BOC

 

Bank of Ceylon Wins Silver Award for Excellence in People Development

Bank of Ceylon clinched 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. SLITAD which was founded in 1998, believes in the value that learning, grooming, facilitating, developing and training adds towards building a progressive team. The need for individuals to evolve in core competencies as well as advantageous skills-set are more pronounced in today’s fast changing corporate landscape. Thus, the development of an organization’s Human Capital creates an advantage for organizations to build its competitiveness in the market. 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.

Bank’s training department identifies and conducts training and development programmes based on the business requirements. All these activities have been achieved through the bank’s annual training budget.

The bank has a code of conduct and a code of ethics that every employee is required to follow. The equal opportunity policy of the bank upholds the human rights of all employees and has taken all possible steps to ensure that employees are treated equally with appropriate dignity and respect and without discrimination. The Bank of Ceylon believes that a proper work-life balance will produce a contented workforce. The Bank has various clubs and societies that enables employees to engage in religious, cultural, and sports activities, which also helps maintain a work-life balance. Health and safety programmes are also conducted by guest lecturers, doctors and professionals in the field.

“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. The training and development programmes also help to motivate the employees of the bank and it also improves employee performance and efficiency, which in turn improves the bank’s key performance indicators” stated the General Manager/ CEO Mr. D. M Gunasekara.

The Bank maintains a performance appraisal procedure where employee targets and Key Performance Indicators (KPIs) are communicated in the beginning of each year and their performance is reviewed in the middle of the year, and also at the end of each year.

The Organisational hierarchy is structured based on the business and operational requirements of the Bank. The required capabilities, qualifications, experience and skills are identified based on the job role, duties, and responsibilities associated with the position.

“The Bank has a succession plan, where identified talented staff are groomed and encouraged through the talent management process to build their skills to take up the next level challenges. This ensures that the bank has a pool of talented people capable of taking up higher level challenges at all times. Training programmes and workshops are conducted for all levels of employees to highlight the importance of leadership skills. In addition, every employee is encouraged, trained and guided by their immediate supervisors to develop leadership skills. Supervisors are encouraged to train, coach and guide employees to make them ready to take up responsibilities in higher positions and diversified job roles” stated Mr. K.E.D. Sumanasiri, Deputy General Manager, Human Resources.

The bank’s reward and recognition policy sets out the process by which staff is rewarded for their commitment to supporting the bank’s objectives in their duties. The committee implements a policy to provide a coherent and practical approach to recognize the employee’s performances including teamwork beyond their assigned duties. The scheme is expected to encourage innovativeness and creativity in order to enhance the competencies of employees and improve efficiency to obtain a competitive advantage among other competitors.

The training department analyses the training needs of the various job areas in the bank and thereafter organizes training programmes in-house, locally and overseas. The Bank has an in-house training centre, (Central Training Institute), which is a fully equipped training centre with in-house trainers to facilitate the training process.  Employees are able to select the area of study that they would like to pursue and the bank reimburses the course fees of the relevant courses.

The Bank considers its team of employees as one of its greatest strengths. Every effort is 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 process. Right from the start of their career, all new recruits are provided with an induction training so that they can easily blend into the culture and work ethics of the Bank. All staff are provided with job-related training to ensure they have the requisite level of knowledge to perform their tasks. It also provides them the opportunity to build-up their knowledge and pursue their career aspirations.

The Bank has a mix of young staff and experienced employees which gives an ideal balance in terms of experience, maturity and dynamism. The Bank is committed to gender equality. The Management maintains a cordial rapport with all Trade Unions. Activities that promote staff engagement and a work life balance such as sports, health awareness programmes, and religious activities are conducted regularly. The health and well-being of the employees is also emphasized. An in-house doctor is available for the convenience of employees, in case of unanticipated illness at work. The Bank upholds human rights of all employees and all employees are treated equally with appropriate dignity and respect without discrimination. The Bank makes every effort to ensure employees maintain a healthy work-life balance.

