Srilanka, May 15 -- Commercial Bank of Ceylon Group made a characteristically strong start to 2025, recording a healthy profit and balance sheet growth in the first quarter of the year.

Comprising of Sri Lanka's largest private sector bank, its subsidiaries and an associate, the group reported in a filing with the Colombo Stock Exchange that the assets reached Rs.2.999 trillion as at March 31, 2025.

Gross income for the quarter grew by 9.85 percent to Rs.88.10 billion, while interest income improved by 3.14 percent to Rs.72.60 billion. Interest expenses reduced by 10.09 percent to Rs.38.38 billion, as a result of the repricing of liabilities amidst the lower rates regime that prevailed, generating a 23.53 percent growth in net interest...