Bank of Ceylon celebrates its 80th anniversary
View(s):Bank of Ceylon, Sri Lanka’s largest bank, recently celebrated its 80th anniversary at the BMICH Colombo amidst a distinguished gathering which included President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.
Bank of Ceylon Chairman Ronald C. Perera making a presentation to President Maithripala Sirisena in the presence of Prime Minister Ranil Wickremesinghe.
The Bank of Ceylon story began in early 1900’s when lack of finance deprived many Ceylonese businesses to make use of the opportunities that were available at that time. “We are a bank that stayed together with the Sri Lankan community at all times. By understanding the true needs which emerge from within our community, our efforts have always been to address those by financial assistance given through a proper mechanism,” said BOC chairman Mr. Perera, adding that they were focusing on the bank’s 100th anniversary which will happen in 2039.
The bank’s balance has three components carrying over a trillion rupees each: Assets over Rs.2 trillion, deposits over Rs.1.5 trillion, and advances and lending over Rs. 1.8 trillion.