BOC recognised among ‘Top 10 Most Admired Companies in Sri Lanka for 2022’

Tuesday, 5 September 2023 12:34 - - {{hitsCtrl.values.hits}}

Bank of Ceylon General Manager/CEO Russel Fonseka and Chief Financial Officer M.P. Ruwan Kumara receiving the ‘Top 10 Most Admired Companies in Sri Lanka 2022’ award

The Bank of Ceylon was once again recognised for its excellence in the sphere of Banking and Finance as one of the ‘Top 10 Most Admired Companies in Sri Lanka for 2022’ at the event organised by Chartered Institute of Management Accountants (CIMA), American Institute of Certified Public Accountants (AICPA), International Chamber of Commerce Sri Lanka (ICCSL), and Daily FT, to acknowledge and inspire Sri Lankan corporate citizens in their efforts to maintain good governance and sustainable financial performance.

Commenting on the award, General Manager Russel Fonseka stated, “BOC pragmatically follows the ethos of sustainable growth in every aspect of its operation, giving highest regard to the wellbeing of all stakeholders it is involved with. By incorporating the true essence of sustainability within our operation system we have covered all seventeen of SDG goals by now. In the meantime we have enhanced our balance sheet with an asset base over Rs. 4 trillion as the only Sri Lankan banking institution to have achieved, which is an exceptional feat in the banking industry that is a testament to our operational excellence and the trust we have earned throughout these years.”

The only Sri Lankan bank to be among the Top 1000 Banks in the World for the Year 2023 by ‘the Banker’ Magazine UK, the Bank of Ceylon has been in the forefront leading the sector over 84 years with its capacity, reach and strength over financial performance, physical and digital presence and sustainable growth. BOC boasts of being the No. 1 Banking Brand in the country ranked by Brand Finance Lanka continuously for 15 years. With the financial strength and the brand strength growing simultaneously BOC confers its success to its embedded value system that fuels its human capital.

Evaluated through a stringent process by an eminent panel of judges that takes into account the company’s performance that goes beyond the profit making objective, BOC humbly takes pride in being selected among the Top 10 for its contribution to create actual value for all its stakeholders. Beginning from fair work ethics and staff welfare to move on to enhance financial and digital financial literacy in the country, enrich customer benefits through initiatives such as Business Revival and Rehabilitation (BRR), SME Circle, Export Circle, Corporate Social Responsible projects that foster education, healthcare, entrepreneurship and preserving national heritage.

BOC’s digital transformation journey has not only elevated the entire banking industry but also enabled it to preserve natural resources, incorporate renewable energy projects and embark into green banking comprehensively. The BOC is also keenly aware on maintaining ‘Good Governance’ in all respective areas including top management commitment, visionary thinking on sustainability, commitment to fulfil stakeholder interests and commitment to treat every stakeholder fairly and justifiably.