Bank of Ceylon awards 93 scholarships to BOC 18 Plus account holders
Saturday, 21 December 2013 00:00
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Bank of Ceylon, Sri Lanka’s No. 1 Bank and Asia’s Best Brand, is empowering youth in the country through the awarding of scholarships to 93 undergraduates studying in state universities.
BOC commenced this scholarship scheme in 2002 and has awarded scholarships worth over Rs. 24.5 million to nearly 850 18 Plus account holders. Out of the 93 undergraduates 20 were selected on a special merit basis. Those selected were the ones who got the highest marks in each of the four streams; science, mathematics, commerce and arts. Out of those 18 Plus account holders who had received the highest scoring, five were selected from each of the four streams. Each of these selected received a scholarship of Rs. 35,000 each and 73 others were selected through a raffle draw and were awarded scholarships of Rs. 30,000 each.
BOC 18 plus account holders need to maintain a balance of Rs. 5,000 in their accounts for a period of one year beginning from 1 January to 31 December before sitting the Advanced Level Examination to be eligible to apply for 18 Plus scholarships.
These scholarships are awarded in addition to all the other unique benefits that are offered with BOC 18 Plus accounts. Such benefits are, a gold coin that will be gifted on their wedding day (a minimum balance of Rs. 100,000 to be maintained for a period for 12 months prior to the date of marriage registration), a contribution of Rs. 500 to open a Ran Kekelu children’s savings account for the first child (a minimum of Rs. 10,000 to be maintained for a period of 12 months prior to the birth of the first baby), offering 0.5% additional interest rate, free life and medical insurance cover (terms and conditions apply), facility to obtain an instant loan up to 90% of the account balance, eligibility for an international debit card, internet banking and SMS banking facility.
Ranked by brand finance Lanka as the No. 1 brand in Sri Lanka for the last five consecutive years and ranked among the top 1,000 banks in the world by the internationally renowned Banker Magazine UK, and accorded Asia’s Best Brand award by the CMO Asia council in Mumbai, India, Bank of Ceylon boasts over Rs. 1 trillion in assets, ten million account holders, a Fitch rating AA+ (lka) and over 1,000 customer touch points, continuing to be the undisputed market leader in the Sri Lankan financial arena.
Bank of Ceylon is also the only Sri Lankan bank with an international presence, with branches in Chennai, Male, and subsidiary in London, soon to be expanded to include the Seychelles.