 

 

 

Bank of Ceylon once again shines as the country’s No.1 brand at the Interbrand- Best Sri Lankan Brands 2017

 

The Brand “BOC” was recognized as the No.1 Sri Lankan Brand by the very first “Interbrand Best Sri Lankan Brands” convention conducted at the Hilton Colombo on the 11th December 2017. Prime Minister Ranil Wickremesinghe graced the occasion as the Chief Guest for this very first launch of this event pioneered by Interbrand, the world’s largest and most influential global brand consulting agency, in partnership with the Daily FT newspaper. Currently Interbrand is a New York based global brand consulting agency with twenty one offices in seventeen countries. It is highly recognized for its globally influential “Breakthrough Brands” and “Best Global Brands” reports and Webby Award-winning “brand channel”. Sri Lanka being in the Interbrand catalogue of countries is important as a chance for local companies to be on the global stage. The Prime Minister stated that it is impressive to see state banks performing well among Sri Lankan brands. Interbrand’s Global Director - Brand Valuation Mike Rocha, Strategy Director - Nation Branding Guido Van Garderen, Managing Director Interbrand India Ashish Mishra, Sri Lankan partner for Interbrand Michel Nugawela and several other officials from Interbrand were also present at this occasion. The Chairman, President’s Counsel Mr. Ronald C. Perera and Mr. D.M. Gunasekera, General Manager of Bank of Ceylon received the award on behalf of the bank.

Interbrand has calculated the Bank of Ceylon’s brand value as Rs.31.12 billion based on a well stipulated criteria for brand valuation. The financial performance of the brand, its role in influencing the customer’s choice and the strength of the brand to secure the company’s financial position and many other key elements are taken into account when calculating the brand value. Many indigenous well established brands operating in the country have been taken into account. 

The Bank of Ceylon’s “BOC” has been “The No.1 Brand” in the country for the last nine years as determined by Brand Finance Lanka too. With the pledge to commit as “Banker’s to the Nation” since its inception the Bank has been evolving with the needs and lifestyle of the Sri Lankan community to provide the financial assistance they require. The first and the only Sri Lankan single business entity to earn PBT of Rs.25.3 Billion for 2015 and PBT 31.2 Billion for 2016, BOC challenged its own record continuing its quest to strive for exceptional performance in all areas of banking. Two very significant achievements of BOC in the recent past were achieving over Rs. One Trillion in deposits in 2015 and Rs. One Trillion in loans and advances in 2016. The Bank’s asset value now exceeds over Rs. 1.8 Trillion and is the highest asset base owned by a single business entity in the country. Having a very strong balance sheet and the trust and confidence that had been built among public for the last 78 years paved the way to achieve this award. Receiving an award in the year in which the award is inaugurated is in itself quite an achievement.

 

“The Bank’s approach to cater to the very dynamic banking needs of its customer base has been the key factor behind BOC brand’s 78 year long success. Since its inception in 1939, Bank of Ceylon’s motive was the same as promoting social and economic development of the country and its people. As such the bank has been strategically adapting its products and services portfolio with the understanding of future social and economic trends that requires tailor-made banking and financial services” stated the Chairman, President’s Counsel Mr. Ronald C. Perera.

 

BOC has earned the trust of Sri Lankans and proudly caters to over 12 Million customers today. BOC offers the flexibility and convenience of a whole gamut of banking services under one roof for everyone from newborn to senior citizen and Micro entrepreneur to corporate business. In order to cater to this geographically diverse customer base, the bank has 630 branch network that is spread covering every nook and corner and owns the largest ATM/ CDM network in Sri Lanka with over 900 machines serving customers 24 hours 365 days. BOC was the first Sri Lankan bank to have marked its presence overseas with the opening of “BOC London” in 1949 at the epicenter of international banking at that time. Later BOC spread its foreign branch network to Chennai, Male and Seychelles. Apart from its own foreign branch network BOC maintains foreign correspondent banking network with over 860 foreign banks and exchange houses.

