2 weeks Ago By malinga
The Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, which was awarded the prestigious title of ‘ Bank of the Year Sri Lanka 2024’ by The Banker magazine, a leading publication from the Financial Times Group in the United Kingdom is looking at rapid expansion both locally and overseas. Chairman of the Bank of Ceylon, Kavinda de Zoysa told Daily News Business that they are looking at strengthening their digital network and would also look at overseas expansions. “We are looking at the African region,” he said.
Notably, BOC also received this coveted award in 2021 and 2023, highlighting its continued excellence. Moreover, BOC has achieved the remarkable distinction of being the only Sri Lankan bank listed in Top 1000 World Banks 2024. This recognition is based on a rigorous evaluation process by The Banker magazine among banks in 127 countries.
Amid global economic challenges and domestic financial instability, BOC has showcased exceptional resilience. Its strategic initiatives and prudent financial management have ensured sustainable performance. “Being named Bank of the Year Sri Lanka 2024 by The Banker magazine UK is a tremendous honor that reaffirms our financial strength, innovative strategies, and commitment to excellence.
In addition, we are proud to be the only Sri Lankan bank listed among the Top 1000 World Banks for 2024.” This prestigious award reflects the unwavering trust of our valued customers and the relentless dedication of our exceptional staff. He also said that during the economic crisis the bank also helped the country, both government and private institutions including some banks to be more stable.
This global recognition underscores our resilience and stature in the international banking community. Together, these milestones inspire us to continue delivering beyond banking solutions and ensuring financial stability for all.” He also thanked the employees from both bottom to top for their contribution towards these successes and said they want more ideas to take the bank even to a higher position.
He also said in the bid to encourage youth and especially start up their BOC Youth Loan Scheme, with credit up to 500,000 with an impressive 7% interest is very popular.” “With the country becoming economically stable we also see a dip in Nonperforming loans.” General Manager/CEO of the Bank of Ceylon Russel Fonseka, added: “This recognition is a tremendous honor for the BOC family.
Having first won this title in 2021 and again in 2023 and 2024, we have worked to uphold this standard of excellence. Our inclusion in the Top 1000 World Banks 2024 showcases our sustained commitment to delivering value and achieving global benchmarks.”.
