Banks & Finance · Major Banks
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 191.2B | Rs 60.9B | 36.86 |
| 2024 | Rs 107.1B | Rs 55.7B | 38.44 |
| 2023 | Rs 122.1B | Rs 21.9B | 16.07 |
| 2022 | Rs 136.6B | Rs 24.4B | 19.21 |
| 2021 | Rs 93.6B | Rs 24.3B | 20.15 |
| 2020 | Rs 76.7B | Rs 17.1B | 15.70 |
| 2019 | Rs 67.7B | Rs 17.4B | 16.80 |
Commercial Bank of Ceylon PLC is a licensed commercial bank that provides banking services through a consolidated Group structure and is listed on the Colombo Stock Exchange under the Commercial Banking activity line. The Bank prepares consolidated financial statements for the Group and operates as a provider of banking services in line with applicable regulatory and reporting frameworks. The Group’s operations primarily focus on Sri Lanka while also including material overseas operations, specifically referenced performance of Bangladesh operations and subsidiaries, and other subsidiaries and associates within the Group reporting boundary. The Annual Report describes the Bank’s activities across its Sri Lanka operations and material overseas operations without detailing individual product brands in the supplied text. The Bank publishes an Integrated Annual Report aligned with the International <IR> Framework and emphasises sustainability through its three‑pillar approach (Sustainable banking, Responsible organisation and Community engagement), robust governance, risk management and external assurance over selected financial and sustainability disclosures.
Commercial Bank’s Rs 20 billion Tier 2 debenture was oversubscribed on day one. The shares still change hands at 5.3x P/E, leaving room for a re-rating if earnings resilience persists.
Read the full report (Jul 29, 2026) →Higher than 48% of its last 23 months · 10 of 19 in its sector
16 articles in 30 days: 5 positive, 8 negative, 3 neutral.
Commercial Bank of Ceylon MD/CEO Sanath Manatunge has been appointed Chairman of the Employers' Federation of Ceylon at the organisation's 97th AGM. He succeeds Dinesh Weerakkody, will serve alongside Vice Chairman Dinal Peiris (Lanka Aluminium) and holds other sector leadership roles.
Commercial Bank of Ceylon MD/CEO Sanath Manatunge was appointed Chairman of the Employers' Federation of Ceylon (EFC) at its 97th AGM, succeeding Dinesh Weerakkody for the 2026/27 year.
Commercial Bank of Ceylon Plc's Rs.20 billion Basel III-compliant Tier 2 debenture offer was oversubscribed on opening day, receiving applications for more than 200 million debentures and prompting the bank to close the offer. The bank may issue up to a further 100 million debentures in additional tranches and is awaiting Central Bank approval to include the issue as Tier 2 capital; basis of allotment will be notified to the CSE.
Commercial Bank will open subscriptions on 16 July for up to Rs.20bn of Basel III-compliant subordinated debentures and Sampath Bank will open on 17 July for up to Rs.10bn of Basel III-compliant Tier-2 green bonds. Commercial Bank offers 5/7/10-year series at 13.00–13.25%; Sampath offers 5- and 7-year series at 13% and 13.25%.
Commercial Bank of Ceylon (COMB.N0000) will list Rs20 billion of Basel III-compliant unsecured subordinated debentures at 13.00% and 13.25%; an initial 100 million units at Rs100 each will be offered and subscription opens July 16.
Union Bank CEO Dilshan Rodrigo said SMEs are understating revenues and profits—banks often reconstruct financials and find turnover about 40% higher—hindering cash-flow lending. He urged stronger audit standards, independent SME credit ratings and deeper capital markets for long-term SME finance.
Commercial Bank of Ceylon's proposed LKR20 billion Basel III-compliant subordinated debentures were assigned a final National Long-Term Rating of 'A(lka)' by Fitch. The bank said proceeds will strengthen Tier 2 capital, reduce maturity mismatches and support loan growth; maturities are 5, 7 and 10 years.
Sanath Manatunge, MD/CEO of Commercial Bank, was appointed Chairman of the Employers' Federation of Ceylon at its 97th AGM, with Dinal Peiris of Lanka Aluminium Industries named Vice Chairman. The EFC said it will continue to support labour law reforms and responsible business initiatives.
The CSE added ACL Cables, CIC Holdings and the voting shares of Commercial Bank to the S&P SL20 and removed LB Finance, with the changes effective 22 June.
National Development Bank PLC suffered an internal Rs. 13.2 billion fraud that went undetected, prompting a parliamentary probe that blamed Central Bank oversight failures and drew IMF demands for regulatory and AML/CFT reforms. The Central Bank has retained Deloitte India for a forensic audit with an interim report due in two weeks and a final report by July 18.
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
Auto-generated from 17 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.