanka) Ltd and was also selected to the leading corporate........
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Product News - 9% Interest on your Union Bank Savings Account!
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Union Bank group pre-tax profit up by 28%
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 31st March 2012.

The Bank’s operating Profit before VAT and corporate tax improved by 21.4 % recording Rs 142.7 Mn up from Rs 117.5 Mn of period ended 31st March 2011. Net Interest Income increased to 295.7 Mn highlighting a 24.6% increase over the preceding year. Similar growth was also achieved in the Banks core activities. Gross loans and advances increased by 11.9%...

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The Highest Rate of interest for your ONE YEAR FIXED DEPOSITS
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Union Bank adds Horana and Badulla to its rapidly expanding branch network
Union Bank of Colombo PLC (UBC) added 02 new branches to its rapidly expanding branch network when it opened its Horana and Badulla branches on 30th March 2012 offering the people of Horana and Badulla a range of innovative financial solutions focusing on Small and Medium enterprises and Retails sectors.

Union Bank’s 31st branch located at No.41, Panadura Road, Horana was ceremonially opened by UBC Chairman Ajita de Zoysa in the presence of members of ....



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March 2012
Union Bank Newsletter
Volume 10
 
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Union Bank branches conduct marketing campaign for Ultra Saver
Union Bank Mannar Branch ranked top at Western Union local promotion
Kadawata Mega Campaign
Union Bank in Wennappuwa with Fixed Deposits paying highest rate of interest.
Union Bank swarms Moratuwa with Fixed Deposits paying highest rate of interest.


* Subject to change
Events
   
  Vesak Dansala
  In commemoration of the Vesak festival, Union Bank Sports club organized a Vesak Dansala on 06th May 2012 at Head Office premises. Management and staff....
  Union Bank at the Jaffna International Trade Fair.
  Union Bank of Colombo PLC participated at the Jaffna International Trade Fair 2012, organized by the Federation of Chambers of Commerce and Industry......
 
Staff News
 
 
Chaya elected as Assistant Secretary of the Association of Compliance Officers of Banks
Sevwandi weds Eranga
Rajith weds Shamika
Kalpa weds Imali
Outward bound training for staff
Ruwan weds Shanika


 
 
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