Bank of Ceylon

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Bank of Ceylon
Government-owned corporation
IndustryBanking, financial services
FounderSir Ernest de Silva (Founder-Chairman)
HeadquartersBOC Square, Bank of Ceylon Mawatha, Colombo, Sri Lanka
Area served
Sri Lanka
United Kingdom
Key people
Ronald C Perera, President's Counsel (Chairman)[1]
Senarath Bandara (General Manager)[1]
ServicesRetail banking, corporate banking, investment banking
RevenueIncrease US$ 1.316 billion (2019)[2]
Increase US$ 413 million (2019)[2]
Increase US$ 126 million (2019)[2]
Total assetsIncrease US$ 13.29 billion (2019[2]
Total equityIncrease US$ 780 million (2019)[2]
Number of employees
Decrease 8,503(2019)[2]

Bank of Ceylon is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo. The Bank has a network of 628 branches, 689 ATMs machines, 123 CDM network and 15 loan centres. In addition to the local presence, the bank maintains an off-shore banking unit in the head office in Colombo, and three branches in Malé, Chennai and Seychelles, and subsidiary in London.

History[change | change source]

BOC was founded in 1939, with Sir Ernest de Silva as its first chairman. At the time, Ceylon was a British colony and the then governor Sir Andrew Caldecott ceremoniously opened the bank on 1st August. The English government introduced the banking arm for for its government-oriented businesses. Two years later, in 1941, BOC started to expand beyond the city of Colombo. It opened its first branch in Kandy. Subsequently, BOC added branches in major cities such as Galle, Jaffna, Kurunegala, Batticaloa, Trincomalee, Badulla and Panadura.

References[change | change source]

  1. 1.0 1.1 1.2 Bank of Ceylon Website About us, Bank of Ceylon, retrieved 23 February 2015
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "BANK OF CEYLON Annual Reports 2019" (PDF). Bank of Ceylon. BANK OF CEYLON. January 12, 2020. Retrieved January 12, 2020.{{cite web}}: CS1 maint: url-status (link)