BOC

The World HRD Congress once again recognized the Bank of Ceylon as one of the “Best HR Organizations to Work for” at the 27th edition of the annual Global HR Excellence Awards held for the year 2019 which took place at Taj Lands End, Mumbai, India in February 2019. This was the second consecutive year the bank was recognized for its best practices in the field of Human Resources. The event was organized to encourage HR practitioners who are organized for a professional cause benchmarking best HR practices. The Bank’s Assistant General Manager Human Resource Mr. Damma Wijayawardene and the Chief Manager Superannuation Mr. Samantha Wimalasiri received the award from the Dr. Michelle Reina and Dr. Dennis Reina, (Co - Founder, Reina A Trust Building® Consultancy).

The Bank believes its Human Resources are the key element behind its success. The Bank’s HR policy ensures that it maintains a culture of contribution and innovation at work; consistently improving the HR Policy by measuring organizational health and inculcating values that help to achieve its vision; being a Social Employer and developing future leaders in the organization. This award recognizes the efforts the Bank has made for effectively managing a work force of over 9000 and driving them to reach the Bank’s strategic goals and maintaining itself as the No.1 Bank in the country. “The Bank considers its team of employees as one of its greatest strengths. Every effort is being made to ensure the well-being of staff. The attrition rate, which is below 1%, is one of the lowest in the industry, which speaks volumes of the bank’s HR management processes. Right from the start of their careers, all new recruits are provided with an induction training so that they can easily blend into the culture and work ethics of the Bank.” stated the Deputy General Manager Human Resource, Mr. K.E.D. Sumanasiri.

The Bank of Ceylon was also recognized as one of the “Best Employer Brands 2017” and “the Best Bank in the Public sector” at the Banking and Finance services Industry (BFSI) excellence and leadership Awards 2017, at an event hosted by the World HRD Congress in 2017, citing criteria such as leadership and vision, Inspiration and Engagement, Commitment and Delivery, Future Orientation, integrity and ethics and ability to sustain. Brand “BOC” was conferred the title “Asia’s Best Employer Brand for 2016” endorsed by the Employer Brand Institute, World HRD Congress.  It also won the silver award at the People Development Awards 2016/17 conducted by the Sri Lanka Institute of Training and Development (SLITAD). The award was in recognition of the bank’s continuous endeavour to train and develop its human resources to ensure an efficient banking service to the nation.

The Bank has a Training and Development Policy which identifies the development needs of each and every employee and provides training in the required areas for their development. Its main objective is to identify and conduct training and development programmes based on the business requirements. The bank has allocated a significant annual training budget to cover these training programmes to ensure their quality and the effectiveness of those. Investment in training and development is done with the intention of enhancing and updating the job related knowledge of employees, thus helping them to provide a better service to customers and perform their duties more efficiently, while also developing their knowledge and fulfilling their career aspirations.

Photo Caption:

The Bank’s Assistant General Manager Human Resource Mr. Damma Wijayawardene and the Chief Manager Superannuation Mr. Samantha Wimalasiri receiving the award from the Dr. Michelle Reina and Dr. Dennis Reina, (Co - Founder, Reina A Trust Building® Consultancy)

 

The Bank of Ceylon’s newest branches were opened at Domagahawela and Sewanagala in the Uva Province recently to add convenience together with the novel digital banking technology to customers in those areas. BOC Sewanagala was ceremoniously opened at the No. No.23, Danduma Junction, Sewanagala by the Minister of Public Administration, Management, Law and Order Hon. Ranjith Maddumabandara as Chief Guest and Member of Parliament, Deputy Speaker of Parliament Hon. Ananda Kumarasiri as Guest of Honor. The new Dobagahawela branch was also opened ceremoniously by Minister of Public Administration, Management, Law and Order Hon. Ranjith Maddumabandara as Chief Guest. The Bank’s Chairman President’s Counsel Mr. Ronald C. Perera, CEO/ General Manager Mr. Senarath Bandara, Deputy General Manager Sales and Channel Management Mr.C.Amarasinghe and Assistant General Manager Uva Province Mr. A.G. Sirinimal and his staff were present at both opening ceremonies of both branches. The new Dombagahawela branch is situated at the Main Street, Dombagahawela. Opening of these two new branches were carried out as a strategic move to add more convenience in terms of digital touch for its customers in the Uva Province. Managers of respective branches officiated these events and customers and well wishers of respective branches too attended these events.

