August 03, Colombo (LNW): The Bank of Ceylon (BOC) is set to introduce new and emerging technologies, empowering ordinary citizens with access to financial services and pioneering digital banking solutions.
Celebrating its 85th anniversary, BOC continues to be a pillar of strength for Sri Lankans, having transformed the banking experience for millions.
One significant milestone announced during this celebration is the granting of 10,000 youth loans, highlighting BOC’s dedication to fostering young entrepreneurs and empowering future leaders.
BOC was honored as ‘The Bank of the Year – Sri Lanka’ by the prestigious Banker magazine and remains the only Sri Lankan bank listed among the Top 1,000 Banks in the world in 2024.
This recognition underscores BOC’s sustained growth and customer confidence. BOC’s commitment to digital excellence was further acknowledged at the Technnovation Awards 2024, where it won the ‘Overall Award – Gold for Excellence in Digital Payments,’ as well as Gold awards for ‘Bank of the Year for Financial Inclusivity’ and ‘Best Common ATM Enabler of the Year.’
A standout initiative during the 85th year was the successful conclusion of the ‘Pita Pita Rata Thegi’ program, which rewarded Sri Lankan expatriates for securely remitting their foreign currency. The grand prize, a luxurious, fully furnished house valued at Rs. 30 million, was presented to the lucky winner.
As BOC celebrates 85 years, it reflects on its journey with pride and looks forward with determination to continue serving the country and its people. BOC’s mission has always been about more than banking; it focuses on empowering people and driving national development.
The bank is committed to innovating and expanding its services to ensure that every Sri Lankan has the opportunity to thrive.
In the upcoming year, BOC is set to embrace new and emerging technologies and deepen its commitment to financial literacy, sustainability, and community development.
The 85th-anniversary celebration was held at BOC’s Head Office in Colombo, featuring special religious sermons to bless the staff and customers.
The event was attended by the Bank’s Chairman. Kavan Ratnayaka, General Manager/CEO Mr. Russel Fonseka, members of the Board of Directors, corporate and executive management, staff members, customers, and well-wishers. BOC’s branch network also celebrated the anniversary with their loyal customers and well-wishers.
BOC was established on August 1, 1939, by British Governor Sir Andrew Caldecott, allowing ordinary people and businesses to open accounts and use cheques for transactions. Today, it stands as a modern bank with technology at the core of its operations, dedicated to delivering exceptional experiences to its valued customers.
