Cargills Bank PLC (CBNK) formerly known as Cargills Agriculture and Commercial Bank Limited incorporated in 2011, while gaining status as a licensed commercial bank in 2014, the bank obtained a listing in 2024. CBNK posted a PAT of LKR 162mn in 1Q 2025 (+249% YoY), driven by lower impairment provisions and higher gains from the derecognition of financial assets. CBNK trades at a PBV of 0.7x on a NAVPS of LKR 12.71 as of 31st March 2025, at a CMP of LKR 8.60. The TTM and annualized PE ratios stand at 10.6x and 15.9x, based on a TTM EPS of LKR 0.81 and an annualized EPS of LKR 0.69, respectively.