BOC among top 1000 world banks for 2024

13 August 2024 02:34 am Views - {{hitsCtrl.values.hits}} 8 Bookmark

A A A

Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, announced its inclusion in The Banker magazine’s prestigious list of Top 1000 World Banks for 2024.

The bank been recognised as the only Sri Lankan bank on this list once again in the year 2024. This recognition comes amidst the bank’s 85th anniversary celebrations.

The bank has been a key driver of the country’s economic development, playing a vital role in supporting the nation’s economy and public welfare. Through a range of financial services, BOC has facilitated the growth of businesses, empowered entrepreneurs and supported key sectors such as agriculture, industry and tourism.

With an extensive presence across Sri Lanka, BOC operates over 2,100 touchpoints, including 655 online-connected branches and a widespread network of more than 1,350 ATMs, CDMs and CRMs.

BOC also extends its services internationally, with branches in Chennai, Male, Hulhumale and the Seychelles and a full-fledged banking subsidiary in London.

The Banker magazine, a renowned publication under the Financial Times Group, conducts a rigorous evaluation process annually to compile its Top 1000 World Banks list. The banks are assessed based on a range of performance indicators such as Tier 1 capital, asset quality and profitability.

Comments - 8

Adwani Tuesday, 13 August 2024 09:17 AM

"The Banker magazine, a renowned publication under the Financial Times Group, conducts a rigorous evaluation process annually to compile its Top 1000 World Banks list" Rigorous Evaluation to make money by canvassing which bank wanted to get included in the megazine.

1 3

Jude Tuesday, 13 August 2024 09:32 AM

If politicians and their henchmen settle and pay back their non-performing loans then BOC could be in top 500.

1 2

Mayd Tuesday, 13 August 2024 10:40 AM

Too bad customer service / efficiency is not measured, BoC would probably be in the bottom 1000 ranking for sure thru personal experience

2 6

Ram P Tuesday, 13 August 2024 10:55 AM

The Bank of Ceylon (BoC) has been ranked 1,299th among the world's top banks by Bankers’ Almanac It's a long way to come within the first 1000. If not for the politicians who canvass big loans for their favourite businessmen and later ask the Bank to treat the loans as bad debts, BOC would have done better

1 3

[email protected] Tuesday, 13 August 2024 01:27 PM

Sometimes/most-of-the-time (after pandemic) Guiness records, rankings, timings, reality shows, interviews etc. only for fool and flatter the miracle of Asai. If not mistaken there was only one private local bank ranked within this range earlier.

1 0

Sambo Tuesday, 13 August 2024 11:44 AM

The worst service you can ever expect from a bank is BOC. From the security guards onwards they are a lazy staff.

1 1

N V Jen Tuesday, 13 August 2024 02:04 PM

A top bank those days and the workers come to office in full white, while getting a job was similar to gaining university entrance they say. Alas came Srima's govt. that started filling the places with political appointees and undeserving characters, which started the rot.

1 2

Priyanka withana arachchi Thursday, 15 August 2024 07:15 PM

Bank of Ceylon deserve for this recognition with the accessibility given for all kind of consumers from bottom end to top end and the extended financial inclusivity for Nook and corners of the island.

0 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.