Thursday Nov 13, 2025
Thursday Nov 13, 2025
Thursday, 13 November 2025 00:22 - - {{hitsCtrl.values.hits}}
The Bank of Ceylon (BOC) is set to establish an Information Technology Institute to enhance its digital capabilities, improve IT operations, and support the bank’s digital transformation initiatives, following approval from the Cabinet of Ministers on Monday.
In response to evolving customer demands and the need to maintain competitiveness in the banking sector, the BOC plans to launch the institute under the name BOC IT Solutions Ltd.
“This move revives and transforms the earlier BOC Management and Support Services Ltd, which was originally set up in 1992 to meet the manpower needs of the bank and ceased operations in 2007,” Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing yesterday.
He said the newly established institute will be staffed with IT professionals tasked with optimising the bank’s IT operations and delivering advanced information and communication technology solutions to provide services that facilitate digital transformations.
The proposal to this effect was submitted by President Anura Kumara Dissanayake in his capacity as the Finance, Planning and Economic Development Minister and was approved by the Cabinet of Ministers.
