Bank of Ceylon

Bank of Ceylon
Company typeGovernment-owned corporation
IndustryBanking, financial services
Founded1939; 85 years ago (1939)
FounderSir Ernest de Silva
HeadquartersBOC Square, Bank of Ceylon Mawatha, Colombo, Sri Lanka
Number of locations
Increase 582 (2020)[1]
Area served
Sri Lanka
Maldives
India
United Kingdom
Seychelles
Key people
Kavinda de Zoysa[2] (Chairman)
W. P. Russel Fonseka (General Manager and Chief Executive Officer)
ServicesRetail banking, corporate banking, investment banking
RevenueIncrease Rs 252.756 billion [1]
(US$ 1.325 billion) (2020)
Decrease Rs 22.246 billion [1]
(US$ 333.113 million) (2020)
Decrease Rs 16.307 billion (2020)[1]
(US$ 95.302 million) (2020)
Total assetsIncrease Rs 2.982 trillion (2020)[1]
(US$ 16.002 billion) (2020)
Total equityIncrease Rs 156.659 billion (2020)[1]
(US$ 840.410 million) (2020)
Number of employees
Decrease 8,479 (2020)[1]
ParentMinistry of Finance
SubsidiariesCeybank Asset

Bank of Ceylon (UK) Limited (100%)
Property Development PLC (96%)
Hotels Colombo
Transnational Lanka Records Merchant Bank of Sri Lanka & Finance PLC (75%)
Ceybank Asset Management Limited (43%)
Southern Development Financial Company (42%)
Transnational Lanka Records Solutions (25%)

Lanka Securities (20%)
Websitewww.boc.lk
A branch of the bank in Kandy

Bank of Ceylon (BOC; Sinhala: ලංකා බැංකුව Lanka Bænkuwa, Tamil: இலங்கை வங்கி Ilangai Vangi) is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo.

The bank has a network of 651 branches, 715 automated teller machines (ATMs), 159 CDM, 582 CRM network, and 15 regional loan centres within the country. It also has an around-the-clock call centre and an around the clock branch at its Colombo office.

In addition to the local presence, the bank maintains an off-shore banking unit in the head office in Colombo, three branches in Malé, Chennai, and Seychelles, and a subsidiary in London.

  1. ^ a b c d e f g "BOC 2020 Annual Report". Colombo Stock Exchange. pp. 8, 378, 383. Archived from the original on 29 November 2022. Retrieved 24 March 2021.
  2. ^ "Kavinda de Zoysa appointed chairman of Bank of Ceylon". Ada Derana. 5 November 2024. Archived from the original on 5 November 2024. Retrieved 5 November 2024.