BoC ranked among top banks in the world

The Bank of Ceylon (BoC) has been recognised as one of the top 1,000 banks in the world by the banking and finance magazine, 'The Banker Magazine' of July 2013.

The top 1,000 banks were selected in recognition of their achievements.

"The rankings are one of the industry's most widely used index of global banking, and are internationally recognised as the definitive guide to the strength, size, soundness, profitability, performance of banks," a bank spokesman said.

"The Bank of Ceylon serves over 10 million account holders islandwide and our commitment to each of them remains steadfast. Fitch Rating Lanka Ltd has affirmed Bank of Ceylon's national long-term rating to AA+ (lka) stable outlook which is the highest rating awarded to a local commercial bank," he said.

"Brand Finance Lanka ranked BoC as the number one brand in Sri Lanka for the fifth 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 spokesman said.

"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 widespread branch network," he said.

Bank of Ceylon Chairman Razik Zarook said, "This milestone has been achieved with exceptional brand equity, scale, trust and stability of the Bank of Ceylon."

"The Bank has performed well in all business lines by providing timely solutions to its customers. Aggressive plans are under way to expand branch network locally and internationally capturing untapped markets," he said.

BoC possess the strength and the diversity of resources to offer a complete range of financial solutions to customers. BoC has further expanded its banking and financial services to overseas branches in Chennai, Male and London.

Bank of Ceylon, General Manager and Chief Executive Officer, D. M Gunasekera said, "The Bank has achieved this milestone with the dedication and commitment of its staff and loyalty placed by the customers on the BoC brand."

"Maintaining solid partnerships with the private sector, BoC supports infrastructure development activities, provides working capital and invests in Government projects. The bank assists in the country's demand for monetary support by granting loans and services across the economy, especially in the North and the East," the spokesman said.