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Bank of Ceylon facts for kids

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Bank of Ceylon
Government-owned corporation
Industry Banking, financial services
Founded 1939
Founder Sir Ernest de Silva (Founder-Chairman)
Headquarters BOC Square, Bank of Ceylon Mawatha, Colombo, Sri Lanka
Area served
Sri Lanka
United Kingdom
Key people
Ronald C Perera, President's Counsel (Chairman)
Senarath Bandara (General Manager)
Services Retail banking, corporate banking, investment banking
Revenue Increase US$ 1.316 billion (2019)
Operating income
Increase US$ 413 million (2019)
Increase US$ 126 million (2019)
Total assets Increase US$ 13.29 billion (2019
Total equity Increase US$ 780 million (2019)
Number of employees
Decrease 8,503(2019)

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.

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