ComBank Group’s assets cross Rs. 3.5 trillion
View(s):The Commercial Bank of Ceylon PLC and its subsidiaries have become the first private sector banking group in Sri Lanka to exceed Rs. 3.5 trillion in assets, one of several achievements in a milestone-studded first quarter of 2026.
Building on its lending-centred record-breaking performance of 2025, the Commercial Bank Group posted total assets of Rs.3.61 trillion as at end March 2026, a growth of Rs.230 billion or 6.81 per cent over the first three months of the year. Asset growth over the preceding 12 months amounted to Rs.610 billion or 20.34 per cent YoY, the bank said in a media release.
Group profit before tax was Rs.27.63 billion for the three months, a growth of 22.51 per cent. With income tax increasing by 27.84 per cent to Rs.9.70 billion, the group reported net profit of Rs 17.94 billion for the quarter, reflecting a bottom-line growth of 19.80 per cent.
Taken separately, Commercial Bank of Ceylon PLC reported a profit before tax of Rs.26.64 billion and profit after tax of Rs.17.17 billion for the three months, posting YOY growths of 21.76 per cent and 18.46 per cent, respectively.
Commenting on the group’s performance, Sharhan Muhseen, Chairman of Commercial Bank said: “We have made a characteristically strong and well-balanced start to 2026. It is encouraging to see the momentum generated by our clear focus on balance sheet strength and disciplined risk management continuing seamlessly into the new year, which benefits from the strong buffers built in 2025.”
Sanath Manatunge, Managing Director/CEO of Commercial Bank noted that the group achieved strong growth improving provision cover to over 75 per cent, ensuring that the provision levels remain robust and aligned with the risks posed by a volatile global economic landscape, while improving its CASA ratio to more than 40 per cent, the best in the industry.
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