BOC Seychelles celebrates 11 years of service and growth

Bank of Ceylon (BOC) Seychelles is celebrating its 11th anniversary, marking over a decade of service since its establishment on January 20, 2014. 

Over the years, BOC Seychelles has expanded its operations, grown its financial portfolio and contributed considerably to the local economy, positioning itself as a key player in the country’s financial sector.  

Commenting on the bank’s journey, BOC Seychelles Country Manager Rajith Thushantha highlighted the steady progress achieved over the years. 

“Since opening in 2014, the branch has consistently generated profit and contributed to the Sri Lankan economy by facilitating expatriate remittances, surpassing US $ 6 million in transfers last year alone,” he said.  

BOC Seychelles has grown its balance sheet and capital base more than twofold since its inception. As the youngest commercial bank in the country, BOC Seychelles currently holds a good market share, competing with long-established financial institutions that have been in operation for decades. Despite being the newest entrant, the bank has made notable strides in key sectors, toward the tourism, fisheries, construction and trading, which are major contributors to the Seychelles’ GDP.