Commercial Bank of Ceylon Group has become the first private sector banking group in Sri Lanka to surpass Rs. 3 trillion in deposits, capping a strong performance in the first half of 2026.

Group deposits grew by Rs. 315.13 billion in the six months to 30 June 2026, reaching Rs. 3.02 trillion. Gross loans and advances increased by Rs. 270.43 billion to Rs. 2.36 trillion, while total assets expanded by Rs. 361 billion to Rs. 3.74 trillion.

The Group reported gross income of Rs. 209.16 billion for the six months, up 18.28%, while net interest income rose 15.81% to Rs. 79.69 billion. Total operating income increased by 17.85% to Rs. 109.07 billion.

Amid continued global and regional uncertainty, the Group adopted a prudent approach to risk, increasing impairment provisions and other losses by 33.44% to Rs. 14.85 billion. Despite this, profit before tax grew by 13.33% to Rs. 53.05 billion, while profit after tax rose 13.66% to Rs. 35.42 billion.

Commercial Bank Chairman Sharhan Muhseen said the results reflected the resilience and enduring strength of the Group’s core banking operations, while Managing Director and CEO Sanath Manatunge said the Bank remained well positioned to support customers despite external volatility.

Asset quality also improved, with the gross Stage 3 loans ratio declining to 5.32% at end-June from 5.81% at the end of 2025. The Bank maintained strong capital and liquidity buffers, with its Tier 1 Capital Ratio at 13.23% and Total Capital Ratio at 16.58%, both above regulatory requirements.

With deposits, lending and assets continuing to expand, Commercial Bank strengthened its position as Sri Lanka’s largest private sector bank and lender, while maintaining a focus on prudent risk management and sustainable growth.