Sri Lanka, Aug. 15 -- The Commercial Bank Group has reported operating profit before impairment charges and taxes of Rs 19.476 billion for the first half of 2019, a 9.45% increase over same period of 2018.

Sri Lanka's benchmark private bank, the Commercial Bank of Ceylon PLC, its subsidiaries and associates recorded gross income of Rs 73.587 billion for the six months ending 30th June 2019, an increase of 13.31% over the figure for the corresponding period of 2018, restated as Rs 64.944 billion in line with the requirements of SLFRS 9 which was implemented from the fourth quarter of that year.

Despite slower loan book growth and an increase in non-performing loans, interest income grew by 12.90% to Rs 64.622 billion. Changes in the deposi...