NSBM-BOC sign strategic loan agreement

• To accelerate phase II university development 

NSBM Green University signed a strategic loan agreement with Bank of Ceylon (BOC) to support the ongoing phase II development of its Homagama campus. 

The agreement was signed by NSBM Vice Chancellor Prof. E.A. Weerasinghe together with Deputy Vice Chancellor Prof. Chaminda Rathnayake in the presence of BOC General Manager Russel Fonseka,  at a signing ceremony held recently on the NSBM premises.

Before this agreement, NSBM had already commenced structural development for phase II using internally generated funds, demonstrating strong financial stewardship and a clear long-term vision. The loan facility from BOC will play a key role in completing the 15-storey Faculty of Science building, constructing a state-of-the-art multipurpose auditorium and advancing other essential academic and student infrastructure projects.  

Prof. Weerasinghe noted, “NSBM fulfilled its financial commitments under the phase I loan agreement for Rs.8.6 billion with BOC—even during the most challenging periods of national crisis. We remain fully committed to the continued development of our university while maintaining strong financial discipline. I sincerely thank BOC for trusting NSBM and providing critical financial support at this pivotal time.”  

Fonseka stated, “We are proud to support NSBM’s forward-looking development agenda. As the Bankers to the Nation, BOC is committed to financing projects that contribute meaningfully to Sri Lanka’s socioeconomic growth, particularly in education.” 

BOC Deputy General Manager Corporate and Offshore Banking Sampath Perera, Assistant General Manager SOE Relations Uthpala Herathrandeny, NSBM Head of Academic Development and Quality Assurance Prof. Baratha Dodankotuwa, Faculty of Business Dean Thilini De Silva, Head of Finance Kailashini Thiranagama and Senior Manager Strategic Development Sanuji Ranawake along with other deans and senior university officials were also in attendance.