 

Mr. D.M. Gunasekera, the General Manager Bank of Ceylon stated that “BOC’s digital transformation completely changed the bank’s internal processes along with its customer interface and infused synergy to the whole Sri Lankan banking system. Along with the benefits of digital transformation BOC was able to embark on a sustainable growth together with the community. We have many “Green Banking” programme which together with digital technology infused transformation have introduced green processes, product and services and also strategies and green infrastructure that includes IT and physical infrastructure”.

 

With the time tested vision as “Banker’s to the Nation”, Brand BOC has delivered the best result for its true stakeholders, citizens and the Government of Sri Lanka to reach the pinnacle.

 

The Bank of Ceylon Wins the Gold Award for its 2016 Annual Report in the State Bank Category.

The Bank of Ceylon’s 2016 Annual Report won the Gold Award for the state bank category at the 53rd Annual Report Awards by Chartered Accountants (CA) of Sri Lanka. The award ceremony was organized by the Institute of Chartered Accountants of Sri Lanka to recognize the organizations that have promoted transparency, accountability and social responsibility in financial reporting.  The institute of Chartered Accountants of Sri Lanka has formulated this year’s theme as “Quintessence of Eminence” to select the most cohesive, clear and customized annual reports that best reflects an entity operation whilst going beyond its financial performance. The prime objective of the Institution CA of Sri Lanka was to encourage effective presentation of financial and non-financial information to stakeholders through fulfillment of compliance to legislative requirements and generally accepted accounting practices. 

“On behalf of all its stakeholders the Bank of Ceylon makes an effort to communicate its financial and non financial information in a holistic manner to represent the true nature of the bank’s performance. “BOC” from being a responsible services provider for its customers, whose integrity has been tested over a span of 78 years, the Bank has evolved to deliver a service which goes beyond mere banking to its community.” Stated the Chairman, President’s Counsel Mr. Ronald C. Perera.  In this regard BOC has won several awards in the recent past such as the merit award under state owned enterprises category for its 2015 Annual Report at the Excellence in Integrated Reporting Awards (conducted by the Institute of Certified Management Accountants of Sri Lanka to coincide with the CMA National Management Accounting Conference). Then again it was the winner at the Public Sector Banking Institutions at SAFA Awards 2015 organized by the South Asian Federation of Accountants –SAFA.

 “The Bank ensures that its annual report complies with the standards set by regulatory bodies and international reporting guidelines such as International Integrated Reporting (IIR) framework issued by the International Integrated Reporting Council and GRI G4 guidelines issued by the Global Reporting Initiatives (GRI) for sustainability reporting” stated the General Manager Mr. D.M. Gunasekara.

Leading the Sri Lankan Banking industry with over 78 years experience, the Bank of Ceylon has become the most stable and the trusted bank in the country that serves Sri Lankans from all walks of life helping them to build their lives and making themselves financially stable whilst uplifting the country’s economy. The Bank earned global recognition as one of the top 1000 banks in the world, (Country rank No.1) as listed by “The Banker Magazine” (UK). The Bank claimed its award as the only Sri Lankan brand recognized as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka has ranked Bank of Ceylon as the country’s No. 1 brand for the last nine consecutive years it was also conferred the Master Brand status for the year 2017- 2018 by the CMO Council Asia. The Bank has passed exceptional milestones in recent years such as becoming the first to gain over Rs.1.8 Trillion assets, over Rs.One Trillion Deposits and over Rs. One Trillion advances. Focusing on the Banks achievement, Fitch Rating Lanka ranked the Bank of Ceylon at AA+(lka) which is the highest rating awarded to a local commercial bank and ICRA Lanka Limited awarded AAA (SL) rating which is the highest credit quality rating issued by ICRA Lanka. The Bank of Ceylon maintains international presence with three overseas branches and a subsidiary in London

The Bank of Ceylon stands out as the winner for Economic contribution and Economic Sustainability at BCCS Awards 2017.

