BOC named as the No.1 Banking Brand for 14th consecutive year

Wednesday, 8 June 2022 01:33 - - {{hitsCtrl.values.hits}}

Chairman Kanchana Ratwatte

General Manager K.E.D. Sumanasiri

Brand value at Rs. 53.919 b

The Bank of Ceylon (BOC) continues to lead the industry as the No.1 Banking Brand in the country for the 14th consecutive year in the “Brand Finance Lanka’s – Brand Annual” for the year 2022.

Standing resilient as ever, Bank of Ceylon is the only Banking brand to surpass a brand value over Rs. 50 billion.

Revolving around Sri Lankan aspirations, ensuring financial security and building confidence within the community to venture into new opportunities, BOC has been a resilient partner throughout its existence to date. With a unique depth of perception of the socio-economic landscape, BOC successfully managed to reach all segments of Sri Lankan society by promoting financial inclusivity specially to include those who are not within the mainstream banking system.

Chairman Kanchana Ratwatte said: “BOC as an established indigence brand with roots running deeply into Sri Lankan heritance, always had so much gratitude on the trust placed on the brand by all its stakeholders. The resilience BOC has shown as the leading banking brand in the country is built through sheer commitment and dedication sustained over many decades based solely on the purpose to serve our people.

“During this time of unimaginable crisis, our promise goes to all our fellow Sri Lankans that we at BOC will remain as the trusted financial partner and will strive towards improving the economic wellbeing of the nation as always. My humble appreciation goes to everyone who has been on this journey together with BOC at this juncture.”

“I consider BOC, being named as the No.1 Banking Brand for 14 consecutive years as an unprecedented achievement. We wish to take this opportunity to thank and extend our gratitude to our loyal customers and all stakeholders for inspiring and encouraging us to strive towards excellence at all times. Meeting the evolving demands of our community we assure our customers and the country that the Bank will always move forward fulfilling the agenda to serve our people as we have always done,” General Manager K.E.D. Sumanasiri said.

BOC’s balance sheet as of March 2022, recorded over Rs. 4 trillion in assets, Rs. 3.1 trillion in deposits and Rs. 2.4 trillion in its loan book, in addition to its operational capacity and reach. Due to its solid financial standing gained over eight decades of successful operation, the Bank is the trusted finance partner for infrastructure development projects that are of significant importance to the country. In addition to investing in socially responsible projects, BOC’s profits as a state institution are always invested back to the nation and its people.

BOC was awarded the coveted title of “Bank of the Year 2021 – Sri Lanka” by The Banker Magazine U.K. The prestigious award was bestowed in recognition of the Bank’s contribution to uplifting the lives of all Sri Lankans, while fulfilling its duty as the premier state bank.

This award adds yet another title to the multi-award-winning bank that has been listed in the Top 1,000 Banks in the World ranking, consecutively since 2012, with a country ranking of No. 1, by “The Banker” magazine, UK.

“LankaPay Technnovation Awards 2022” honoured Bank of Ceylon as a ‘Digital Superhero’ by awarding it the “Overall Gold Award” for Excellence in Interbank Digital Payments.