Friday, 23 August 2024 10:16

ComBank leads home loan market with Rs. 73 billion support Featured

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The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home Loans’ sector.

The bank has announced that its home loans portfolio grew to Rs. 72.965 billion as at 31 March 2024, and achieved the number 1 place.

Notably, Commercial Bank is the first private sector bank to become the market leader for home loans in Sri Lanka.

Commenting on this latest milestone, Commercial Bank Deputy General Manager – Retail Banking and Marketing Hasrath Munasinghe said: “One of the strongest bonds in banking is the one between home builders and the banks that support their aspirations.

This is a key focus area for us, and the Bank has developed multiple lending options for this segment, generating steady growth in its home loans portfolio despite the challenging economic environment.”

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