BoC among top 1,000 global banks

The Bank of Ceylon received global recognition as one of the top 1,000 banks in the world, by the banking and finance magazine, 'The Banker'.

Dr. Gamini                          K. Dharmasiri    Wickramasinghe

The top 1,000 banks were selected for their achievements by global leaders in the industry. 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 soundness, strength and profitability of banks. The Banker Magazine first published in January 1926 in the UK, circulated in over 180 countries is a source of data and analysis for the industry in international finance affairs.

Fitch Rating Lanka Ltd has upgraded Bank of Ceylon’s national long-term rating to AA+ (lka) stable outlook which is one of the highest rating awarded to a local commercial bank.

“Brand Finance Lanka ranked BOC as the number one brand in Sri Lanka for the past four consecutive years. Its multi-faceted offering is one of the greatest strengths. The bank has over 1,000 customer touch points covering branches, extension offices, ATMs and over 800 foreign corresponding agents,” a spokesman for the Bank said.

Bank of Ceylon Chairman, Dr. Gamini Wickramasinghe said, “The Bank has reached this milestone with a clear vision to make the impossible possible.

That is 'One Ten Twelve', the corporate agenda for 2012 which translates into one trillion in assets, Rs.10 billion in profits in 2012.”

“This task was achieved in mid 2012, well before the target date. Therefore BoC became the first bank in Sri Lanka to reach Rs. 1trillion in assets.”

Bank of Ceylon, General Manager K. Dharmasiri said, “The Bank has reached its pinnacle in 2012 by achieving key milestones in terms of growth in the bottom-line of the bank and expansion in all business areas. The Bank has touched more than 10 million lives in the country. We are leading in every aspect of banking and financial service”.