Sri Lanka’s No. 1 bank, the Bank of Ceylon, re-launched its Disaster Recovery Center (DRC) with state-of the-art technology and new facilities recently.
With the introduction of the added facilities at the new premises, the DRC is now able to face major disruptive events that may interrupt customer service with greater confidence. The bank has always taken the required precautionary measures to recover quickly from any interruption to customer service.
The new DRC was ceremonially opened by Bank of Ceylon Chairman Ronald C. Perera and Bank of Ceylon General Manager D.M. Gunesekara in the presence of senior management on 6 May 2017.
DRC provides the resources to reestablish information technology services at an alternate site following any disruptive situation. Therefore the facilities at the new DRC of the bank ensure the availability of critical business operations during a disaster and help to manage the potential risk to the bank’s customers and financial market. Critical Business Operations include Retail and Corporate Banking, Offshore Banking, International and Treasury operations, ATM services and much more.
Earlier this year BOC introduced mobile branches as a fully-fledged branch running on wheels which can be deployed in disaster recovery support whenever required. Financial sector DRC operations are highly regulated and monitored by the Central Bank of Sri Lanka.
Leading the Sri Lankan banking industry with over 77 years’ experience, the Bank of Ceylon has become the most stable and trusted bank in the country which serves Sri Lankans from all walks of life, helping them build their lives and make themselves financially stable while uplifting the country’s economy.
The bank earned global recognition as one of the top 1000 banks in the world, (country rank No. 1) as listed by The Banker Magazine (UK) respectively in 2012, 2013, 2014, 2015 and 2016. The bank has passed exceptional milestones in recent years such as becoming the first to gain over Rs. 1.5 trillion in assets, over Rs. 1 trillion in deposits and over Rs. 1 trillion in advances.
Focusing on the bank’s achievement, Fitch Rating Lanka rated the Bank of Ceylon AA+(lka), which is the highest rating awarded to a local commercial bank and ICRA (lk) awarded it a AAA rating, which is the highest credit quality rating issued by ICRA Lanka.