Bank Of Ceylon

Bank of Ceylon (BOC) is the first bank in Srilanka started in 1939 and Indian operations began in Chennai in 1995. We have 600 branches and nationalised in 1961 and offer the assistance in Agricultural finance, Industrial finance, Stocks and Shares, Credit facilities, Overdrafts, Money market loans, Leasing, Bank guarantees, Debentures, Corporate and Business Finance, Foreign Exchange Services.It is Lanka's primary commercial and government banking establishment.

Factsheet of Bank Of Ceylon
Bank NameBank Of Ceylon
Founded inAug. 1, 1939
Promoters/foundersMr Ernest de Silva
Headquarter Address

Bank of Ceylon
BOC Square
Room No: 203-204
Block No: 02
BMICH
Bauddaloka
Mawatha
Colombo 01
Srilanka

Employee's8479
Type of BankPublic Sector Undertaking (PSU) Bank
Official Websitehttps://boc.lk/
Customer Care Number94-11 2446790-811, +94 11 220 4444

History of Bank of Ceylon (BOC)

The Bank of Ceylon (BOC) is the biggest bank in Sri Lanka offering various banking activities and headquartered at Mawatha in Colombo. This bank was established on August 1, 1936 by Sir Andrew Caldecott. There are various branches in Kurunegala, Badulla, Jaffna and Kandy and overseas banking facility in London. It is under the control of the Central Bank of Ceylon. The name of the 32 storey building is Pittu Bambuva, a cylindrical term used for cooking Pittu a rice cake dish.  All the administrative and corporate decisions are taken in this building. We have good presence in Sri Lanka, India, Maldives, Seychelles and UK. The logo is Bankers to the Nation.

The real credit of establishing the Bank of Ceylon goes to Sir Ernest De Silva, a lankan business tycoon and industrialist. After independence from the UK, the control of the bank went to Central Bank of Sri Lanka. 

Mr. Kanchana Ratwatte is the Chairman and Mr. Lalith Withana is the Executive Director of the Bank of Ceylon (BOC). 

Subsidiaries of Bank of Ceylon (BOC) 

The Bank of Ceylon (BOC) has many subsidiary units working under its umbrella leadership and they are given below as follows:

  • Property Development PLC.
  • BOC Travels (Private) Limited.
  • Ceybank Asset Management Limited.
  • Transnational Lanka Records Solutions.
  • Southern Development Financial Company.
  • Merchant Bank of Sri Lanka and the Finance PLC.
  • BOC Management & Support Services (Private) Limited.
  • BOC Property Development & Management (Private) Limited.

Banking Services offered by Bank of Ceylon (BOC) 

Various banking services are offered by the Bank of Ceylon and it is given below as follows:

  • Leasing.
  • E-Banking.
  • Debit Cards.
  • Credit Cards.
  • Term Deposits.
  • Personal Loans.
  • Savings Account.
  • Current Account.
  • Smart Passbook.
  • Educational Loan.
  • Personalised Cheques.
  • Clubs and Society Account.
  • BOC Smart Salary Account.

Loans and credit facilities provided by Bank of Ceylon (BOC) 

  There are various loans offered by the Bank of Ceylon and it is given below as follows:

  • Term Loans.
  • Home Loans.
  • Gold Loans.
  • Holiday Loan.
  • Personal Loan.
  • Education Loan.
  • Credit Card Limit.

  Awards and Recognition       

  • No 1 Banking Brand for the 13th consecutive year by Brand Finance.
  • Best digital enabled product” for SmartPay at SLT Zero One Award.
  • Best HR Organisation to Work For – Global HR Excellence Awards 2020.
  • Best Employer Brand Award – Sri Lanka Best Employer Brand Awards 2020.
  • 1st runners up award for “Best use of mobile” for SmartPay at SLT Zero One Award.
  • People’s Banking Service Provider of the Year - SLIM Nielsen People’s Awards 2021.
  • Top Employer 2020 – Ranked amongst the top 20 employers of CIMA members – CIMA.
  • SLIM-Kantar People's Awards 2022”, found that Bank of Ceylon is the Best Service Provider of 2022.
  • Sri Lanka's No 1 Bank among Top 1000 banks and the Top 500 largest banks in Asia Pacific Region by “The Banker “globally renowned British Magazine.

Bank Of Ceylon has 2 IFSC connected branches in India. Bank has branches in following states:

  • TAMIL NADU

Search IFSC codes of banks using name, pincode, branch name of banks


Project Report for Bank Loan in 5 minutes

Generate Accurate and globally accepted project report for financing

GENERATE PROJECT REPORT