The Bank of Ceylon (BOC) scored its third ‘trillion’ at the end of 2016. That is, surpassing the Rs. one trillion mark in advances - another milestone in its 77-year journey as ‘the Bankers to the Nation’ and becoming the first, and up to now the only bank to pass this milestone in Sri Lanka.
The Bank’s balance sheet has expanded since its first ‘trillion’ target was achieved in 2012 by accumulating over Rs. one trillion in assets in the Bank’s balance sheet, the first business entity in the country to do so.
By 2015, the Bank announced its second ‘trillion’ - Rs. one trillion in deposits. The Bank of Ceylon has been striving towards these big goals whilst maintaining itself as the largest contributor to the national economy in so many different ways.
“Being a state owned Bank and a key player in financial mechanism in the country every achievement of ours gets directly translated into country’s economic development.
For the Bank it is always not the highest profit margin that matters, but always to look into sustainable growth of both the customer and the bank,” said Chairman, Bank of Ceylon, Ronald C. Perera.
“In recent years we have become the highest profit earning single business entity in the country.
Our asset base now stands at an astounding Rs.1.6 trillion and our deposit base has improved up to Rs. 1.2 trillion,” said General Manager D. M. Gunasekera.
“We have refined our strategic goals to be more customer-centric taking into account the present convenience-driven lifestyle of customers. At the same time, we will continue to contribute to economic development projects and initiatives of the country even better,” he said.