The Bank of Ceylon won two awards at the Best Corporate Citizen Sustainability Award Ceremony 2017 held recently at the Cinnamon Grand, Colombo. The Bank of Ceylon was recognized as the winner of the “Triple Bottom Line - Economic Sustainability (Profit) award” and also recognized as a “category winner – Economic Contribution award”. These two awards were awarded to the Bank in recognition of its sustainable business growth, economic value creation and contribution towards national economy. Organized by the Ceylon Chamber of Commerce the event was graced by His Excellency Kenichi Suganuma, Japanese Ambassador in Sri Lanka as the Chief Guest. The Keynote speaker was Mr. David Bent, a Global Expert on Corporate Sustainability. The Award Ceremony recognizes Business entities that have shown exemplary performances as sustainable corporate entities. By recognizing these corporate entities the Ceylon Chamber of Commerce encourages companies to follow triple bottom line- People, Profit and Planet- sustainability practices and build a sustainable cycle where the company’s long term sustainability thrives as much as it gives back to the community and every possible stakeholder.

“Living up to its promise as “Banker’s to the Nation”, the Bank of Ceylon has strategically built its three pillars around its entire scope of operations to reap benefits for all its stakeholders. As a State Bank, BOC’s objective is to assist the Government of Sri Lanka’s economic objectives that get translated into the whole country’s socio-economic development. Therefore, final beneficiaries of this whole process are all Sri Lankans in general. Currently BOC is the highest profit earning single business entity in the country. Its PBT of the year 2015 and 2016 were calculated as Rs. 25.3 Billion and Rs.31.2 Billion respectively” stated the General Manager Mr. D.M. Gunasekara. The Bank brought forward the Digital infused transformation that has enabled the Bank to reduce operational costs and contribute more towards its main stakeholder, the Government of Sri Lanka. With its ability to reach every economic segment in the country successfully with island wide network of branches and its vast array of products that can genuinely address the needs of these segments, Corporate Social Responsibility is actually an every-day business practice for BOC.

 “BOC” from being a responsible services provider for its customers, whose integrity has been tested over a span of 78 years, the Bank has evolved to deliver a service which goes beyond mere banking to its community. BOC has been with Sri Lankans throughout their joys and sorrows with great  empathy and helped them to outgrow their shells of socio-economic obstacles and become more economically-able to achieve their individual visions.  

Moving forward the Bank has formulated its comprehensive Sustainability Policy to address strategic placement of procedures and processes to strengthen the triple bottom line: Social, Economic and environmental pillars. Strategic Corporate Social Responsibility is embedded into Sustainability Policy of the Bank. The strategic implementation of digital transformation that commenced in early 2014 gradually replaced many of traditional procedures, policies and technologies and has laid down a solid foundation for the Bank to embark on “Green Banking”. The Bank of Ceylon has been engaged in green initiatives such as paper recycling, E-waste management, installing eco-friendly equipment, installing energy efficient lighting systems in branches and the head office, maintaining green gardens at selected branches with rain water harvesting systems. The solar powered system in selected branches is also a recent addition to the Bank’s Green Banking process. Engaging the society to walk along with this noble initiative the Bank planted 100,000 trees in line with the Bank’s 75th anniversary in 2014 gathering school children and public from all over the country. The Bank’s Kilinochchi branch was endorsed as a green branch recently as it was designed to have a solar energy system and utilizes space and architectural design to obtain more natural light and air, vertical green garden to keep the interior cool, rain water harvesting system and a SmartZone for digital banking. So far the Bank has established Solar Power renewable energy systems at twenty branches, including Thissamaharama and Kekirawa branches. BOC was also recognized as the highest financial assistance provider for Solar Power technology, at the ceremony held to mark the generation of 100Mega Watts through renewable energy organized by the Ministry of Power and Energy.

