Exchange profits of the Group rose 27 percent to 443 million rupees in the June quarter.
"The continued momentum of its fund-based operations have generated strong growth for the Commercial Bank Group enabling (it) to post exceptional pre- and post-tax profits for the first half of 2007," the bank said in a statement.
The post-tax profit of the Group in the first half of the year grew 44.41 percent to 2,173 million rupees.
"Notably, post-tax profit for the second quarter of the current year too surpassed the one-billion rupee mark, the second successive time that the Group has notched up a billion rupees in post-tax profit for a three-month period."
Commercial Bank’s Senior Deputy General Manager Finance and Planning, Ranjith Samaranayake said the rate of post-tax profit growth was higher than the growth achieved in pre-