The Strongest Bank by Balance Sheet in Sri Lanka in 2022 is Commercial Bank of Ceylon

The bank maintained the strongest liquidity buffers among the Sri Lankan banks on the list. Its liquid assets to total deposits and borrowings ratio stood at 28.5%, higher than the average of 11.6% in the country. Its CASA ratio improved from 42.7% in 2020 to 47.8%, which was among the highest in the country.

Meanwhile, the emphasis on controlling operational expenses enabled the bank to lower its cost to income ratio from 40.2% in 2020 to 38.1%, the second lowest in the country. In addition, its ROA was higher at 1.3% in 2021, compared with 1.1% in the previous year. These, together with the improvement in asset quality and sound capital buffers, helped boost the bank’s balance sheet strength.

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