Bank of Ceylon ranked among world’s top 1000 banks
Bank of Ceylon with 74 years of strength, trust and stability, has received global recognition as one of the top 1,000 banks in the world, superseding all Sri Lankan banks according to the world’s premier banking and finance Magazine.
“The Banker Magazine” July 2013. The Top 1,000 banks were selected in recognition of global leaders in the industry for their achievements. The rankings are one of the industry’s most widely used index of global banking, and are internationally recognized as the definitive guide to the strength, size, soundness, profitability, performance of banks. The Banker Magazine first published in January 1926 in U.K, circulated over 180 countries is the key source of data and analysis for the industry in international finance affairs.
Bank of Ceylon serves over ten million accountholders island wide and our commitment to each of them remains steadfast. Fitch Rating Lanka Ltd affirms Bank of Ceylon’s national long-term rating to AA+ (lka) stable outlook which is the highest rating awarded to a local commercial bank. Brand Finance Lanka ranked BOC as the number 1 brand in Sri Lanka for the 5th consecutive year in 2013. Our multi-faceted offering is one of our greatest strengths.
From the children’s savings account to corporate credit, for state sector and private companies, we serve at every level. The bank has the strength and the diversity of resources to offer its customers a range of financial solutions; such as Corporate Banking, Retail Banking, Islamic Banking, Investment Banking, Off-shore Banking, Development Banking, International and Treasury operations and Trade Financing services, through its widely spread branch network over 609 covering all parts of the country. At the moment the bank has over 1,300 touch points covering branches and foreign corresponding agents. Bank has 503 ATM islandwide covering north, south, east and west.
Commenting on this achievement the Bank of Ceylon Chairman President’s Counsel Razik Zarook stated, “This milestone has been achieved with exceptional brand equity, scale, trust and stability of Bank of Ceylon. The Bank has performed well in all business lines by providing timely solutions to its customers. Aggressive plans are underway to expand branch network locally and internationally capturing untapped markets”
BOC possess the strength and the diversity of resources to offer a complete range of financial solutions to its customers. BOC has further expanded its unprecedented banking and financial services to overseas branches in Chennai and Male and banking operations in London.
Further, commenting on this exceptional global recognition, Bank of Ceylon General Manager/ Chief Executive Officer D. M Gunasekera stated, “The bank has achieved this key milestone with the dedication and commitment of its staff and loyalty placed by the customers on BOC brand. Bank has touched more than 10 million lives in the country. We are the No.1 Bank in Sri Lanka”.
Maintaining solid partnerships with the private sector, BOC supports infrastructure development activities, provision of working capital and significant investments in Government projects. Aligned with the Government’s pursuit of socio-economic development, bank took major strides to assist in the country’s unprecedented demand for monetary support by easing loans as well as service provisions across the economy, especially in the North and East. On the 1st of August 2013, Bank of Ceylon celebrates its 74th anniversary.