Sri Lanka, March 3 -- The Commercial Bank of Ceylon Group reported strong financial results for 2024, as prudent provisioning, effective balance sheet management, and robust lending growth helped cushion the impact of losses from the restructuring of Sri Lanka International Sovereign Bonds (SLISBs).

In a stock exchange filing, the group noted that despite the substantial SLISB-related loss, its strategic measures contributed to overall resilience and performance.

The Group recognised its full net loss of Rs 45.11 billion, from the restructuring of SLISBs in the final quarter of the year, resulting in gross income for the 12 months ending 31 December 2024 reducing by 19.50 percent to Rs 274.98 billion.

However, a net impairment reversa...