ComBank wins 2 Euromoney Awards for Excellence 2025

• Recognised as Sri Lanka’s Best Bank and Best Bank for SMEs for outstanding financial performance and SME sector support

Commercial Bank of Ceylon has been honoured with two of the most prestigious accolades at Euromoney Awards for Excellence 2025, reaffirming its position as the leading private sector bank in Sri Lanka. 

The bank was named Sri Lanka’s Best Bank and Best Bank for SMEs, in recognition of its exceptional achievements in financial performance, digital leadership and its pivotal role in empowering the country’s small and medium enterprises.

In naming Commercial Bank the Best Bank in Sri Lanka, Euromoney commended the bank’s ability to deliver exceptional financial and digital performance against the backdrop of a gradually recovering national economy.

The magazine noted that in 2024, Commercial Bank achieved a near 200 percent increase in profit before tax, rising to Rs.95.54 billion. from Rs.31.88 billion the previous year. Profit after tax grew by 164 percent to Rs.54.07 billion, while the bank’s return on equity climbed to 22.06 percent, the highest among Sri Lanka’s private sector banks.

Euromoney also highlighted the bank’s success in improving asset quality, noting a significant reduction in its impaired loans ratio to 2.76 percent in 2024, down from 5.85 percent the previous year. The bank further strengthened its market position, expanding its market share in total assets to 13.16 percent, up from 12.65 percent, while the share of deposits grew to 12.90 percent, from 12.54 percent. 

On the digital front, Euromoney praised Commercial Bank’s leadership in innovation. By November 2024, ComBank Digital served over 1.5 million users, facilitating more than five million transactions per month. The bank achieved a 45 percent digital adoption rate, recording 48 million customer interactions during the year.