Bank of Ceylon facts for kids
BOC tower (left) with the WTC twin towers (right)
|Industry||Banking, financial services|
|Founder||Sir Ernest de Silva (Founder-Chairman)|
|Headquarters||BOC Square, Bank of Ceylon Mawatha, Colombo, Sri Lanka|
|Ronald C Perera, President's Counsel (Chairman)
Senarath Bandara (General Manager)
|Services||Retail banking, corporate banking, investment banking|
|Revenue||US$ 1.316 billion (2019)|
|US$ 413 million (2019)|
|US$ 126 million (2019)|
|Total assets||US$ 13.29 billion (2019|
|Total equity||US$ 780 million (2019)|
Number of employees
Bank of Ceylon is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo. The Bank has a network of 628 branches, 689 ATMs machines, 123 CDM network and 15 loan centres. In addition to the local presence, the bank maintains an off-shore banking unit in the head office in Colombo, and three branches in Malé, Chennai and Seychelles, and subsidiary in London.
BOC was founded in 1939, with Sir Ernest de Silva as its first chairman. At the time, Ceylon was a British colony and the then governor Sir Andrew Caldecott ceremoniously opened the bank on 1st August. The English government introduced the banking arm for for its government-oriented businesses. Two years later, in 1941, BOC started to expand beyond the city of Colombo. It opened its first branch in Kandy. Subsequently, BOC added branches in major cities such as Galle, Jaffna, Kurunegala, Batticaloa, Trincomalee, Badulla and Panadura.
Bank of Ceylon Facts for Kids. Kiddle Encyclopedia.