Bank of Ceylon

Bank of Ceylon
TypeGovernment-owned corporation
IndustryBanking, financial services
Founded1939 (1939)
FounderSir Ernest de Silva
HeadquartersNo 1 BOC Square, Bank of Ceylon Mawatha, Colombo
Number of locations
Increase 663 (2026)
Area served
Sri Lanka
Maldives
India
United Kingdom
Seychelles
Key peopleKavinda de Zoysa (Chairman)
Y. A. Jayathilaka (General Manager and Chief Executive Officer)
ServicesRetail banking, corporate banking, investment banking, digital banking, SME banking
RevenueIncrease LKR 548,623 million (2025)
Increase LKR 246,800 million (2025)
Profit Before Tax: Increase LKR 120.8 billion (2025)
Total assetsIncrease LKR 5.5 trillion (2025)
Total equityIncrease LKR 365.8 billion (2025)
Number of employees
8,912 (2025)
ParentMinistry of Finance
Subsidiaries
  • Bank of Ceylon (UK) Limited (100.00%)
  • BOC IT Solutions (Private) Limited (100.00%)
  • BOC Property Development and Management (Private) Limited (100.00%)
  • BOC Travels (Private) Limited (100.00%)
  • Ceybank Holiday Homes (Private) Limited (100.00%)
  • Hotels Colombo (1963) Limited (99.99%)
  • Merchant Bank of Sri Lanka & Finance PLC (84.50%)
  • MBSL Insurance Company Limited (45.47%)
  • Property Development Limited (97.89%)
RatingNational long-term rating: AA− (lka)
Subordinated debentures: A (lka)
by Fitch Ratings Lanka Limited
Brand Strength Rating AAA- Brand Finance
Websitewww.boc.lk
A branch of the bank in Kandy

Bank of Ceylon (BOC; Sinhala: ලංකා බැංකුව Lanka Bænkuwa, Tamil: இலங்கை வங்கி Ilangai Vangi) is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo.

The bank has over 2500 customer touch points including, a network of 663 branches, 517 automated teller machines (ATMs), 1001 CRM network, over 250 agent banking centres and 15 regional loan centres within the country. It also has an around-the-clock call centre and an around the clock branch at its Colombo office.

In addition to the local presence, the bank maintains an off-shore banking unit in the head office in Colombo, three branches in Malé, Chennai, and Seychelles, and a subsidiary in London.