BOC promotes business loans

With over 77 years of steadfast record uplifting the business community in the country, the Bank of Ceylon is the No. 1 financial solution provider for businesses in Sri Lanka. With the knack of understanding true needs of Sri Lankan businesses, BOC caters them with the intention of helping them to grow their businesses further. BOCs Business loans have been catering every possible segment ranging from small scale retail businesses including product and service providers to manufacturers (food and agriculture, garments), exporters and import businesses etc. 

With the current favourable economic and general lifestyle condition that exists and innovative entrepreneurs have wider array of opportunities to grow and diversify their businesses with novel and creative ideas. The bank wish to offer its service to entrepreneurs who have good business proposition and know-how in the field and wish to start-up their own business and those who wish to expand or revitalise their current businesses. 

This facility can also be obtained for modernisation of the business or upgrading existing machinery and equipments, to fulfil working capital requirement or business diversification into new areas. BOC offers financial advisory services to meet the requirement of the business community in the country. 

“As the Bank of Ceylon maintains 627 branch network around the country with seven regional loan centres that have in-house expertise in handling these products, customers can fulfil their precise loan requirements in matter of days on receipt of complete set of most necessary documents presented,” stated Deputy General Manager Retail Banking C. Amarasinghe. The bank offers commercial loans at a very competitive market rate and many timely value added services. With the bank’s ongoing comprehensive digital transformation any loan scheme especially commercial loans can be obtained seamlessly at the time of need. 

‘Time’ is a precious factor in business world as businesses takes place around the clock; financial supply should be available as it happens. With the digital infrastructure that is in place with BOC, customers of BOC can earn the advantage over the time through POS Machines, online banking and 24 x 7 operative Smart Zones inclusive of CDMs. Businessmen can obtain many value added services such as Utility bill payments, employee salary payments to BOC or to any other commercial bank, custom duty payments, EPF/ETF (e-pay) and real-time online transaction monitoring for reconciliation purposes and SMS alert service for transactions made to stipulated accounts and credit cards.

Leading the Sri Lankan banking industry with over 77 years experience, the Bank of Ceylon has become the most stable and the trusted bank in the country that serves Sri Lankans from all walks of life helping them to build their lives and make themselves financially stable whilst 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 of Ceylon won the overall Gold Award at the NBEA Awards Ceremony 2015 with five other ‘Winner’ awards. The bank claimed its award as the only Sri Lankan brand recognised as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka ranked Bank of Ceylon as the country’s No. 1 brand for the last eight consecutive years. 

The bank has passed exceptional milestones in recent years such as becoming the first to gain over Rs. 1.5 trillion assets and over Rs. 1 trillion deposits. Focusing on the bank’s achievement, Fitch Rating Lanka ranked the Bank of Ceylon at AA+(lka) which is the highest rating awarded to a local commercial bank and ICRA (lk) awarded AAA rating which is the highest credit quality rating issued by ICRA Lanka. The Bank of Ceylon maintains international presence with three overseas branches and a subsidiary in London.