 

Bringing in the digital aspect of banking to every nook and corner in the country the Bank is in the process of strategically spreading its technology to all its branches. These branches are also connected to the rest of the 631 branches through a centralized network thus allowing customers to transact real-time with any of the branches in the network spread across the country. Customers of Bank of Ceylon are digitally empowered to transact anytime of the day with its interconnected 24 x 7 operative ATM/ CDM and CRM network which consist of over 1071 customer service points spread across the country.

These two newly opened branches will offer a wide array of banking services to its customers such as current and local or foreign currency savings/ Fixed Deposit accounts, children’s and Senior Citizen’s savings accounts and saving plans, housing and personal loans, special loans schemes such as Thurunu Diriya, Enterprise Sri Lanka loans, education loans, Leasing and pawning facilities. Customers can also avail themselves of Debit or Credit cards, Micro and SME financing facilities and international money transfer/remittances services. These branches have the 24 hour self-serving “SmartZone” that includes a CRM (for Cash Deposits and Withdrawals) and ATMs so customers have the freedom to transact at their convenience anytime of the day. The Bank invites all residents of the area to experience superior banking services at these branches.  

Photo Caption:

Minister of Public Administration, Management, Law and Order Hon. Ranjith Maddumabandara  and Member of Parliament, Deputy Speaker of Parliament Hon. Ananda Kumarasiri at the opening of the Sewanagala branch. The Bank of Ceylon’s Chairman President’s Counsel Ronald C. Perera, the General manager Mr. Senarath Bandara and other officials of BOC are also in the picture.

 

The Bank of Ceylon’s Katunayake IPZ Branch relocated to its new premises recently. The opening ceremony held with the participation of the Bank’s Deputy General Manager Sales and Channel Management Mr. C. Amarasinghe, Assistant General Manager Western Province North-Mr. Priyal Silva and other bank officials. This was a strategic move to add more convenience for customers in the area. The Manager of the Katunayake IPZ branch together with staff members of the Branch officiated the event and customers and well wishers also attended the ceremony.

Bringing in the digital aspect of banking to every nook and corner in the country, the Bank is in the process of strategically spreading its technology to all its branches. This branch too is connected to the rest of the 628 branches through a centralized network thus allowing customers to transact real-time with any of the branches in the network spread across the country.

This newly opened Katunayake IPZ branch will offer a wide array of banking services to its customers such as current and local or foreign currency savings/ Fixed Deposit accounts, children’s and Senior Citizen’s savings accounts and saving plans, housing and personal loans, special loans schemes such as Thurunu Diriya, Enterprise Sri Lanka loans, education loans, Leasing and pawning facilities. Customers can also avail themselves of Debit or Credit cards, Micro and SME financing facilities and international money transfer/remittances services. This branch has the 24 hour self-serving “SmartZone” that includes a CRM (for Cash Deposits and Withdrawals) and ATMs so customers have the freedom to transact at their convenience anytime of the day. The Bank invites all residents of the area to experience superior banking services at Katunayake IPZ branch.

 

Commemorating the international Women’s Day that falls on March 8th, the Bank of Ceylon invites all Sri Lankan women to step in and enjoy special discount offers that will be awarded through BOC Credit/ Debit Cards from March 8th till March 15th 2019 and cash back offers to Kantha Ran Ginum (KRG) account holders from selected vendors on March 8th 2019. The special cash back offer is available for the first transaction of the BOC Debit/Credit card made at the selected shops/ vendors on March 8th 2019. Every regular KRG account holder will receive a cash back of 5% (up to a maximum of Rs.500/-) and a SmartGen KRG account holders will receive a cash back of 10% (Up to a maximum of Rs.1000/-).

In line with the Bank’s digital transformation BOC KRG can also be converted or opened under SmartGen as a fully digitalized account where a passbook is no longer required to operate the account where customers are given the freedom to do banking anytime anywhere seamlessly through online banking facility which comes absolutely free. Customers can also walk into any BOC branch for transactions as the customer’s photograph and signature are captured digitally at the time of account opening that adds more safety to the account. SmartGen also comes with a free SMS facility on transactions carried out on the account. It sends a month-end email statement to the customer to a given email address. With the technology that offers the comfort and safety the women deserves, SmartGen KRG account can be reached via B-App- mobile banking app, Smart online banking, Smart Pass book- easy reference to account maintenance and Smart FD- the scrip-less fixed Deposit option. These features have empowered the customer to transact wherever and whenever she wants with peace of mind and confidence. Staying in touch with your financials is made easy with the ability to access information and receive updates immediately upon click of a button. Requesting standing orders, fund transfers among own BOC accounts or third party BOC accounts and other Bank accounts, utility bill payment, downloading bank statements, paying Credit Card bills and ETF and getting quick updates on foreign exchange interest rates too can be done easily via these applications.

