Kavan Ratnayaka has stepped down from his role as the Independent, Non-Executive Chairman of the Bank of Ceylon (BOC). The announcement was made in a disclosure to the Colombo Stock Exchange, effective September 22. Ratnayaka had been appointed to the position in March 2024.
Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, has proudly announced its inclusion in The Banker magazine’s esteemed list of Top 1000 World Banks for 2024. BOC stands as the only Sri Lankan bank to secure a place on this prestigious list, marking another milestone during its 85th anniversary celebrations. As a cornerstone of
The Bank of Ceylon (BOC) has unveiled a groundbreaking initiative aimed at supporting young entrepreneurs in Sri Lanka. The new program, designed to counteract brain drain and foster local talent, includes collaborations with organizations such as IDB, SED, NAITA, and EDB, as well as other governmental entities. Moving beyond traditional banking services, BOC’s ‘beyond banking’
In a major boost to Sri Lanka’s agricultural sector, a Memorandum of Understanding (MoU) was signed yesterday at the Presidential Secretariat to provide interest-free loans to agribusiness entrepreneurs and farmers. This marks the beginning of the Agricultural Modernisation Program’s first phase. The MoUs were formalized between the Bank of Ceylon, the Regional Development Bank, and
Sri Lanka’s cabinet has approved five companies to operate foreign exchange counters at Bandaranaike International Airport, according to Minister Bandula Gunawardana. Following a competitive tender process, the selected firms are Bank of Ceylon, People’s Bank, Sampath Bank, Commercial Bank, and Thomas Cook. The franchise agreements will be effective for three years.