Bank of Ceylon (BOC) has once again been recognized as one of the Top 1000 World Banks by The Banker magazine, published by the Financial Times in the UK.
BOC has been ranked as the highest Sri Lankan bank on this list. The Top 1000 World Banks Ranking is a widely respected global study of the banking sector. It evaluates banks worldwide based on their Tier 1 capital strength, asset quality, profitability, and their ability to maintain stability in challenging economic conditions.
This international recognition comes at a time when Bank of Ceylon is experiencing strong financial performance. In 2024, the bank reported the highest profit in Sri Lankan banking history, achieving a remarkable 106.9 billion rupees. The positive trend has continued into 2025, with a profit before tax of 30 billion rupees reported in the first quarter alone.
BOC has played a crucial role in stabilizing and strengthening the country’s financial system during a period of economic difficulty. Through its Business Revival and Rehabilitation Unit (BRRU), the bank has assisted entrepreneurs, industries, and individuals facing challenges, with a particular focus on reviving small and medium-sized enterprises (SMEs) and micro, small, and medium enterprises. The bank supports youth-led businesses, women entrepreneurs, and export-oriented industries. It has introduced modern technology, including drones, to improve efficiency in agriculture and enhance competitiveness in the export sector.
BOC has the largest banking network in Sri Lanka, with over 2,300 touchpoints and 660 branches. It leads the market in foreign remittances, thanks to the BOC SmartRemit mobile app that simplifies sending and receiving money from abroad.
