BOC honoured as Bank of the Year Sri Lanka 2024

BOC General Manager/CEO Russel Fonseka presents the prestigious Bank of the Year award to BOC Chairman Kavinda de Zoysa

Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, has been 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. 

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, which highlights the banks that demonstrate growth while maintaining a solid balance sheet, improving service quality, investing in technology and fostering sustainability, both internally and within their communities. For 2024, the awards recognised excellence among banks in 127 countries.

Amid the global economic challenges and domestic financial instability, BOC has showcased exceptional resilience. Its strategic initiatives and prudent financial management have ensured sustainable performance.

BOC Chairman Kavinda de Zoysa said, “Being named Bank of the Year Sri Lanka 2024 by The Banker magazine UK is a tremendous honour 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.”

BOC General Manager/CEO Russel Fonseka added, “This recognition is a tremendous honour 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. This prestigious international award stands as a testament to our unwavering commitment to financial stability, exemplary management practices, trustworthiness, transparency and adherence to the highest standards of good governance.”