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BANK OF CEYLON

Jan 20, 2020 351

HISTORY:

The saga of the Bank of Ceylon (BOC) began on August 1, 1939 under the Bank of Ceylon Ordinance No. 53 of 1938, Ceylon Governor Sir Andrew Caldecott declared open the first office of the first state commercial bank of Sri Lanka Fort, Colombo.BOC is a licensed commercial bank established under Banking Act No. 30 of 1988. The registered office is at No. 01, BOC Plaza, Bank of Ceylon Mawatha, Colombo 01, Sri Lanka. Seven decades of glorious existence, the Bank is firmly ingrained as Sri Lanka's premier financial services organization offering a wide range of services consisting of commercial banking, commercial finance, development financing, mortgage financing, leasing finance, banking Investment, business financing, Securities, brokerage of pawns, credit card facilities, offshore banking, foreign currency operations and other financial services. BOC has the leading position in its assets, deposits and remittances in foreign currency. As Bankers of the Nation, BOC reached all citizens of the country through its largest network of more than 627 branches connected online. BOC ATM network over 551 in numbers, serving people 365 days 24 hours in all 25 districts of the country. The Bank has 13 Dependent Companies and 5 associates in its group structure.BOC diversified its operations in the UK by modernizing its first overseas branch, London branch to a full-service bank operating as a subsidiary of BOC called Bank of Ceylon UK Ltd. BOC operates in 03 locations abroad , Namely Maldives, Chennai and Seychelles. 2 ATMs are located in Maldives.

BOC represents the highest global network with more than 865 correspondents and foreign exchange companies. To serve the country's migrant communities, we have expanded our services through our representatives in exchange offices in Qatar, UAE, Kuwait, Bahrain, Oman, Israel, Jordan, Italy, South Korea, France and Japan.BOC became No. 1 brand in the country for the 8th consecutive year with a brand value of Rs.41.0 million in 2016 and qualified by Brand Finance Lanka. M / s Fitch Ratings Lanka has improved BOC's outlook from stable and has simultaneously affirmed its long-term national rating AA + (lka), reflecting the Bank's solid financial profile in terms of capital base, profitability and quality of assets. Which is the highest credit rating issued by ICRA Lanka. The Bank of Ceylon was named the country's strongest bank by 2015 by the prestigious "The Asian Banker" and gained worldwide recognition as one of the world's top 1,000 banks, by The Banker Magazine (UK) respectively In 2012, 2013, 2014 and 2015. The Bank of Ceylon won the Gold Award at the National Ceremony of Business Excellence (NBEA) 2015 with five other "Winner" awards. The Bank was awarded its award as the only Sri Lankan brand recognized as one of the best Asian brands in 2013 offered by the Council of Marketing Directors (CMO Council) based in Mumbai, India.

By attracting and maintaining public confidence in the institution, especially as it is a state-owned enterprise and the central and dominant role of the Bank in the Sri Lankan economy, it carries substantial influence and leadership on many policy issues and Practice, Strategy to be in line with the best practices in matters of Corporate Governance. Bank complied with the laws and regulations on corporate governance as the critical success factor of a sound control environment and improved operational efficiency and improved brand image. As the leading commercial and governmental bank of Sri Lanka, BOC make a significant contribution through sustainable financing philanthropic and social investments While building a healthy business for the benefit of all our interest groups.

CHAIRMAN:  Mr. Ronald C Perera

Executive Director:  Mr. S. R. Attygalle