BOC, SL’s No.1 bank among top 1,000 banks in the world

World-renowned The Banker Magazine UK 2019 reaffirmed Bank of Ceylon’s (BOC) place among the top 1,000 banks in the world with the country rank number one.

BOC can boast of the financial and operational strength that it has demonstrated throughout the past years as having accounted for this magnificent achievement.  Reaching its 80th anniversary celebrations this year, the bank has come across several notable achievements recently to its credit.

For the past several years the bank has been the highest profit earning single business entity in the country and the only bank to own a balance sheet that boasts three components that are worth over Rs.1 trillion.

Its 2018 financial indicators justify the bank’s achievement in terms of profit before tax of Rs.31.9 billion – highest in the industry, an operating profit of Rs.41.5 billion, assets crossing the Rs.2.0 trillion mark with a 16 percent growth and growth in the loan book by 24 percent, which now stands at Rs.1.5 trillion. This growth in the bank’s balance sheet has not come as a surprise as it has continued to indicate a strong performance over several years.

“Continuing our quest to strive for exceptional performance in all areas of banking, we keep continuing to reach special milestones in the journey, with a steadfast growth. The bank has moved towards modern state-of-the-art banking, exhibiting exceptional financial performance. 

Keeping our momentum of growth in every possible way, we have moved up the list and have yet again affirmed our strength as the country’s number one within the Top 1,000 Bank ranking. Further, I wish to thank our customers and all stakeholders for the trust they have kept on us throughout these years,” said BOC Chairman Ronald C. Perera.

With the pledge to commit itself as ‘Bankers to the Nation’ since its inception, the BOC brand has been evolving with the needs and lifestyle of the Sri Lankan community to provide the financial assistance they require.

The strength of the bank has encouraged many Sri Lankans to reach their aspirations in life in many different ways. BOC has understood that it has to go beyond mere multichannel strategies to approach today’s customer and to deliver the service they expect. 

Therefore, it has developed more agile operating models that are customer-centric and provide profound solutions for all its customers who come from all walks of life with equal importance. “We have been always driven by the motive of bringing the best out through every task we carry out as the leading bank in the country. It is my duty to thank my committed staff for all their hard work that was put in to get achievements such as this,” said BOC CEO and General Manager Senarath Bandara.