BoC, the 'Strongest Bank' in SL - The Asian Banker
The Bank of Ceylon (BoC) was named as the 'Strongest Bank' in Sri
Lanka for 2015 by The Asian Banker, in an independent research carried
by the region's provider of strategic business intelligence to the
financial services community.
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Deputy General Manager, Finance and Planning Russel Fonseka
(middle) receives the award. Head of Research, The Asian
Banker, Mobasher Zein Kazmi,, Founder and CEO of Moven and
international best selling author of Bank 3.0, Brett King
and Managing Editor, The Asian Banker, Foo Boon Ping look
on. |
The award was presented at a ceremony held in conjunction with
SWIFT's SIBOS convention at Sands Expo and Convention Centre, Marina Bay
Sands, Singapore.
The Asian Banker 500 ranking is a comprehensive annual evaluation
that captures the quality and sustainability of the balance sheets of
the banks in the region.
All data are sourced from Central Banks and miscellaneous
publications or via informed estimates.
The evaluation was based on the balance sheet growth, scale of
operations, risk profile, profitability, asset quality and liquidity for
2014. Among the other banks which won awards were Standard Chartered
Bank Hong Kong, HSBC Hong Kong, Bank of China, DBS Group, West-Pac
Banking Corporation, Australia, ANZ Bank New Zealand and May Bank
Malaysia.
Chairman, Bank of Ceylon, Ronald C. Perera said, "With this latest
ranking BoC has set an unparalleled benchmark in the Sri Lankan banking
industry as the strongest bank in the country, which stands along with
other banking giants in the Asia Pacific region.
We are not only proud of the bank but also of the country's economic
profile for improving the standard of Sri Lanka's banking sector in the
international arena."
General Manager, D.M. Gunasekara said, "The BoC topped as the
strongest bank in Sri Lanka, based on our financial results for 2014.
Over the years the Bank has increased its overall balance sheet
strength with strong improvements in profitability, capitalization and
liquidity.
Owning the highest asset base in the country we closed 2014 on a high
note on the balance sheet."
Deputy General Manager, Finance and Planning, Russel Fonseka said,
"Being a responsible State bank, we are always keen on providing the
best financial solution in the most comprehensive and qualitative way
possible to customers whilet delivering value to our main stakeholder,
the Government."
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