By increasing its CDM/ATM network to reach over 900 machines throughout the country, encouraging customers to enroll with “Online Banking”, introducing “no passbook” SmartGen account option, workflow automation and Document Management Systems the Bank of Ceylon has not only promoted green banking but also promoted sustainable and inclusive economic growth.

For “BOC”, improving social and economic wellbeing is an integral part of its core operations. In this regard the Bank ensures that it follows ethical guidelines to sustain customer relationships. Whilst providing a dedicated banking service to its community BOC looks into the sustainability of their customer’s business as well. The Bank at all times encourages environmentally friendly projects and sees that loans and advances are granted to deserving environmentally friendly projects that reap greater benefits for the community.

Education is the way forward for any nation. BOC has strategically placed several programs after  a study of the education system, to improve channels of delivering knowledge and enhancing skills of children. As early as in 2002 the Bank presented two strategic scholarship schemes, one targeting Grade 5 scholarship examination and the other targeting the A/L examination. The A/L examination scholarship program was named after 18 Plus account, in which has awarded to 427 A/L highflyers annually and the Grade 5 scholarship was named as the Ran Kekulu Scholarship program in which it annually recognizes 2000 highflyers of the said examination. Understanding the need to ease the tension of facing the Grade 5 examination the Bank formulated yet another program to coach students who are preparing themselves for this competitive examination. All these programs are highly recognized and praised by participants throughout the country as it is strategically formulated to evolve with the rising needs of the community.

Living along side with fellow Sri Lankans the Bank sometimes takes a philanthropic route to address urgent needs of the community. These activities range from providing prompt disaster relief, to campaigns to address immerging social needs and donations. BOC continues to look for different ways to support the community it lives in and the Bank absolutely lives to its promise; “Banker’s to the Nation”.

 

 

The Bank of Ceylon team became the “Trade Round Champions” at the Inter-bank Trade Quiz.

 

Bank of Ceylon’s team for the Inter-bank trade Quiz organized by the Trade Finance Association of Bankers (TFAB) became the champions for the “trade round” winning the one time award for the  Anniversary and first runner-up to the trophy. The 20th annual inter-bank trade finance quiz was held at the Kingsbury Hotel recently with the participation of the Governor of Central Bank of Sri Lanka Dr.Indrajit Coomaraswamy as the Chief Guest. Every year the trade-Finance quiz attracts many talented teams representing member banks in the Trade Finance Association who are keen to win this prestigious trophy. This year too, the competition was intense with 26 teams competing for the trophy. The Bank of Ceylon “C” team had Dhanushka sumathirathne as the team leader, Ms. Kaushalya Wanniarachchi, Sachith Gurugamage, Supun Liyanage and Chathura Athukorala were the other members.

BOC Trade Services was the first to be awarded with the ISO 9001-2008 in the banking sector -certification for from Sri Lanka Standards Institution. BOC is currently the market leader in the Trade Services industry with the largest operation counter in Sri Lanka.

Leading the Sri Lankan Banking industry with over 78 years experience, the Bank of Ceylon has become the most stable and the trusted bank in the country that serves Sri Lankans from all walks of life helping them to build their lives and making themselves financially stable whilst uplifting the country’s economy. The Bank earned global recognition as one of the top 1000 banks in the world, (Country rank No.1) as listed by “The Banker Magazine” (UK). The Bank claimed its award as the only Sri Lankan brand recognized as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Brand Finance Lanka has ranked Bank of Ceylon as the country’s No. 1 brand for the last nine consecutive years. The Bank has passed exceptional milestones in recent years such as becoming the first to gain over Rs.1.5 Trillion assets, over Rs.One Trillion Deposits and over Rs. One Trillion advances. Focusing on the Banks achievement, Fitch Rating Lanka ranked the Bank of Ceylon at AA+(lka) which is the highest rating awarded to a local commercial bank and ICRA (lk) awarded AAA rating which is the highest credit quality rating issued by ICRA Lanka. BOC won the merit award for the Annual Report 2015 under state owned enterprises category at the Excellence in Integrated Reporting Awards – 2016 conducted by the Institute of Certified Management Accountants of Sri Lanka. The Bank of Ceylon maintains international presence with three overseas branches and a subsidiary in London.

