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Gross Income improves by 40.29% to Rs 167.668 Bn. Interest income up 71% to Rs 150.8 Bn, but interest expenses surge 139% to Rs 113.3 Bn. Appreciation of Rupee continues to impact loan book, deposits and assets The Commercial Bank of Ceylon Group has reported gross income of Rs 167.668 billion including a growth in...
Gross Income improves by 40.29% to Rs 167.668 Bn. Interest income up 71% to Rs 150.8 Bn, but interest expenses surge 139% to Rs 113.3 Bn. ...
The Commercial Bank of Ceylon Group’s deposit base has surpassed Rs 2 trillion, a milestone it achieved in the first quarter of 2023 despite the continuing impacts of mercurial exchange rates and market interest rates, and the effects of the economic downturn on multiple sectors of business. The
Income grows 71% to Rs 280.4 Bn. for the year and 94% to Rs 84.8 Bn. in Q4 Record impairment provisioning for the year – up 186% to Rs 71.9 Bn.; Rs 46.8 Bn. increase for 2022 for US$ denominated Government Securities and Stage 2 & 3 loans Assets approach Rs 2.5 Tn., recording a growth of
The Commercial Bank of Ceylon Group has posted a strong operational performance in the first nine months as well as in the third quarter despite the continuing adverse effects of macroeconomic variables which have necessitated a tripling of impairment provisions for the nine months ended 30th September 2022 and reduced profits for the quarter as […]