MONETABRIEF – Sri Lanka's Commercial Bank of Ceylon, which also has a unit in Bangladesh, has reported profits of 17.2 billion rupees in the June 2026 quarter, up 7.7 percent from a year ago, amid a rise in loss provisions.
Interest income rose 19.6 percent to 88.7 billion rupees, interest expense rose 21 percent to 47.8 billion rupees and net interest income grew 18 percent to 40.8 billion rupees.
Net fee and commission income grew 14 percent to 7.7 billion rupees.
There were trading gains of 4.1 billion rupees, against a loss of 1.5 billion rupees last year.
Sri Lanka's rupee collapsed in 2026, which gives both trading profits and fx grains to banks with net dollar positions.
However bank bond portfolios also suffer when rates are hiked to fix balance of payments problems, though they are not always brought to the income statement.
Commercial bank made loss provisions of 11.6 billion rupees, up from 3.9 billion rupees, most of which had been made in the Sri Lanka unit.
Loans and advances grew 12.7 percent to 2,146 billion rupees in the six months to June 2026.
Deposits grew 11.4 percent to 2,908 billion rupees in rupee terms.
Gross assets grew 10.27 percent to 3,592 billion rupees at bank level and 3,739 billion at group level.
Net assets were up 7.46 percent to 347 billion rupees at bank level and 363 billion rupees, up 7.79 percent at group level. (Colombo/Aug13/2026)