 

“A Trillion” Hat-trick from Bank of Ceylon.

 

The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique milestone in its 77-yearjourney as “the Bankers to the Nation” and becoming the first ,and up to now the only bank to pass this milestone in Sri Lanka. The Bank’s balance sheet has expanded at an impressive scale since its first “Trillion” target was achieved in 2012 by accumulating over Rs. one trillion assets in the Bank’s balance sheet ,becoming the first business entity in the country to do so. Then by 2015 the Bank fully justified the trust placed in it by the public by announcing its second “Trillion”- Rs. One Trillion deposits. The Bank of Ceylon has been striving towards these big goals whilst maintaining itself as the largest contributor to the national economy in so many different ways. “Being a state owned Bank and a key player in financial mechanism in the country every achievement of ours gets directly translated into country’s economic development. Being in line with the government initiatives towards Sri Lanka’s economic progress, we have managed a diverse lending portfolio that encompasses of almost all public and private organizationson different scales of operation and individuals from all walks of life.For the Bank it is always not the highest profit margin that matters, but always to look into sustainable growth of both the customer and the bank. Therefore, this announcement speaks of investment made in developing businesses and the people of this country. I wish to thank our customers, dedicated staff including those who have retired from the service for their contribution and all other stakeholders at this juncture.” stated the Chairman Bank of Ceylon, President’s Counsel Mr. Ronald C. Perera.

 

Moving onto implementing government-backed initiatives on catering to the unbanked segments in the country and building their confidence in the banking industry BOC has led many projects such as “SamataGinumak”, Branch on Wheels, “BOC Mithuru” and many other financial inclusion programs. Many of these programs looked into entrepreneur development, women and youth development.

 

The Bank has moved into new-age banking with its digital infused transformation that has revolutionized banking operations overall. With this transformation BOC introduced many novel features internally and as well as for the Sri Lankan Banking industry that has enabled seamless banking transactions. Reiterating its commitment to all Sri Lankans, the Bank ensured that all benefits derived from these novel initiatives will stream down to every nook and corner of the country. Currently the Bank maintains 628 branches, 689 ATMs and 123 CDM network and 15 Regional loan centers within the country. Considering the importance of customer interfaces the bank has upgraded many of its key branches with “SmartZones”- a 24-hour digital banking self-serving lobbyand even converted Thissamharama, Kekirawa and Kilinochchi, branches as “Green Branches”.

 

“Passing the Rs.One trillion target in advances is an overwhelming achievement. This is proof that we have improved our operational versatility and effectively managed requirements of our customers. In recent years we have managed to become the highest profit earning single business entity in the country. Our asset base now stands at an astounding Rs.1.6 Trillion and our deposit base has improved up to Rs. 1.2 Trillion. The Bank of Ceylon iseverybody’s Bank where we cater to Micro, SME, Corporates and Individual customers in the country.”Stated the General Manager Mr. D. M. Gunasekera.  “We have refined our strategic goals to be more customer-centric taking into account the present convenience-driven lifestyle of customers. At the same time, we will continue to contribute to economic development projects and initiatives of the country even better.” He further added.

