Commercial Bank of Ceylon PLC | Annual Report 2025

Personal banking

Highest contributor to the Group in terms of net interest income, net fee and commission income and net operating income.
Total operating income increased by 30.29% to Rs. 81.298 Bn., representing 42.53% of the Group’s figure.
Impairment charges increased by Rs. 4.335 Bn. (58.91%), primarily due to higher impairment provisions recognised as post-model adjustments for customers classified under Stage 1 and Stage 2 who were potentially affected by Cyclone Ditwah. Additionally, impairment charges rows as the Bank prudentially increased provisions for Stage 3 customers.
PBT increased by 46.36% to Rs. 34.390 Bn. representing 37.06% of the Group’s PBT.
Achieved a 39.86% CAGR in PBT over the last five years demonstrating effectiveness of the strategies adopted by the division.
The segment accounted for nearly 30% of the Group’s total assets with an asset base of approximately Rs. 1.0 Tn., which reflected a robust 44.90% YoY increase, primarily driven by notable growth in the loan book during the FY2025.

	2025 Rs. Bn.	2024 Rs. Bn.	Change Rs. Bn.	Change as a %
Net interest income	62.999	48.020	14.979	31.19
Foreign exchange profit	0.625	0.590	0.035	5.93
Net fee and commission income	17.305	13.463	3.842	28.54
Other income	0.369	0.323	0.046	14.24
Total operating income	81.298	62.396	18.902	30.29
Impairment charges and other losses	(11.694)	(7.359)	(4.335)	(58.91)
Net operating income	69.604	55.037	14.567	26.47
Profit before tax	34.390	23.497	10.893	46.36
Segment assets	999.954	690.083	309.871	44.90

Achieved a total operating income of Rs. 29.443 Bn. (14.26% YoY), reflecting diversified strength of the portfolio, fueled by steady net interest income, net fee and commission income, and exchange profit.
Following a net reversal of Rs. 5.432 Bn. in the prior year, impairment provisions increased by 307.55% to reach Rs. 11.274 Bn. in 2025, which was primarily attributable to additional impairment provisions made for a few individually significant customers classified under Stage 3 on a prudential basis.
Accounted for more than one fifth of the assets of the Group, reflecting noteworthy contribution to the Group's assets which was primarily due to a significant loan growth reported during the FY2025.

	2025 Rs. Bn.	2024 Rs. Bn.	Change Rs. Bn.	Change as a %
Net interest income	20.770	18.497	2.273	12.29
Foreign exchange profit	0.828	0.414	0.414	100.00
Net fee and commission income	6.881	6.063	0.818	13.49
Other income	0.964	0.795	0.169	21.26
Total operating income	29.443	25.769	3.674	14.26
Impairment charges and other losses	(11.274)	5.432	(16.706)	(307.55)
Net operating income	18.169	31.201	(13.032)	(41.77)
Profit before tax	12.319	23.230	(10.911)	(46.97)
Segment assets	753.802	561.360	192.442	34.28

Net operating income increased by 23.70% YoY, driven primarily by reversals in impairment following an improvement in the delinquency status of a few large customers.
Highest contributor (33.12%) to the Group in terms of foreign exchange profit amounting to Rs. 4.822 Bn.
The Bangladesh operations of the Bank made a noteworthy contribution of 91.44% of PBT of the international operations with an asset base of 81.77% within the segment.
The segment recorded an asset growth exceeding 22% and accounted for more than 15% of the Group’s assets.

	2025 Rs. Bn.	2024 Rs. Bn.	Change Rs. Bn.	Change as a %
Net interest income	25.513	25.113	0.400	1.59
Foreign exchange profit	4.822	9.295	(4.473)	(48.12)
Net fee and commission income	3.203	2.828	0.375	13.26
Other income	0.957	0.168	0.789	469.64
Total operating income	34.495	37.404	(2.909)	(7.78)
Impairment charges and other losses	1.899	(7.983)	9.882	123.79
Net operating income	36.394	29.420	6.974	23.70
Profit before tax	28.699	21.723	6.976	32.11
Segment assets	531.120	432.486	98.634	22.81

Foreign exchange profit recorded a substantial increase, amounting to Rs. 4.190 Bn. and contributed 28.78% to the Group’s income from foreign exchange profit. This strong result was primarily driven by favorable net revaluation gains arising from foreign currency (FCY) balance sheet exposures.
Other income of Rs. 2.975 Bn. represented highest (44.66%) within the Group, was mainly earned from net gains/(losses) from capital gains recorded from the sale of government securities.
The Group’s largest contributor to the asset base, totaling 1.028 Tn. is primarily supported by a high-quality, diversified portfolio comprising government securities and placements. Total assets of the segment declined compared to the previous year due to the strategic reallocation of funds from treasury investments to the loan book in order to fund the accelerated loan growth.

	2025 Rs. Bn.	2024 Rs. Bn.	Change Rs. Bn.	Change as a %
Net interest income	19.777	17.362	2.415	13.91
Foreign exchange profit	4.190	(0.770)	4.960	644.16
Net fee and commission income	(0.009)	0.007	(0.016)	(228.57)
Other income	2.975	(40.649)	43.624	107.32
Total operating income	26.934	(24.051)	50.985	211.99
Impairment charges and other losses	(1.812)	72.914	(74.726)	(102.49)
Net operating income	25.122	48.863	(23.741)	(48.59)
Profit before tax	20.106	39.898	(19.792)	(49.61)
Segment assets	1,027.963	1,183.390	(155.427)	(13.13)

PBT grew to Rs. 1.042 Bn., representing a 63.07% growth over the FY2024. This performance was largely underpinned by the notable contribution from Commercial Development Company PLC (CDC) and CBC Finance PLC.
Income generated from outsourcing services, utility services, and vehicle hiring contributed positively to the overall revenue growth of CDC, which resulted in over 35% contribution of profit of the segment.
Achieved a 49.81% growth in NII (Rs. 1.570 Bn.), supported by a noteworthy contribution from CBC Finance PLC through business expansions.

	2025 Rs. Bn.	2024 Rs. Bn.	Change Rs. Bn.	Change as a %
Net interest income	1.570	1.048	0.522	49.81
Foreign exchange profit	0.004	0.001	0.003	300.00
Net fee and commission income	0.776	0.489	0.287	58.69
Other income	2.584	1.993	0.591	29.65
Total operating income	4.934	3.532	1.402	39.69
Impairment charges and other losses	(0.235)	(0.240)	0.005	2.08
Net operating income	4.698	3.291	1.407	42.75
Profit before tax	1.042	0.639	0.403	63.07
Segment assets	38.998	21.099	17.899	84.83