Sunday Nov 24, 2024
Sunday Nov 24, 2024
Tuesday, 13 August 2024 01:54 - - {{hitsCtrl.values.hits}}
The Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, announces its inclusion in The Banker magazine’s prestigious list of the Top 1000 World Banks for 2024. The bank has been recognised as the only Sri Lankan bank on this list once again in the year 2024. This recognition comes amidst the bank’s 85th anniversary celebrations.
The bank has been a key driver of the country’s economic development, playing a vital role in supporting the nation’s economy and public welfare. Through a range of financial services, BOC has facilitated the growth of businesses, empowered entrepreneurs, and supported key sectors such as agriculture, industry, and tourism.
The bank’s dedication to social responsibility is evident in its numerous initiatives aimed at giving back to society, including educational scholarships, healthcare support, and disaster relief efforts. BOC also prioritises environmental sustainability, implementing eco-friendly practices and supporting green projects to ensure a healthier environment for future generations.
With an extensive presence across Sri Lanka, BOC operates over 2,100 touchpoints, including 655 online-connected branches and a widespread network of more than 1,350 ATMs, CDMs, and CRMs. BOC also extends its services internationally with branches in Chennai, Male, Hulhumale, and Seychelles, and a full-fledged banking subsidiary in London.
The Banker magazine, a renowned publication under the Financial Times Group, conducts a rigorous evaluation process annually to compile its Top 1000 World Banks list. Banks are assessed based on a range of performance indicators such as Tier 1 capital, asset quality, and profitability. The annual Top 1000 World Banks ranking is a respected benchmark of global banking excellence.
The bank has been resilient and robust in navigating challenging economic conditions. Despite global financial uncertainties, the bank has maintained the strength of its financial position, showcasing its ability to adapt and thrive. The bank’s strategic initiatives and prudent financial management have fortified its capital base and asset quality, ensuring sustainable growth and stability.
Bank of Ceylon being listed among the Top 1000 World Banks once again in the year 2024 is a proof of commitment to its financial stability and innovation. These recognitions highlight BOC’s role as a trusted partner for its customers and dedication to drive economic growth in Sri Lanka. BOC’s success is a result of the trust and loyalty of its customers and the dedication of the team. Bank of Ceylon remains focused on delivering superior banking solutions and maintaining its leadership position in the industry.