Addressing emergency cash requirements/ or deposits that could happen at anytime anywhere across the country, BOC has set up 778 ATMs and 175 CDMs/ CRMs that are 24 hour operative all 365 days a year. State-of-the-art “BOC Digi” centres provide an upscale self-servicing banking facility to customers who look for ultra-modern banking facilities. The Bank currently maintains two such BOC digi centres one in Kandy City Centre and World Trade Centre Colombo. Soon this facility will be extended to every province to provide the novel digital banking experience to the modern customer. Upon dialing “1975” via any telephone connection customers can reach the Bank’s call centre to convey any concern that can occur anytime of the day that may include loss of Credit/ Debit Card, quick references to transactions made or similar.

BOC Kantha Ran Ginum (KRG) is a unique savings account that assists Sri Lankan women to accomplish their aspirations in life. BOC KRG account promises an additional 0.5% interest over the normal savings account and a free life insurance cover amounting to ten times of the minimum balance in the account, maximum of Rs. 500,000/- until she turns 60 (conditions apply). The account holder is also entitled to other facilities including an instant loan facility up to a maximum of 90% from the account balance, on-line banking, SMS banking and a debit card facility.

The role of women in the current world is becoming more and more important day by day. It could be on the home front or at work that women today require the courage and financial strength to fulfill her duties and achieve her dreams in life together with her family. The prime women’s savings account in the country BOC Kantha Ran Ginum pays tribute to Sri Lankan women for their untiring efforts to build a financially secured future for herself and her family.

 

Two Thousand highflyers of 2018 Grade 5 scholarship examination were felicitated by The Bank of Ceylon’s “Ran Kekulu Scholarships 2018” at ceremonies conducted island wide. The main ceremony concluded with glamour at the BMICH Colombo and nine other similar events were also held on province base on the same day with the participation of respective students and their parents. This main ceremony was held with the participation of the Bank’s Chairman President’s Counsel Mr. Ronald C. Perera as the Chief Guest by invitation of the CEO/ General Manager Mr. Senarath Bandara. Further twenty five differently abled students who have passed the Grade 5 scholarship examination 2018 offered them with scholarships worth Rs. 15,000/- on the 22nd February 2019 and there will be a monthly grant of Rs. 1000/- till the student passes through O/L examination. Six of these students were felicitated at the main ceremony held at BMICH Colombo. This additional commitment was undertaken by the Bank in good faith to assist courageous youngsters with special needs with that extra strength they need to achieve life ambitions.

On part of its CSR initiatives, the bank conducts scholarship programs, for both Grade 5 and A/L examination highflyers who have excelled in their respective exams, to appreciate the courage and dedication shown by students to become scholars thereafter commit to economic development of the country. The Bank has been conducting the Grade 5 scholarship examination since 2002 offering higher education scholarships to achievers across the nation. This scholarship offer is available for Ran Kekulu (RKG) account holders apart from many other benefits that are lined up together with the account. In order to become eligible for this special value addition RKG account holders maintained a minimum balance of Rs. 5000/- on the day before 2018 Grade 5 scholarship results was released. 2000 exceptionally performed students based on the marks received at the examination were selected from the pool of eligible applicants.

Ran Kekulu accounts always carry an additional 1% above the normal interest rate. This account is also linked with free life insurance cover for the parent or guardian to a maximum of Rs.500,000/- (minimum balance of Rs.5000/- should be maintained for a period of six months or more prior to the incident). Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs. One Million. The child will also get a free medical insurance cover up to Rs.100,000/- per annum in the event of an accident or 10 specified critical illnesses requiring hospitalization in a private hospital for more than one night (minimum balance of Rs.5000/- should be maintained for a period of six months prior to the incident/illness). In case of being admitted to a Government hospital requiring hospitalization for more than three nights the insurance cover would be Rs.600/- per day, for a maximum period of 30 days (conditions apply).

