Banks & Finance · Finance/Rental/Leasing
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 1.5B | Rs 111.8M | 0.04 |
| 2025 | Rs 1.1B | Rs 40.0M | 0.01 |
| 2024 | Rs 883.5M | Rs 1.5M | 0.00 |
| 2023 | Rs 840.4M | Rs -113.5M | -0.04 |
No dividend records.
UB Finance PLC is a licensed finance company in Sri Lanka providing asset-backed financing to retail and SME customers. The company is licensed by the Monetary Board of the Central Bank of Sri Lanka and offers a range of secured lending and deposit products. Its core activities include secured retail and SME lending, leasing, mortgage and real estate financing, and gold-backed loan solutions, supported by a deposit-taking business and fee-based services. The company has emphasised credit recovery, portfolio quality, and digital transformation, and has implemented governance and IT arrangements in coordination with its parent, Union Bank of Colombo PLC (UBC), and external technology partners. UB Finance operates within Sri Lanka and focuses on serving retail and small-to-medium enterprise segments through branch and digital channels, while maintaining regulatory compliance under the Finance Business Act and related Central Bank directives.
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Union Bank of Colombo (UBC.N0000) reported 1H 2026 PBT of Rs. 881 million, up 84% y/y, and PAT of Rs. 587 million, up 134%; gross income rose 19% to Rs. 10,139m and total assets grew 15% to Rs. 199,283m.
Union Bank of Colombo reported PBT of LKR 881 Mn in 1H 2026 (up 84% YoY) and PAT of LKR 587 Mn (up 134% YoY). Group PBT was LKR 997 Mn, total assets rose 15% to LKR 199,283 Mn, and income included LKR 249 Mn from sale of shares in subsidiary UB Finance.
Fitch says Sri Lanka's central bank tighter capital rules for gold-backed loans (10% risk weight for LTV<70% from 1 Sep) will be manageable for banks but hit finance companies harder; Asia Asset Finance, L B Finance, UB Finance, HNB Finance and MBSL face the largest capital impacts.
Fitch says Sri Lanka’s new risk weights for gold loans (10% for <70% LTV; 40% for 70–100% LTV; 100% for >100% LTV) will raise average risk density to ~12% for banks and ~26% for finance firms and could cut finance companies’ Tier‑1 ratios by ~1pp to a little over 5pp, with Asia Asset Finance most affected.
Fitch says the CBCSL directive raising risk weights on gold-backed loans will raise average risk density to ~12% for rated banks and ~26% for finance companies, cutting banks' CET1 by ~2–35bp and finance companies' Tier‑1 by about 1pp–>5pp. Asia Asset Finance, L B Finance, UB Finance, HNB Finance and MBSL are singled out as most affected.
Union Bank of Colombo (UBC.N0000) reported 1Q 2026 PBT of Rs. 465m (up 260%) and PAT of Rs. 334m (up 570%). Gross income rose 24% to Rs. 4.9bn with NII of Rs. 1,649m; sale of UB Finance shares added Rs. 213m and a Rs. 3bn debenture strengthened Tier II capital.
Union Bank of Colombo reported 1Q2026 PBT of LKR 465 million (up 260%) and PAT of LKR 334 million (up 570% y/y). Gross income rose 24% to LKR 4.9bn, total assets grew 9% to LKR 188.7bn, and LKR 213m of other income came from the sale of shares in subsidiary UB Finance.
Union Bank of Colombo reported group Profit Before Taxes of Rs.2.2 billion for FY2025 and doubled PAT to Rs.660 million. Gross income rose to Rs.18.2bn, NII Rs.5,638mn, net loans up 36% to Rs.110.8bn, deposits up 15% to Rs.118.8bn and total capital ratio 13.2%.
Union Bank of Colombo reported group Profit Before All Taxes of LKR 2.2 Bn and doubled PAT to LKR 660 Mn in FY2025. Net loans rose 36% to LKR 110.8 Bn, deposits grew 15% to LKR 118.8 Bn, total assets increased 19% to LKR 184.8 Bn and capital ratio was 13.2%.
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
Auto-generated from 17 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.