Sri Lanka’s No.1 Bank, the Bank of Ceylon was named as the only "Strongest Bank" in Sri Lanka for the year 2015 by the Asian Banker, in an independent research carried by the region’s most authoritative provider of strategic business intelligence to the financial services community. The announcement was made at a ceremony held in conjunction with SWIFT’s SIBOS convention at Sands Expo and Convention Centre, Marina Bay Sands, Singapore.
The Asian Banker 500 ranking is the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the region. All data are sourced from Central Banks and miscellaneous publications or via informed estimates. The evaluation was based on the balance sheet growth, scale of operations, risk profile, profitability, asset quality and liquidity for the year 2014. The Bank of Ceylon is among the winners, who are Standard Chartered Bank Hong- Kong, HSBC Hong-Kong, Bank of China, DBS Group, West-Pac Banking Corporation-AUS, ANZ Bank New Zealand and May Bank Malaysia.
The Bank of Ceylon closed its 75th year on a magnificently high note in 2014, by recording the highest ever profit before tax (PBT) in the bank’s history as well as in the Sri Lankan banking industry of Rs.20.3 billion, achieving a growth of 29% compared to the previous year. This was the highest profit earned by a single Sri Lankan business entity for the year. Post tax profit stood at Rs. 13.6 billion -a 12% growth. Banks assets grew by 11% to Rs.1.3 trillion for the year 2014.
The Bank has grown enormously in scale and sophistication in both operations and products and services offered over its years. Being true to its title "Bankers to the Nation", the Bank of Ceylon offers banking products to a broader spectrum of customers, from individuals, SMEs to Corporate businesses. BOC has over 1000 customer touch points including, 622 branch network across the country, SME Centres, its own 522 island-wide ATM Network and newest Cash Deposit Machines. With this vast network BOC has been able to provide banking services to a wider customer base of over ten million, coming from all walks of life. The first Sri Lankan Bank to operate its branch overseas BOC London branch was established in 1949 and later converted into a fully owned banking subsidiary. Since then bank’s overseas branch network has been expanded to Male, Chennai and Seychelles. - BoC
www.island.lkThe Bank of Ceylon closed its 75th year on a magnificently high note in 2014, by recording the highest ever profit before tax (PBT) in the bank’s history as well as in the Sri Lankan banking industry of Rs.20.3 billion, achieving a growth of 29% compared to the previous year. This was the highest profit earned by a single Sri Lankan business entity for the year. Post tax profit stood at Rs. 13.6 billion -a 12% growth. Banks assets grew by 11% to Rs.1.3 trillion for the year 2014.
The Bank has grown enormously in scale and sophistication in both operations and products and services offered over its years. Being true to its title "Bankers to the Nation", the Bank of Ceylon offers banking products to a broader spectrum of customers, from individuals, SMEs to Corporate businesses. BOC has over 1000 customer touch points including, 622 branch network across the country, SME Centres, its own 522 island-wide ATM Network and newest Cash Deposit Machines. With this vast network BOC has been able to provide banking services to a wider customer base of over ten million, coming from all walks of life. The first Sri Lankan Bank to operate its branch overseas BOC London branch was established in 1949 and later converted into a fully owned banking subsidiary. Since then bank’s overseas branch network has been expanded to Male, Chennai and Seychelles. - BoC
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