Photo caption:

 

The Bank of Ceylon's Chairman, President's Counsel Mr. Ronald C. Perera and the CEO/ General Manager Mr. Senarath Bandara handing the scholarship offer letter, certificate and the Gold Medal to a student. CFO/ DGM Corporate and Offshore Mr. Russel Fonseka, DGM Sales and Channel Management Mr.C. Amarasinghe, CMO Dr. Indunil Liyanage and AGM Marketing Mrs.Priyanthi Wijesekera are also in the picture. 


 

Country’s No.1 Bank, Bank of Ceylon has organized its unique “Leasing Pola” a leasing promotion campaign on the Gatambe MC Grounds- Central Province from 1st to 2nd March 2019. This will be held together with motor vehicle companies such as TATA, DIMO, AMW, DPMC and United Motors, Vehicle importers such as OJT, NIKOBA and Indra Traders, Insurance companies and vehicle modification and service centre agents in the region. Organizers have also planned food stalls and play area for children as to serve those who would be visiting the Gatambe MC Grounds on these days.

BOC offers the best competitive rates in the market for leasing and this comes with a most flexible rental scheme that suits the customer purchasing motor vehicles ranging from cars to heavy vehicles. Also flexi rental payments can be decided on a case by case basis to fit the repayment capacity of the customer. Customers could plan their future expenses and discuss the repayment plan with the bank officials. Since BOC understands customer requirements well, the bank officials will formulate the best repayment plan based on the monthly income of the customer. There is a specially designed BOC lease facility available for professionals with extended privileges. The uniqueness of the Bank’s Leasing Facility is that it does not include hidden charges for the customers and the facility can be obtained within few hours provided all necessary documents are in order. The repayment can be made through any of the 631 branches and 293 CDM/ CRMs spread across the country or digital banking facilities such as “Smart Online Banking” and “B-APP” mobile banking.

 

The Bank of Ceylon’s Team to the IBSL Interbank Quiz competition won the championship of the competition for the third consecutive year beating the team from Commercial Bank of Ceylon PLC during the competition held recently. The Former Deputy Governor of Central Bank of Sri Lanka, Dr. W.A. Wijewardhene was the Chief Guest for the evening of which the Quiz competition was held. The award ceremony of the same was held in line with the 25th annual convocation of the Institute of Bankers of Sri Lanka at the BMICH Colombo and the trophy was presented at the IBSL convocation ceremony by former Assistant Governor of CBSL Mr.C.P.A. Karunathilake. The BOC team consisted of Pramod De Silva (Team Leader), Kavidu Perera, Chathura Athukorala and Supun Liyanage. This also was the first time that the same four member team won the championship for all three years.

IBSL Quiz competition is an annual event which is considered very important in the IBSL’s event calendar and also of the participating Banks. Every year leading Banks and Financial institutions in Sri Lanka seriously look forward to win this competition by presenting their best quiz teams. This year too over twenty teams participated with the ambition of winning this championship.

Photo Caption:

(Left) Former Assistant Governor of CBSL, Academic Advisor of IBSL Mr.C.P.A Karunathilake handing the trophy to Promod De Silva (Team Leader). (Right) Kavindu Perera, Pradod De Silva, Former Deputy Governor of CBSL Mr. W.A. Wijewardhene, BOC’s CEO/ General Manager Mr. Senarath Bandara, DGM Sales and Channel Management Mr. C. Amarasinghe, Chathura Athukorala and Supun Liyanage after winning the competition.

The Bank of Ceylon’s “Ran Kekulu Scholarships 2018” main ceremony for Grade 5 Scholarship achievers of 2018 is scheduled to take place at the BMICH Colombo on Friday February 22, 2019 with the participation of respective students and their parents. This main ceremony will award 322 students who have applied through Western Province South with the participation of the Bank’s Chairman President’s Counsel Mr. Ronald C. Perera as the Chief Guest by invitation of the CEO/ General Manager Mr. Senarath Bandara. Parallel to the main event all other nine provinces will also conduct similar ceremonies on the same day. Through these the Bank will altogether be awarding 2000 scholarships on the same day.

