BoC wins three Business Excellence awards

Acting General Manager of Bank of Ceylon, D.M Gunasekera receives the 'Overall Winner' Award from President of the National Chamber of Commerce of Sri Lanka, Asoka Hettigoda. German Ambassador Dr. Jurgen Morhard and Chairman of NBEA Steering Committee, Sunil Wijesinha look on.

The Bank of Ceylon won the Gold award in the Banking and Financial Services Sector, Silver in the Extra Large Category and Bronze in the Overall category.

This is the second consecutive year that BoC has won the Gold award.

A spokesman for the Bank said, "The Bank has reached its pinnacle in 2012 by achieving key milestones. In the past five years the Bank has doubled its assets, deposits, loans, shareholder's wealth and quadrupled its profits."

"The BoC became the first bank in Sri Lanka to reach Rs. 1 trillion in assets. This year the first US Dollar bond was issued and brought $500 m to the country.

It is ranked among the top 1,000 global banks by the banking and finance magazine, 'The Banker'. Brand Finance Lanka has ranked BoC as the number one brand in Sri Lanka for the past four consecutive years."

"The BoC has concluded its third quarter reporting a remarkable performance with competitive financial results in the industry. Compared to the corresponding period of the past year pre-tax profit grew by 62.8 percent to Rs.16.3 b. The Bank's revenue for the first three quarters reached Rs. 78.8 b, a 50.8 percent growth over the corresponding period, last year.