Bank of Ceylon celebrates 77th anniversary
The Bank of Ceylon celebrates 77 years in the financial services
industry in Sri Lanka. The establishment of this indigenous modern bank
took place in 1939 and since then it has been shaping the banking
industry addressing the emerging needs of customers.
A state council member George E. de Silva spearheaded the demand for
the setting up of a State-aided bank. The inauguration took place at No.
41 Bristol Street, Colombo Fort on 1st August, 1939 with the patronage
of the British Governor Sir Andrew Caldecott.
The bank earned Rs.25.3 billion PBT for the year 2015. It has
surpassed Rs.1 trillion in assets in 2012 becoming the first to pass
this milestone. The Bank also exceeded Rs.1 Trillion in deposit base and
will reach its 'third trillion' achievement in the near future.
"The 77th Anniversary is an exceptional milestone and there are not
many indigenous financial organizations which celebrate such an
occasion. As we celebrate and reflect the on the past 77 years we remind
ourselves that, as the leading Bank in the country that every step we
take to re-modify and transform our banking processes has the effect of
providing greater value to Sri Lankans at large," Chairman, Bank of
Ceylon, Ronald C. Perera.
Bank's General Manager D. M. Gunasekara said, "We now provide
state-of-the-art technology in many of our key branches and move on
transforming other BOC branches." To mark the 77th anniversary on August
1, the Bank of Ceylon will conduct several events that includes
religious and traditional ceremonies; a colourful traditional procession
followed by a 'Pirith ceremony' on August 5 at the Bank's Head Office
building and a blood donation campaign tomorrow, August 1. |