ComBank wins six top honours at Asian Banking and Finance Awards 2025

THE Commercial Bank of Ceylon has reaffirmed its leadership in Sri Lanka's banking sector with a stellar performance at the Asian Banking and Finance (ABF) Awards 2025, winning six prestigious accolades across the Retail, Wholesale, and Corporate and Investment Banking categories.

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Recognising excellence, innovation, and leadership in financial services, the ABF Awards spotlights outstanding performances in Asia's fiercely competitive banking landscape. Commercial Bank's latest wins further strengthen its standing as a forward-thinking and impact-driven financial institution.

In the Retail Banking category, Commercial Bank was crowned 'Private Bank of the Year - Sri Lanka' and 'SME Bank of the Year - Sri Lanka.' Under Wholesale Banking, the bank was honoured with the titles of 'Sri Lanka Domestic ESG Program of the Year' and 'Sri Lanka Domestic Trade Finance Bank of the Year.' In the Corporate and Investment Banking category, the bank secured the accolades for 'Debt Deal of the Year - Sri Lanka' and 'Equity Deal of the Year — Sri Lanka.'

Winning the 'Private Bank of the Year' award follows an exceptional 2024, in which the bank led its peers across all key financial performance indicators. Profit Before Tax surged by 199.7% to Rs. 95.53 billion, while Profit After Tax rose by 164.3% to Rs. 54.07 billion. Return on Equity improved to 22.06%, reflecting superior shareholder value creation.

Total assets expanded by 8.1% to Rs. 2.79 trillion, net loans and advances grew by 17.5% to Rs. 1.38 trillion —the highest credit growth among private sector banks —and deposits increased to Rs. 2.23 trillion. Asset quality saw marked improvement, with the impaired loans (stage 3) ratio dropping from 5.85% to 2.76%, even as the bank enhanced risk coverage.