ComBank ends tough 2020 with 'platform for growth' –

ComBank ends tough 2020 with 'platform for growth' – The Island


Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the most challenging years on record, have enabled the Commercial Bank of Ceylon Group to end 2020 on a stable platform for growth, with better liquidity than most peers and adequate provision cover.
The Group, comprising of Sri Lanka’s benchmark private bank, its subsidiaries and an associate, has reported Gross income of Rs 151.966 billion for the year ending December 31, 2020, which although a marginal improvement over the preceding year, included net interest income of Rs 50.869 billion for the full year and Rs 14.073 billion for the last quarter alone, representing growths of 5.20% and 17.93% respectively.

Related Keywords

Sri Lanka , Ceylon , , Ceylon Group , Commercial Bank , ஸ்ரீ லங்கா , சிஇஒய்எல்ஓஎன் , சிஇஒய்எல்ஓஎன் குழு , வணிகரீதியானது வங்கி ,

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