Bank of Ceylon, sole SL bank in world’s elite top 1,000 ranking

Bank of Ceylon (BOC), Sri Lanka’s No. 1 Bank, was once again ranked by The Banker UK magazine, among the world’s top 1,000 banks while becoming the only Sri Lankan bank to be included in the global list in an extremely challenging year.
With this year’s achievement, BOC completes unblemished 12th consecutive year with the country rank No.1 among the ‘Top Banks 1000 in the world’. 

BOC’s ranking by the prestigious Banker Magazine UK reconfirms its robust Tier I capital adequacy and asset base, which is testament to BOC’s resilience and success of strategies put in place to navigate through multiple headwinds caused by the unprecedented economic crisis and adverse operational environment in the country.  
The ranking has been regarded as the primary source for global bank financial position and are widely used by a vast majority of international organisations in their assessments of banks. Compiled annually from a database of over 5,000 banking entities from across the globe, The Banker Magazine’s Top 1,000 World Banks listing is widely regarded as the most comprehensive guide to a bank’s standing globally, which is used by the majority of international organisations in their assessments of banks.

“Reviewed against a tightened monetary policy on the backdrop of unprecedented economic turmoil in the country, the ranking is a clear indication of BOC’s strong financial position and the measures undertaken by BOC to remain resilient by overcoming multiple challenges,” commented BOC Chairman President’s Counsel Ronald C. Perera.
“Despite the adverse headwinds, BOC has complied with regulatory capital requirements above the stipulated norms by maintaining the Tier I Capital Adequacy Ratio of 12.4 percent and Total Capital Adequacy Ratio of 15.4 percent for the year concern 2022. Similarly, BOC was also able to improve all the liquidity ratios, given the positive market liquidity vibes conquered during the concerned year,” said BOC General Manager Russel Fonseka.