The Central Province event is scheduled at the Hindu Association Kandy Trust- Kandy, Eastern Province event will take place at Vincent Girl’s High School- Batticaloa, North Central Province event is scheduled at Anuradhapura Youth Centre, Northern Province event to take place at two places namely at Green Grass Hotel Jaffna and Oviya Hotel Vavuniya. North Western Province event will be held Western Salute Hotel- Kurunegala. The Sabaragamuwa Province event will take place at the public Library auditorium- Ratnapura -New Town, Southern Province event will take place at the Grand Navro Hotel Matara, Uva Province event to take place in River side Holiday Inn-Badulla and Western province North event to take place at Bishop’s College Auditorium.

As a part of its CSR initiatives, the bank will make its appreciation of the courage and dedication shown by twenty five differently abled students who have passed the Grade 5 scholarship examination 2018 by offering them a scholarship of Rs. 15,000/- on the 22nd February 2019 and a monthly grant of Rs. 1000/- till the student passes through O/L examination. Six of these students will be felicitated at the main ceremony held at BMICH Colombo.

 

Mr. Ronald C Perera, President’s Counsel, has been reappointed as Chairman, Bank of Ceylon by Hon. Mangala Samaraweera, Minister of Finance and Mass Media. He assumed office on Thursday 14th February 2019. Mr Perera was the Chairman of Bank of Ceylon from 28th January 2015 until 18th November 2018.

Having studied at St. Joseph’s College, Colombo Mr. Perera is a LLB graduate from the University of Colombo and also holds a LLM in International Trade Law from Northumbria University. Mr. Perera was appointed as a President’s Counsel in 2012. He was a Director of the Bank of Ceylon on a previous occasion.

Mr. Perera is an experienced lawyer with a wide practice in the original courts as well as in the Court of Appeal and Supreme Court. He has wide experience in Civil and Criminal litigation, negotiation and drafting of commercial and transport contracts and agreements. He has specialized in Commercial Law, Banking Law, Industrial Law, Injunctions, Defamation, Election Petitions, Civil Appeals, Revision Applications, Writ Applications, and Fundamental Rights Cases. Additionally, he has appeared in several Commercial Arbitrations.

 

 
The Bank of Ceylon’s Paranthan and Waddukodai Branches situated in the Northern Province were relocated at their new premises recently to add convenience to customers in the area. BOC Paranthan was ceremoniously opened by the Bank’s Deputy General Manager- Sales and Channel Management Mr. C. Amarasinghe with the participation of Assistant General Manager-Northern Province Mr. M.J. Prabaharan with other officials. The newly located Paranthan branch is now at the A9 Road, Paranthan Junction, Paranthan. The newly located Waddukodai branch was opened ceremoniously by the Assistant General Mr. M.J. Prabaharan at the No. 20, Navaali Road, Vaddu South West, Vaddukoddai address. This was a strategic move to add more convenience in terms of digital touch for its customers in the area. Managers of respective branches officiated these events and customers and well wishers of respective branches too attended these events. 
 
Bringing in the digital aspect of banking to every nook and corner in the country the Bank is in the process of strategically spreading its technology to all its branches. This branch too is connected to the rest of the 628 branches through a centralized network thus allowing customers to transact real-time with any of the branches in the network spread across the country. 
 
These newly opened two branches will offer a wide array of banking services to its customers such as current and local or foreign currency savings/ Fixed Deposit accounts, children’s and Senior Citizen’s savings accounts and saving plans, housing and personal loans, special loans schemes such as Thurunu Diriya, Enterprise Sri Lanka loans, education loans, Leasing and pawning facilities. Customers can also avail themselves of Debit or Credit cards, Micro and SME financing facilities and international money transfer/remittances services. These branches have the 24 hour self-serving “SmartZone” that includes a CRM (for Cash Deposits and Withdrawals) and ATMs so customers have the freedom to transact at their convenience anytime of the day. The Bank invites all residents of the area to experience superior banking services at these branches.   
 
Photo Caption:
Moments captured during BOC Paranthan and BOC Waddukodai Branch openings.
BOC

 

 

 

 

Management Trainees 2016/2017

 

1.

No. of candidates sat for the selection examination held on 29.01.2017

-

8790

2.

No. of candidates  
a) Successful at the examination
-
2397

 

b) Not Successful at the examination

-

6393

3.

No. of candidates interviewed
(based on the merit order of each district and number of vacancies for each district – district basis)

-

1250

 

4.

No. of selected Management Trainees

-

346

5.

Letters were sent to the selected Management Trainees on 06.09.2017

 

 

 

Click here to download : List of selected Management Trainees