Bank of Ceylon

Key details

• Parent: assets

Overview

Bank of Ceylon is Sri Lankan state-owned commercial bank + Government of Sri Lanka via Ministry of Finance fully owned + Sri Lanka's largest commercial bank by assets + founded Aug 1 1939 as Sri Lanka's first locally-owned commercial bank by then-British Ceylon colonial government [1, lk-cro].

History

Aug 1 1939 — Bank of Ceylon BoC founded as Sri Lanka's first locally-owned commercial bank by then-British Ceylon colonial government distinctive Sri Lankan banking heritage.

1961 — Bank of Ceylon nationalised by Sri Lankan government.

2014 — BoC SmartPay mobile banking app launch.

Ownership & operator

Operating entity: Bank of Ceylon BoC (Sri Lankan state-owned commercial bank; Government of Sri Lanka fully owned).

Major shareholders: Government of Sri Lanka (Ministry of Finance) fully owned.

Regulators: CBSL Central Bank of Sri Lanka + national regulators across 7+ countries.

Technical integration

BoC SmartPay mobile app (iOS + Android) + boc.lk online + Bank of Ceylon branch network across Sri Lanka + UK + US + India + Maldives + Bangladesh + Seychelles international branches + BoC Visa + Mastercard cards; LK IBAN + LankaQR.

Implementations & partners

Major Sri Lankan banking + payments competitors: [[commercial-bank-ceylon]] (Commercial Bank of Ceylon ComBank; CSE: COMB; Sri Lanka's largest private commercial bank by assets) + [[hatton-national-bank]] (Hatton National Bank HNB; CSE: HNB; Sri Lanka's #2 private commercial bank by assets) + [[sampath-bank]] (Sampath Bank; CSE: SAMP; Sri Lankan commercial bank) + [[peoples-bank-srilanka]] (People's Bank Sri Lanka; Sri Lankan state-owned commercial bank; Sri Lanka's #2 state-owned commercial bank) + [[dfcc-bank]] (DFCC Bank; CSE: DFCC; Sri Lankan commercial bank) + [[seylan-bank]] (Seylan Bank; CSE: SEYB; Sri Lankan commercial bank) + [[ndb-bank]] (NDB Bank National Development Bank; CSE: NDB; Sri Lankan commercial bank) + [[nation-trust-bank]] (Nations Trust Bank; CSE: NTB; Sri Lankan commercial bank) + lankaqr (LankaQR Sri Lankan national QR payment scheme).

Regulators: CBSL Central Bank of Sri Lanka + national regulators across 7+ countries.

Status

Active, Sri Lankan state-owned commercial bank + Government of Sri Lanka via Ministry of Finance fully owned + Sri Lanka's largest commercial bank by assets + founded Aug 1 1939 as Sri Lanka's first locally-owned commercial bank by then-British Ceylon colonial government [1, 2].

Sources

• 1 BoC — official
• 2 BoC — Wikipedia
• lk-cro In-corpus: reports/countries/LK-sri-lanka.md

Source

Biography extracted from bank-of-ceylon.md. See matrix.md for standards-support matrix if present.