Bank of Ceylon commemorates 86 years of banking leadership and national service

Bank of Ceylon, today marks its 86th anniversary, marking a legacy that began on 1 August 1939 and has since evolved into an institution that is deeply interwoven with the country’s economic and social fabric.

Over the past eight decades, Bank of Ceylon has grown from a single branch in Fort to become the largest and most trusted financial services provider in Sri Lanka, with a strong international presence and a wide network serving millions of customers across the country.

The bank enters its 86th year on the back of its strongest-ever financial performance. For 2024, BOC reported a profit of Rs. 106.9 billion – the highest in the bank’s history. That momentum has continued into 2025, with the first quarter delivering a Profit before Tax of Rs. 30 billion.

BOC Chairman Kavinda de Zoysa said: “As we celebrate 86 years of service to the nation, Bank of Ceylon stands deeply honoured as a trusted financial partner to generations of Sri Lankans. Our legacy is built on resilience, innovation, and a deep commitment to empowering people, businesses, and the country at large. As we look ahead, we remain focused on driving inclusive growth, embracing digital transformation, and upholding the highest standards of governance and integrity. We are proud to be the Bankers to the Nation, yesterday, today, and tomorrow.”

“I extend my heartfelt gratitude to our valued customers for being with BOC. Your unwavering trust, confidence, and enduring loyalty have been the cornerstone of our success. We remain committed to serving you with excellence as we move forward together.”

“This journey would not have been possible without the dedication and professionalism of our exceptional staff. Across every branch, business line and function, their unwavering commitment continues to be the driving force behind our success. I extend my heartfelt appreciation to each and every one of them.”

“We also express our sincere gratitude to the Finance Ministry and the Central Bank of Sri Lanka for their continued guidance and support, enabling us to fulfil our national role and navigate the evolving financial landscape with confidence and purpose.”

In the aftermath of one of the most challenging periods in the country’s economic history, Bank of Ceylon has taken a leadership role in recovery and growth. Through its Business Revival and Rehabilitation Unit (BRRU), the bank has provided support to struggling businesses, helping to safeguard jobs, restore operations and rebuild industries. Special emphasis has been placed on creating opportunities for SMEs and MSMEs, empowering youth to turn their ideas into enterprises, and supporting women-led businesses to achieve financial independence.

The bank has also strengthened the export economy with initiatives to modernise agriculture. Among these is the introduction of advanced agricultural drone technology, which helps improve productivity, quality and competitiveness, benefiting both farmers and exporters.

Innovation and digital transformation remain central to BOC’s progress. Recent launches such as the BOC SmartRemit mobile app have simplified remittances for Sri Lankans abroad, allowing faster, more secure and convenient transfers. The bank continues to hold the largest market share in the foreign migrant remittance sector, reinforcing its position as a trusted link between Sri Lankans overseas and their families.

Environmental sustainability has also been prioritised with the introduction of a biodegradable debit card, one of the first of its kind in the Sri Lankan banking sector. This initiative showcases the bank’s intention to incorporate environmentally responsible practices into its core operations.

Today, Bank of Ceylon remains the only Sri Lankan bank in four countries, continuing to expand its global footprint. Despite the turbulence of recent years, the bank has maintained stability, ensuring uninterrupted services for customers, while contributing to the broader effort of rebuilding the economy.

General Manager/CEO Russel Fonseka said: “The Bank of Ceylon played a pivotal role during the country’s challenging times, serving as a pillar of stability and a trusted partner in national recovery. Our goal is to strengthen this position further and to build a more inclusive and modern financial ecosystem for Sri Lanka.”