 

The Bank of Ceylon was reaffirmed as the country’s No. 1 brand for the last eight consecutive yearsby the Brand Finance Lanka.The Bank earned global recognition as one of the top 1000 banks in the world, (Country rank No.1) as listed by “The Banker Magazine” (UK) respectively in 2012, 2013, 2014, 2015 and 2016. The Bank claimed its award as the only Sri Lankan brand recognized as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Focusing on the Banks achievement, Fitch Rating Lanka reaffirmed the Bank of Ceylon at AA+(lka) which is the highest rating awarded to a local commercial bank and ICRA (lk) awarded AAA rating which is the highest credit quality rating issued by ICRA Lanka.BOC won the merit award for Annual Report 2015 under state owned enterprises category at the Excellence in Integrated Reporting Awards – 2016 conducted by the Institute of Certified Management Accountants of Sri Lanka. “Asia’s Best Employer Brand” awards organized by Employer Brand Institute endorsed the BOC as one of those classed as a “Best Employer Brand” for the year 2016.TheBank of Ceylon maintains international presence with three overseas branches and a subsidiary in London.

 

“BOC Branch on Wheels”- The Bank within your reach with Digitization.

 

The country’s No.1 Bank, Bank of Ceylon’s newest value addition to its customers is the “Branch on wheels” which was launched ceremoniously on January 10th, 2017 with the patronage of the Bank’s Chairman Mr. Ronald C. Perera and General Manager, Mr. D.M. Gunasekera. Deputy General Manager Sales and Channel Management Mr. Senarath Bandara, members of the Corporate and Executive Management and other officials were also present. This mobile branch vehicle includes a teller counter, customer area, ATM, and a self service KIOSK. A wider range of banking services such as cash deposits and withdrawals, fund transfers, bill payments, accounts opening, applying for loans and internet banking is provided here. With the online connectivity the mobile branch has, a transaction that would be done at through this branch would be updated real-time.

 

BOC Branch on Wheels is introduced in line with the Government objective to bring in the un-bankable population in the country to the banking stream through extending modern banking facilities to customers in remote areas and building their confidence in the banking stream. Even these modern banking facilities are hard to reach for some; mobile branch will go up to the customer breaking psychological and geographic barriers to make banking more feasible.

 

Enabled as a part of the digital transformation, the Bank takes this initiative very seriously. To ensure that the entire country is covered, the Bank will assign a mobile branch for each province. By doing so it will be able to cover wider ground area and reach a wider customer base ranging from a busy marketplace, to a school, hospital and any type of organization or factory, at the convenience of the customer. The branch will be deployed according to a pre-decided schedule to operate as a routine branch. It will also serve as a service station when mobilizing special events in the region. BOC also looks forward to strategically place this as a part of a recovery plan to support relief operations in disaster situations to assist customers immediately in their time of need.  

 

Digitally altering the Sri Lankan Banking landscape, BOC pioneered to elevate the country’s banking industry significantly in par with the international standards bringing a world-class banking experience to its customers’. With the responsibility of a Bank with a state ownership it has spread its service across the country to cater every Sri Lankan.  

The Bank of Ceylon’s General Manager/CEO Mr. D M Gunasekara is among the 100 Global Sustainable Leaders. 

 

The World Sustainability Organization recognized the BOC’s General Manager/CEO Mr. D.M. Gunasekara as one of the “100 Global Sustainable Leaders’ at the “World Sustainable Congress” held in Dubai. This ceremony was organized by the “World Sustainability Organization” which is a “non-profit organization” advocating government bodies and private organizations and public interest groups in the world for sustainable leadership accelerating sustainable business practices and solutions. This ceremony aims to bring together CEO’s and professionals from multiple industry segments that stimulate the global business community for a better tomorrow. 

 

The Bank received several awards to its credit, claimed its award as the only Sri Lankan brand recognized as one of Asia’s Best Brands in 2013 by the Chief Marketing Officer’s Council (CMO Council) based in Mumbai, India. Respectively in 2012, 2013, 2014, 2015 and 2016 the Bank earned global recognition as one of the top 1000 banks in the world (Country rank No.1) as listed by “The Banker Magazine” (UK). Since 2008, for the last eight consecutive years Brand Finance Lanka has ranked BOC as the country’s No. 1 Brand for enhancing its Brand value significantly over years. The Bank of Ceylon won the overall Gold Award at the National Business Excellence Award Awards Ceremony 2015 with five other “Winner” awards. The Bank was named as the “Strongest Bank” for the year 2015 in the country by the “Asian Banker”.

