ComBank Group’s deposits surpass Rs 2 t in Q1 | Page 2 | Sunday Observer

ComBank Group’s deposits surpass Rs 2 t in Q1

21 May, 2023

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 Group, comprising the bank, its subsidiaries and an associate, has reported noteworthy operational gains for the three months ending March 31, 2023, with gross income up 54.20% to Rs 84.149 billion, interest income growing by 100.65% to Rs 75.939 billion and fee and commission income improving by 35.37% to Rs 7.301 billion compared with the first quarter of 2022.

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