Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the most challenging years on record, have enabled the Commercial Bank of Ceylon Group to end 2020 on a stable platform for growth, with better liquidity than most peers and adequate provision cover.
The Group, comprising of Sri Lanka’s benchmark private bank, its subsidiaries and an associate, has reported Gross income of Rs 151.966 billion for the year ending December 31, 2020, which although a marginal improvement over the preceding year, included net interest income of Rs 50.869 billion for the full year and Rs 14.073 billion for the last quarter alone, representing growths of 5.20% and 17.93% respectively.
Comm Bank Group's operating income up 13.3-pct: Total assets grow 25-pct – Lanka Business Online lankabusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankabusinessonline.com Daily Mail and Mail on Sunday newspapers.