Sri Lanka's Banking Giant BoC forges ahead....
In January, 2009, the Bank of Ceylon (BoC) was ranked 1,229th among
the world's top banks by Bankers Almanac, the leading provider of
reference data solutions to the global banking industry BoC was the
first Sri Lankan bank to win such an accolade way back in 1995, when it
was ranked amongst the top 200 Asian Banks, overtaking all its Sri
Lankan peers.
Later in 1997, it was the first Sri Lankan bank to be ranked among
the top 1,000 banks in the world by the Bankers' Almanac. Since then it
has continued its journey towards excellence consistently maintaining
its country ranking of No. 1.
The bank its extensive global network, largest asset base and
management discipline boasts a potent mix for sound operating
performance.
Its concerted focus on risk management in addition to operational
strategies limited the direct impacts of a particularly chaotic
financial market environment highlighted as a challenge for the overall
industry in the recent past.
BoC has played a pivotal role in reaching to the rural segments of
society by enabling individuals to strengthen their entrepreneurial base
through varied microfinance and credit schemes. The bank strives to
alleviate poverty through sustainable economic development and is the
premier provider of financial access to rural Sri Lanka.
With 305 branches including a full service unit in London and access
to over 600 correspondent banks, the Bank has a truly international
footprint. BoC is already very well known in many countries for its
service and performance," said Dr. Gamini Wickramasinghe, Chairman.
"The ranking in Bankers' Almanac simply reinforces our positioning
amongst the best banks in Asia and the world. We are proud of this
recognition."
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