ComBank Group takes deposits past Rs. 3 Tn. threshold in solid 6-month performance
- Loan book grows by Rs. 270.4 Bn. in 6 months to Rs. 2.36 Tn.
- Total assets up by Rs. 361 Bn. to Rs 3.74 Tn.
- 6-month gross income crosses Rs. 200 Bn.
- Prepares for impacts of global volatility with prudent impairment provisions
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,” Mr Sharhan Muhseen, Chairman of Commercial Bank commented. “We continue to refine our projections and strategic responses to the evolving challenges while remaining firmly anchored to our strategic vision and steadfast in our commitment to delivering lasting value to our customers, stakeholders and the wider community we serve.”
Mr 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. This includes an increase in impairment provisioning, noticeably in respect of the second quarter. While our heightened emphasis on risk management is dictated by the volatile global economic landscape, we remain well positioned to support our customers through the turbulence.”
