Union Bank of Colombo PLC operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Union Bank of Colombo PLC with three other
companies in this sector in Sri Lanka:
Pan Asia Banking Corporation Ltd
sales of 21.67 billion Sri Lanka Rupees [US$120.27 million]
Amana Bank PLC
(7.63 billion Sri Lanka Rupees [US$42.32 million]
of which 57%
was Business Banking), and
Sanasa Development Bank Limited
(13.62 billion Sri Lanka Rupees [US$75.61 million]
of which 80%
During the year ended December of 2018, sales at
Union Bank of Colombo PLC were 16.07 billion Sri Lanka Rupees (US$89.20 million).
increase of 15.7%
versus 2017, when the company's sales were 13.89 billion Sri Lanka Rupees.
This was the fifth consecutive year of sales increases at Union Bank of Colombo PLC
(and since 2013, sales have increased a total of 210%).
Sales of Retail saw an increase
that was more than double the company's growth rate: sales were up
90.7% in 2018, from
1.61 billion Sri Lanka Rupees to 3.06 billion Sri Lanka Rupees.
Union Bank of Colombo PLC also saw significant increases in sales in
Corporate (up 21.6% to 4.10 billion Sri Lanka Rupees)
Not all segments of Union Bank of Colombo PLC experienced an increase in sales in 2018:
sales of Treasury fell 46.8% to 1.26 billion Sri Lanka Rupees.