 

These key achievements coupled with being endorsed as one of the “Asia’s Best Employer Brands” by Employer Brand Institute for the year 2016 were gained during the term of Mr. D.M Gunasekara. These achievements testify Mr. Gunasekera’s effort in steering the Bank as the CEO spearheading the Bank to meet challenges successfully and achieve remarkable heights. Mr. Gunasekara was the only Sri Lankan CEO to be selected among 100 global sustainable leaders named in 2016 by the World sustainability congress.

 

“It is a pleasure to be recognized among the 100 Global Sustainable Leaders, I have acquired knowledge, skills and experience in banking and has reached the pinnacle of my career as the General Manager/ CEO of Sri Lanka’s No.1 Bank, Bank of Ceylon. I take this opportunity to thank all my colleagues who helped me to reach this great milestone.” stated Mr. Gunasekara.

 

Other significant achievements in 2016 were the surpassing Rs.1 Trillion Deposits followed by surpassing Rs. 1.5 Trillion in its Asset base after achieving a Rs.1 Trillion asset base in 2012. Setting a new benchmark in the Sri Lankan banking industry The Bank became the highest profit earning single business entity in the country with a Rs.25 Billion PBT in 2015.

 

Mr. D.M Gunasekara counts over 33 years Banking experience and commenced his career in retail banking, which enriched him with a wealth of knowledge and experience in all aspects of credit management, administration and retail and Corporate banking. He served at the BOC London branch from 1997 to 2000 gaining international exposure. He joined BOC in 1983 and held several key senior positions in the bank. He is an Alumnus of the University of Colombo with a special Degree in Public Finance and Taxation (1981). Mr. Gunasekara is also an Associate Member of the Institute of Bankers of Sri Lanka and a member of the Association of Professional Bankers. He has successfully completed the programme on Corporate Management for Sri Lanka (LKCM2 AOTS) in Japan and also followed an Advanced Management Programme conducted by the Wharton University of Pennsylvania, USA. 

 

As a leader Mr. Gunasekara has been an inspiration to the whole staff to become professional bankers who deliver the best to their customers and the community to grow together. With his global focus he has initiated many projects and policies to empower the staff and move the Bank towards a fully-fledged digital change pushing it to thrive and to go an extra mile to reach excellence in banking. With the Recent Branch modernization several next generation products and services were added. They include digital SMART Zones, Regional Loan Centers and centralization of business processes. Internal processes and systems were upgraded by building up infrastructure that includes IT, process automation and capacity building. As a part of this process the bank activated the 5S concept within the bank and its branch network which enhanced operational efficiency and reduced wastage of resources. “Quality Circles” were formed in order to ensure the sustainability of the process. In addition to these initiatives the Bank incorporated “Green Banking” into its business model to save the environment all of which it operates under the guidance of Mr. Gunasekera.

 

 Mr. Gunasekara is a Non-Executive nominee Director on the Boards of Merchant Bank of Sri Lanka & Finance PLC., BOC Travels (Private) Ltd, BOC Property Development & Management (Pvt) Ltd., BOC Management & Support Services (Pvt) Ltd., Bank of Ceylon (UK) Ltd., Ceybank Assets Management (Pvt) Ltd, member of the Governing Board of IBSL, Executive Committee member of APRACA and serves in many other Boards including holding the post of the Chairman of Sri Lanka Banker’s Association. With Mr. Gunasekara’s strong ties with the community he as well as the bank was able to maintain a healthy relationship with the industry and the community at large thereby adding value and assisting many stakeholders.

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