BOC among top 500 banks in Asia Pacific | Sunday Observer

BOC among top 500 banks in Asia Pacific

BOC CEO/ General Manager Senarath Bandara with the plaque awarded by the ‘Asian Banker’ for the top 500 Banks in the Asia-Pacific Region. BOC’s CFO/ Deputy General Manager Corporate and Offshore Russell Fonseka (right) and Deputy General Manager Finance and Planning RMDV Jayabahu (left) look on.
BOC CEO/ General Manager Senarath Bandara with the plaque awarded by the ‘Asian Banker’ for the top 500 Banks in the Asia-Pacific Region. BOC’s CFO/ Deputy General Manager Corporate and Offshore Russell Fonseka (right) and Deputy General Manager Finance and Planning RMDV Jayabahu (left) look on.

The Asian Banker Magazine has named the Bank of Ceylon (BOC) as the country’s strongest and the largest bank and to be among the 500 largest and strongest banks in the Asia Pacific region.

The Asian Banker 500 ranking is the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the region.

All data are sourced from Central Banks and miscellaneous publications or via informed estimates. The evaluation was based on the balance sheet growth, scale of operations, risk profile, profitability, asset quality and liquidity for the stipulated year.

This was made known at CIBOS, the SWIFT global payment provider ceremony held in Sydney, Australia. Bank of China (Hong Kong) tops the list which includes international banking giants such as Hang Seng Bank, HSBC, OCBC Bank, Citi Bank (Hong Kong), Commonwealth Bank of Australia and ANZ Bank of New Zealand.

“The title was awarded to the Bank of Ceylon in 2015 by the Asian Banker. We are proud not only to be part of the bank but also to be part of the country’s economic profile for uplifting the Sri Lankan Banking industry in the international arena. We are further encouraged by this achievement to serve our customers and all our stakeholders with exceptional care and commitment to enrich their achievements,” CEO and General Manager Senarath Bandara said.

The Asian Banker has been publishing the annual ranking since 2007 to highlight best performing banks in the Asia-pacific region. 

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