ComBank creates history in Q2 as first private sector bank with assets of Rs. 3 t

Group deposits surpass Rs. 2.5 t mark

- 

Loan book grows by Rs. 206 b in six months to Rs. 1.73 t; disbursements average Rs. 34.33 b per month Group net interest income up 17.39% to Rs. 68.81 b Improves NIM and CASA Total taxes increase by over 60% for six months to Rs. 24.42 b

THE Commercial Bank of Ceylon has become the first private sector bank in Sri Lanka to surpass Rs. 3 trillion in assets, a milestone achieved in the second quarter of 2025 on the back of solid growth in key indicators at Group and Bank level in the six months ending 30 June 2025.

Comprising Sri Lanka's largest private sector bank, its subsidiaries, and an associate, the Group reported in a filing with the Colombo Stock Exchange (CSE) that Group assets totalled Rs. 3.13 trillion, and Commercial Bank's assets reached Rs. 3.03 trillion at the end of the period reviewed, growing by Rs. 255 billion (8.88%) and Rs. 242 billion (8.66%), respectively, over six months.

Group gross income for the six months grew by 8.53% to Rs. 177.04 billion, while interest income improved by 5.31% to Rs. 146.65 billion.

Interest expenses reduced by 3.48% to Rs. 77.84 billion, resulting in net interest income growing by 17.39% to Rs. 68.81 billion.

Total operating income increased by 20.06% to Rs. 92.76 billion, while the Group's provisions for impairment charges and other losses declined by 40.41% to Rs. 11.33 billion. This reduction was primarily due to the previous year's figure including an additional provisioning for the Sri Lanka International Sovereign Bonds (SLISBS) held by the bank.

Consequently, net operating income for the six months grew by a robust 39.81% to Rs. 81.43 billion. Curtailing operating expense growth to just 5.62% at Rs. 25.84 billion resulted in operating profit before taxes on financial services improving by 64.57% to Rs. 55.59 billion.