Bank of Ceylon named as ‘Bank of the Year – Sri Lanka’ by ‘The Banker’ UK

Tuesday, 2 January 2024 01:44 - - {{hitsCtrl.values.hits}}

The Bank of Ceylon, Sri Lanka’s premier financial services entity has been named ‘The Bank of the Year – Sri Lanka’ by the prestigious Banker magazine UK.

The announcement was made to all stakeholders and loyal customers at an event held at the commencement of the New Year.

The award, which comes on the heels of a volatile year for the financial services industry and the economy, recognises the Bank’s stellar –performance across key indicators and highlights BOC’s resilience and standing, both as a state bank and as ‘Bankers to the Nation’.

Bank of Ceylon was also listed among the Top 1,000 Banks in the world by the magazine for the 12th consecutive year, and is the only Sri Lankan bank to be listed for 2023.

Significantly, the Bank posted an aggregate growth in its balance sheet further highlighting customer confidence. The Bank’s sustained commitment to revolutionising banking and enhancing customer delight is also reflected in the results.

BOC General Manager Russel Fonseka commenting on this achievement said: “I am humbled and very grateful for this prestigious recognition and wish to thank all our customers and valued partners sincerely for the trust and faith they placed in BOC throughout these years. Our strategic goals are aligned with the global Sustainable Development Goals (SDGs) as we believe in contributing to our national priorities and the community. Our conscious choices reflect the business model that has sustainability at its core, thus making a meaningful, positive impact on both society and the environment as a responsible corporate citizen.”

The awarding of the listing by The Banker, is the latest in a series of awards and acknowledgements of recognition of Bank of Ceylon’s performance in strategic and key areas including customer experience and delight as well as technology-led innovation and development of technologically-led products and services.

Bank of Ceylon’s holistic approach to environmental sustainability efforts and leadership in sustainable practices, in line with United Nations’ Sustainable Development Goals (SDGs), were recognised by the Green Building Council of Sri Lanka (GBCSL) with no less than three awards at the recent Green Building Awards. BOC’s City Office in Fort, its oldest branch, which was recently renovated won the Silver award in recognition for optimising green efficiency, while the Bank retained its ”Green Business Leadership of the Year Award - Bank Section” for the second consecutive year, and also grabbed the award for ‘Green Commitment Excellence of the Year 2023’.

The Bank’s 2022 annual report, under the theme – ‘Resilient Resolve Revive’, was also recognised with the Gold Award at the recently concluded TAGS Awards 2023 by CA Sri Lanka.