The Commercial Bank of Ceylon Group has reiterated its leadership in financial intermediation, becoming the first private sector banking group in Sri Lanka to cross the Rs. 3 trillion threshold in deposits, a new performance benchmark established in the second quarter of the 2026 financial year.
The Group’s deposits grew by Rs. 315.13 billion in the six months ending 30th June 2026, at a monthly average of Rs 52.52 billion, to end the first half of the year with deposits of Rs. 3.02 trillion. Over the preceding 12 months, deposits grew by a noteworthy 20.33% at a monthly average of Rs. 42.46 billion.
In the six months reviewed, the Group’s gross loans and advances grew by Rs. 270.43 billion at an average of Rs. 45.07 billion per month, taking the loan book to Rs. 2.36 trillion, underscoring the scale of the Bank’s role in financial intermediation. Lending over the preceding 12 months grew by Rs. 624.48 billion or 36.07% at a monthly average of Rs. 52.04 billion.
Interim financial statements filed with the Colombo Stock Exchange (CSE) report that total assets of the Group grew by 10.68% or Rs. 361 billion since December 2025 to Rs. 3.74 trillion as at 30th June 2026. This reflects an impressive increase of 19.42% or Rs. 608.16 billion over the preceding 12 months.
“As the impacts of global and regional developments continue to take their toll on businesses and economies, our stakeholders can draw confidence from the resilience underscored by the enduring strength of our core banking operations,” Sharhan Muhseen, Chairman of Commercial Bank, commented.
Sanath Manatunge, Managing Director and CEO of Commercial Bank, added: “Our prudential approach of maintaining adequate buffers to cushion the adverse impacts of external factors is evident in our six-month results.”
Comprising Sri Lanka’s largest private sector bank and six subsidiaries, the Commercial Bank Group reported gross income of Rs. 209.16 billion for the six months, an increase of 18.28%. Gross income for the second quarter alone grew by 24.04% to Rs. 110.16 billion. Interest income improved by 17.05% to Rs. 171.65 billion for the six months, and by 19.86% to Rs 88.76 billion for the second quarter, primarily due to the growth of the loan book.
Picture: Sharhan Muhseen, Chairman, and Sanath Manatunge, Managing Director/CEO
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