The Bank of Ceylon (BOC) recorded a significant achievement in its 81-year journey in the Sri Lankan banking and finance industry by reaching the brand value of Rs. 53 billion and continuing to lead as the “No. 1 Banking Brand in Sri Lanka” for the 13th consecutive year.
BOC is a hallmark for trust and the stability in the Sri Lankan banking and finance industry. Being a state sector institution, BOC has clearly become a role model as a responsible corporate citizen in Sri Lanka. It has not only proven its financial strength but also demonstrated its commitment to serve the needs of the nation especially during crises such as the Covid-19 pandemic.
“It is the bank’s utmost priority to sustain its growth together with all communities and the bank pays due attention to the overall socioeconomic progress of the country. The bank acts as a key financier for Sri Lankan businesses, ranging from start-ups to well-established corporates, driving economic growth. BOC’s financial strength and operational capacity enables us to set the direction for the banking and financial services industry in the country. And we will ensure that we maintain the integrity of the country’s banking sector through stringent measures, while taking the lead in economic revival, through SME (small and medium enterprises) and local entrepreneurship development. We wish to share this achievement with all our valued stakeholders and look forward to expanding our value creation for our nation,” stated BOC Chairman Kanchana Ratwatte.
Commenting further Ratwatte added: “Aligning itself with the Government’s initiatives to counter the socioeconomic downturn in Sri Lanka, BOC recorded the highest disbursement under the ‘Saubagya’ working capital loan scheme of 18,589 facilities, worth Rs. 39.1 billion, while moratorium facilities were valued at over Rs. 589.4 billion. While posting robust results, we also achieved the highest reported industry profit for the year 2020 of Rs. 23.6 billion (PBT [profit before tax]). Our inward remittances also recorded $ 2.8 billion for the same year. We intend to lead the way through innovation and keep a keen insight into the aspirations of people as always. With this strategy, we were able to face the economic turmoil with a renewed sense of purpose and strategies to aid thousands of individuals and businesses across the country to survive these challenging times. Our efforts to explore new avenues, with innovative HR (human resource) and IT solutions to serve customers were fruitful.”
Through multiple channels and its multifaceted nature, the bank has served its customers through a diverse range of products and services. From its very first branch established in Colombo Fort, BOC has expanded its reach to a network of 646 branches and 1,366 ATM/CDM/CRM units locally, and four overseas branches in Malé and Hulhumalé in the Maldives, Chennai, India, and the Seychelles. BOC also operates a subsidiary in London.
The core strength of the BOC brand is the ability to uplift any person or business, and the trust it has earned by proving it time and time again. The bank’s financial strength surpasses Rs. 3 trillion in assets, over Rs. 2 trillion loans and advances, and over Rs. 2.5 trillion in deposits.
Commenting on the achievement BOC General Manager (GM) D.P.K. Gunasekera stated: “Whilst thanking all our valued customers and my fellow staff members, I like to remind you that the pandemic has become a test for all brands – a time that has revealed inherent strengths and the core values that drive brand value. In this context the pandemic revealed the dependability of Bank of Ceylon as a partner to individuals and businesses. The ability to maintain this unwavering trust has come with the stability the bank has shown in sustaining growth and expansion in its financial strength, operational capacity, digital and technological adaptability, and its strategic approach and responsiveness to situations.”
BOC brand value surpasses Rs. 50 b
07 Jun 2021
BOC brand value surpasses Rs. 50 b
07 Jun 2021
The Bank of Ceylon (BOC) recorded a significant achievement in its 81-year journey in the Sri Lankan banking and finance industry by reaching the brand value of Rs. 53 billion and continuing to lead as the “No. 1 Banking Brand in Sri Lanka” for the 13th consecutive year.
BOC is a hallmark for trust and the stability in the Sri Lankan banking and finance industry. Being a state sector institution, BOC has clearly become a role model as a responsible corporate citizen in Sri Lanka. It has not only proven its financial strength but also demonstrated its commitment to serve the needs of the nation especially during crises such as the Covid-19 pandemic.
“It is the bank’s utmost priority to sustain its growth together with all communities and the bank pays due attention to the overall socioeconomic progress of the country. The bank acts as a key financier for Sri Lankan businesses, ranging from start-ups to well-established corporates, driving economic growth. BOC’s financial strength and operational capacity enables us to set the direction for the banking and financial services industry in the country. And we will ensure that we maintain the integrity of the country’s banking sector through stringent measures, while taking the lead in economic revival, through SME (small and medium enterprises) and local entrepreneurship development. We wish to share this achievement with all our valued stakeholders and look forward to expanding our value creation for our nation,” stated BOC Chairman Kanchana Ratwatte.
Commenting further Ratwatte added: “Aligning itself with the Government’s initiatives to counter the socioeconomic downturn in Sri Lanka, BOC recorded the highest disbursement under the ‘Saubagya’ working capital loan scheme of 18,589 facilities, worth Rs. 39.1 billion, while moratorium facilities were valued at over Rs. 589.4 billion. While posting robust results, we also achieved the highest reported industry profit for the year 2020 of Rs. 23.6 billion (PBT [profit before tax]). Our inward remittances also recorded $ 2.8 billion for the same year. We intend to lead the way through innovation and keep a keen insight into the aspirations of people as always. With this strategy, we were able to face the economic turmoil with a renewed sense of purpose and strategies to aid thousands of individuals and businesses across the country to survive these challenging times. Our efforts to explore new avenues, with innovative HR (human resource) and IT solutions to serve customers were fruitful.”
Through multiple channels and its multifaceted nature, the bank has served its customers through a diverse range of products and services. From its very first branch established in Colombo Fort, BOC has expanded its reach to a network of 646 branches and 1,366 ATM/CDM/CRM units locally, and four overseas branches in Malé and Hulhumalé in the Maldives, Chennai, India, and the Seychelles. BOC also operates a subsidiary in London.
The core strength of the BOC brand is the ability to uplift any person or business, and the trust it has earned by proving it time and time again. The bank’s financial strength surpasses Rs. 3 trillion in assets, over Rs. 2 trillion loans and advances, and over Rs. 2.5 trillion in deposits.
Commenting on the achievement BOC General Manager (GM) D.P.K. Gunasekera stated: “Whilst thanking all our valued customers and my fellow staff members, I like to remind you that the pandemic has become a test for all brands – a time that has revealed inherent strengths and the core values that drive brand value. In this context the pandemic revealed the dependability of Bank of Ceylon as a partner to individuals and businesses. The ability to maintain this unwavering trust has come with the stability the bank has shown in sustaining growth and expansion in its financial strength, operational capacity, digital and technological adaptability, and its strategic approach and responsiveness to situations.”
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!