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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » BOC, once again among ‘Top 1000 Banks in the World’

BOC, once again among ‘Top 1000 Banks in the World’

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Bank of Ceylon has been ranked among the Top 5 banks in the Asia-Pacific Region (excluding China and Japan) in terms of Return on Capital (ROC) by "The Banker" Magazine, becoming the first Sri Lankan bank to achieve such a performance ranking from an internationally recognised entity, a BoC press release said.
The release adds: ‘This unique milestone comes as a kind of "icing on the top" as Bank of Ceylon has yet again been ranked among the Top 1000 Banks in the World, and with a country rank of No.1, ahead of all other Sri Lankan banks also by the same UK based "The Banker" magazine.
‘"The Banker" Magazine UK, which started in 1926, is one of the premier banking and finance magazines in the world. The Benchmark top 1000 bank list has been compiled by the "The Banker" since 1970. The Banker database holds comprehensive financial data, news feeds and executive contact data on the leading banks in every country and its ranking sets in industry standard for measuring bank performance and strength.
With the aspiration to continue the legend Bank’s chairman, President’s Counsel Ronald C. Perera stated "Bank of Ceylon proudly accepts these achievements of being able to strengthen banks presence among top 1000 Banks in the world with the No.1 country ranking despite the challenging global and local financial environment. At the same time this is the best moment to recall that BOC was the first Sri Lankan to be enlisted among top 1000 banks in the world. Being Bankers to the Nation, we consistently make sure that strength/ encouragement received from these achievements are passed down to deliver best-in-class banking service to our customers."
‘"Bank of Ceylon has always been on a steadfast track to be exemplarily in the Sri Lankan banking industry. We have initiated several projects with Boston Consultancy Group (BCG) to transform the bank’s operations and processes to come up with more elegant and comfortable banking to delight our customers whilst providing the best ROI for our main stakeholder. Being recognized for our commitment shows that we are moving ahead in the right direction" stated Bank’s General Manager D.M. Gunasekara.
Courtesy: The Island 28 July 2015

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