Bankers to the Nation
Bank of Ceylon is a fully state-owned bank, and the Country’s leading licensed commercial bank, with 23% of the industry's loans and advances and 23% of deposits in 2022. Being a Domestic Systemically Important Bank (D-SIB), BoC is deeply ingrained in the socio-economic landscape of Sri Lanka and has played a pivotal role in driving financial empowerment and economic growth of the Country for more than 80 years.
BoC has an extensive presence throughout Sri Lanka, while also operating three branches in India, the Maldives and Seychelles, a limited-service branch in Hulhumalé, and a fully-owned subsidiary in London, United Kingdom.
Business Lines
Retail Banking
Bank of Ceylon’s Retail Banking segment constitutes a range of lending, deposits, payment services, and transactional banking solutions targeting individuals, entrepreneurs, and SMEs.
Corporate and Offshore Banking
The Bank’s Corporate and Offshore Banking segment provides a variety of financial services including corporate funding and deposits, project financing, trade services, and offshore banking facilities for the large segments of the economy: Private sector, State sector and offshore operations.
International, Treasury, Investment and Overseas Operations
This cluster of the Bank’s operations consists of International Operations, facilitates on foreign currency related transactions; Treasury Operations, manages liquidity and undertakes fund management; Investment, which handles the Bank’s investment activities; and Overseas Operations, reflecting the Bank’s overseas branches.
Total assets
LKR 4.3 trillion
Total advances
LKR 2.6 trillion
Capital adequacy ratio
15.4%
Employees
8,209
Correspondent relationships
784
Total deposits
LKR 3.3 trillion
Profit before tax
LKR 31.0 billion
Equity
LKR 254.2 billion
Customer touch points
2,166
Our Market Position
BoC’s Competitive Advantage
Leading the market in terms of assets, deposits, loans, and advances
Dedicated to promoting social and environmental sustainability
The foremost financial services brand in Sri Lanka
Extensive customer penetration rate of more than 67%
Unmatched geographical coverage via a network of over 2,100 customer touch points across the Island
Trust and confidence instilled by being a fully state-owned bank
Market leader in inward remittances
Range of extensive lending, deposits and other financial service products
Large single borrower limit
Our Reach
The Bank of Ceylon has consistently held its place as the largest bank in Sri Lanka, determined by its assets, deposits, and loans and advances. The Bank’s extensive customer reach is facilitated by a network of more than 2,100 direct customer touch points, encompassing fully-equipped, limited-service, and mobile branches, SME centers, ATMs, CDMs, and CRMs distributed across the nine provinces by facilitating financial inclusion to the people who are living in the economically disadvantage areas and who are dealing with the informal financial market.
Beyond Sri Lanka, BoC also operates branches in Maldives, Seychelles, and India, and retains a footprint in the United Kingdom.
The Bank also engages with customers through a series of digital channels; web, and mobile including social media. For more details refer Customers section
Group Structure
The Group consists of subsidiary and associate companies as described below, operating across a range of sectors either directly related to the Bank's core business, or providing ancillary services that support the Bank's operations and activities.
