Sri Lanka, March 1 -- Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring
Further accelerates lending with loan book growth of Rs 230 Bn., with approximately half of growth coming in Q4
Net interest income up 36.71% to Rs 118 Bn.
Total taxes triple to Rs 62 Bn.
PBT of Rs 98 Bn. and PAT of Rs 56 Bn.
The Commercial Bank of Ceylon Group, comprising of Sri Lanka's largest private sector bank, its subsidiaries and an associate, in a filing of its annual financial statements with the Colombo Stock Exchange (CSE) has reported an exceptionally strong financial performance in 2024. Prudent provisioning for impairment charges and other losses, effective balance sheet management and strong le...