ComBank creates history in Q2 as the first private sector bank with assets of three trillion rupees

The Commercial Bank of Ceylon has surpassed three trillion rupees in assets, a milestone achieved in the second quarter of 2025.

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This growth is attributed to strong performance in key indicators for the six months ending June 30, 2025. The Group reported total assets of 3.13 trillion rupees, while the Bank's assets grew to 3.03 trillion rupees, an increase of 255 billion rupees over six months. Group gross income grew by 8.53 percent to 177.04 billion rupees, with interest income up 5.31 percent to 146.65 billion rupees. Interest expenses decreased by 3.48 percent to 77.84 billion rupees, leading to a net interest income rise of 17.39 percent to 68.81 billion rupees. Total operating income increased by 20.06 percent to 92.76 billion rupees, while provisions for impairment charges fell by 40.41 percent to 11.33 billion rupees, largely due to last year's additional provisioning for Sri Lanka International Sovereign Bonds. Net operating income for the six months grew by a robust 39.81 percent to 81.43 billion rupees. Curtailing operating expense growth to just 5.62 percent to 25.84 billion rupees improved operating profit before taxes on financial services by 64.57 percent to 55.59 billion rupees.