BOC’s Rs.10bn debenture issue oversubscribed

Bank of Ceylon’s (BoC) Rs.10 billion Basel III Compliant Tier 2 Listed Debenture Issue was oversubscribed and closed on December 22nd 2023. The Basel III Compliant, Listed Issue was a first for a State Bank. This epitomizes the trust placed in the bank during challenging times. 

BoC’s resilience and contributions to the Sri Lankan economy have been acknowledged both locally & globally.  The bank was ranked as the No. 1 Banking Brand in Sri Lanka for the 15th consecutive year by Brand Finance Lanka.  The bank’s brand value stands at over Rs. 50 billion, the highest in the sector.  

The Bank of Ceylon has navigated challenging economic conditions with resilience and continues to play a pivotal role in supporting Sri Lanka’s economic recovery.  Its commitment to customers, entrepreneurship and infrastructure development is unwavering, and its strong financial performance and international recognition are testaments to its stability and growth potential.  

The bank also bagged Gold at the recently concluded TAGS Awards for excellence in Annual reporting and promoting fundamental concepts of transparency, accountability and governance.