BoC goes for business class banking service
The Bank of Ceylon (BoC), a pioneer state bank in the country
celebrated 67 years of service on Tuesday by launching the business
class banking service for private and public sector enterprises. The new
banking facility is designed to provide services to large public and
private sector enterprises through the islandwide online banking
For the first six months of the year the BoC focused on retail
banking such as raising deposits,lending money and providing customer
services. With the 67th anniversary, the BoC management decided to focus
on corporate banking, said Chairman BoC, Udayasiri Kariyawasam. We will
categorise the corporate class and provide them with value added service
sans any charge. We will focus on providing our business class banking
services to big conglomerates, bluechip companies and subsidiary
companies in an effective and efficient manner, he said.
The bank marked its 67th year in operations by providing credit cards
to journalists with a 50 percent reduction on the joining fee. The bank
presented credit cards to 14 journalists.
Responding to questions posed by journalists whether the BoC had
special benefits to offer its credit card holders, Kariyawasam said the
bank offered the same facilities offered by other banks.
Kariyawasam said the bank will provide world-class banking facilities
to the country's largest private and public sector enterprises and will
maximise their operational efficiency.
Enterprises will be abe to reap huge benefits with the online banking
facilities through the 220-branch network.By the end of the year we hope
to increase our online banking network to 302. Bank officials said due
to lack of communication infrastructure facilities the bank is unable to
connect its online facilities to certain areas in the country.
General Manager BoC, S.N.P. Palihena said the BoC, a pioneering and
leading state bank has made huge investments to link its branch network
to an online network. We have the best software to provide worldclass
BoC, the largest bank in the country is ranked among the 1,000
largest banks in the world. Holding approximately 30 percent of the
country's banking assets it was rated AA (sri) by Fitch rating.
It also holds the largest customer base of over 5.8 million