‘The Banker’ (UK Magazine) has reaffirmed the Bank of Ceylon (BOC) as being among the Top 1,000 Banks in the world with the country rank No. 1 for 2019.
Reaching its 80th anniversary this year, the Bank has gained notable achievements recently to its credit.
For the past several years, the Bank has been the highest profit earning single business entity in the country and the only Bank to own a balance sheet that boasts three components worth over Rs. 1 trillion.
Its 2018 financial indicators justify the Bank’s achievement in terms of Profit Before Tax of Rs. 31.9 billion - highest in the industry, operating profit of Rs. 41.5 billion, assets crossing the Rs. 2.0 trillion mark with a 16% growth and growth in the loan book by 24% and which stands at Rs. 1.5 trillion. “Continuing our quest to strive for exceptional performance in all areas of banking, we continue to reach special milestones in the journey, with a steadfast growth. The Bank has moved towards modern state-of-the-art banking, exhibiting exceptional financial performance. Keeping our momentum of growth in every possible way, we have moved up the list and has again affirmed our strength as the country’s No.1 within the Top 1,000 Bank ranking,” said Chairman of Bank of Ceylon, Ronald C. Perera.
CEO/General Manager Senarath Bandara said, “We have been always driven by the motive of bringing the best out through every task we carry out as the leading bank in the country. It is my duty to thank my committed staff for all their hard work that was put in to get achievements.”