The Commercial Bank of Ceylon has made history by becoming the first private sector bank in Sri Lanka to surpass Rs. 3 trillion in assets, reaching Rs. 3.03 trillion in the second quarter of 2025. The Group’s total assets stood at Rs. 3.13 trillion as at 30 June, reflecting strong growth across key financial indicators.
For the first half of 2025, Group gross income rose 8.53% to Rs. 177.04 billion, while net interest income grew 17.39% to Rs. 68.81 billion. Reduced impairment charges led to a 39.81% increase in net operating income to Rs. 81.43 billion, with pre-tax profit up 60.77% to Rs. 46.81 billion and net profit climbing 64.90% to Rs. 31.17 billion.
Gross loans and advances grew 13.5% to Rs. 1.73 trillion, while deposits crossed Rs. 2.5 trillion, up 8.66%. Asset quality improved, with the impaired loans ratio dropping to 2.27%. The bank’s Tier 1 capital ratio stood at 14.48% and total capital ratio at 18.06%, well above regulatory minimums.
Chairman Sharhan Muhseen and MD/CEO Sanath Manatunge credited the results to agility, prudent judgement, and a focus on core banking growth, positioning the bank for sustained expansion.
ComBank remains the largest private sector lender, a leader in SME financing and digital banking, the first 100% carbon-neutral bank in Sri Lanka, and holds the highest market capitalisation among banks on the CSE. It operates the widest international network among Sri Lankan banks, with operations in Bangladesh, Maldives, Myanmar, and the UAE.
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