FINANCIAL CHRONICLE — Commercial Bank of Ceylon in Sri Lanka announced a profit of 17.49 billion rupees for the quarter that concluded on June 30, 2026, reflecting a year-on-year increase of 7.98 percent compared to June 2025.
During this three-month period, the bank achieved basic earnings of 10.41 rupees per share. For the first half of the year, the profit totaled 34.9 billion rupees, which signifies a growth of 13.56 percent over the same timeframe in 2025.
The total gross income for the quarter saw a remarkable rise of 24 percent, reaching 110.16 billion rupees, fueled by consistent growth in primary revenue sources. Net interest income for this period increased by 18.2 percent to 40.88 billion rupees, while net operating income climbed to 46.57 billion rupees.
Notably, the bank achieved a significant milestone during the quarter by becoming the first private sector banking institution in Sri Lanka to surpass the 3 trillion rupee mark in deposits. As of June 30, 2026, total assets stood at 3.74 trillion rupees, which represents a substantial growth of 19.4 percent compared to the previous year.
Gross loans and advances reached 2.36 trillion rupees, highlighting the bank’s crucial role in facilitating financial intermediation. The quality of assets remained strong, with the net impaired loans (Stage 3) ratio improving to 1.38 percent from 1.54 percent at the end of 2025.
The bank’s capital structure is robust, maintaining a total capital ratio of 16.16 percent and reporting a return on equity of 20.28 percent. Additionally, the bank has recently introduced direct PayPal withdrawals for local freelancers and digital professionals, enabling eligible customers to transfer their international earnings directly into their local accounts via the bank’s digital platform.
The stock price at market close increased by 0.99 percent, finishing at 205.00 rupees. (Colombo/Aug14/2026)
