COLOMBO, August 15 2025 (ePRESS) – The Commercial Bank of Ceylon has made history by becoming the first private sector bank in Sri Lanka to cross Rs. 3 trillion in assets, a milestone reached in the second quarter of 2025 following strong growth in key financial indicators.
In a filing to the Colombo Stock Exchange, the Group – which includes the country’s largest private bank, its subsidiaries, and an associate – reported total assets of Rs. 3.13 trillion as of June 30, up Rs. 255 billion or 8.88% in six months. The Bank’s own assets grew by Rs. 242 billion or 8.66% to Rs. 3.03 trillion over the same period.
Group gross income for the first half rose 8.53% to Rs. 177.04 billion, with interest income up 5.31% to Rs. 146.65 billion. Lower interest expenses, down 3.48% to Rs. 77.84 billion, helped lift net interest income by 17.39% to Rs. 68.81 billion. Total operating income increased 20.06% to Rs. 92.76 billion, while impairment provisions and other losses fell sharply by 40.41% to Rs. 11.33 billion.
The Group’s pre-tax profit for the second quarter surged 95.94% to Rs. 24.26 billion, while net profit for the three months ending June 30 doubled to Rs. 16.19 billion. For the six months, the Bank posted a pre-tax profit of Rs. 45.24 billion and a post-tax profit of Rs. 30.05 billion, marking growth of 61.47% and 66.05% respectively.
“Our first-half performance has been extremely encouraging. The Bank has emerged stronger than ever and is strategically positioned for sustained growth,” Chairman Sharhan Muhseen said.
Managing Director/CEO Sanath Manatunge noted that the Bank was closely watching global trade developments to support clients facing challenges.
Commercial Bank also retains the highest market capitalisation among banks listed on the Colombo Stock Exchange.
