BOC

The Bank of Ceylon presented a personalized BOC Multi Currency Travel Card (MCTC) to Central Bank Staff members in ceremony held recently at the Central Bank’s Governor’s Office. The card was officially presented to the CBSL Governor Mr.Ajith N. Cabraal by the Chairman Bank of Ceylon Mr. Kanchana Ratwatte.

The trusted travel partner “BOC Multi-Currency Travel Card- MCTC” is an upgraded and a convenient method of payment for foreign travelers that comes with secured Near Field Communication (NFC).  This Convenient yet secured “BOC MCTC” will secure travelers from possible threats that could occur and use the card confidently.

Considering the need for overseas students, this service was recently extended for them to carry out overseas transactions conveniently. With the trust and stability built over the years, the “BOC MCTC” that is produced jointly with MasterCard International is accepted around the world to assist travelers to conduct their transactions seamlessly. Being a globally acclaimed technology company, MasterCard International is in the global payments industry and operate payments processing network, connecting consumers, financial institutions, merchants and businesses in more than 210 countries and territories.

Being a Bank which is focused on enriching its customer’s lives through adding value, Bank of Ceylon introduced the BOC Multi-Currency Travel Card that offers the convenience of carrying multiple currencies in one digital card, allowing the customer to travel overseas freely and transact with confidence without being exposed to exchange loss. This Card can be used on ATMs, POS and for online transactions where “MasterCard” acceptance mark is present and card holder can enjoy dining, shopping and travelling whilst abroad or can use at Duty-free shopping outlets in Sri Lanka.

This Card also replaces currency notes which may be exchanged at a loss when travelling across different countries. Carrying physical currency notes also leads to practical issues such as portability.  BOC MCTC provides the user an ideal solution to manage exchange rate fluctuation and keep the traveler informed about transactions via SMS or email. Provided with a secured EMV complaint chip that keeps the card information safe whilst using it in places where there could be a possible identification theft. On completion of each transaction SMS and e-mail alerts will be forwarded to the given telephone number and e-mail address of the user. A smart traveler can use this update to keep a track of his/her expenses and manage the budget. Additionally, the Bank of Ceylon provides a free backup card at the time of issuing the original card to assist the user in times of loss/ theft or damage to the original card and the owner of the card is offered a free Travel Insurance cover up to USD 250,000/- (conditions apply).

One card can be loaded up to five different currencies namely US Dollars, Sterling Pounds, Euro, Japanese Yen and Australian Dollars. The cardholder can switch the card funds from one currency to another via card holder self-care portal. Any traveler who is a resident Sri Lankan and above 18 years of age can obtain this facility under exchange control regulations. Reloading facility is available during the validity of the card and remote loading facility is available for students who are overseas for their higher education. Eligible customers can conveniently obtain this Card at any Bank of Ceylon branch across Sri Lanka.

You may contact Travel & Remittances Department through below mentioned telephone numbers for further details.

Telephone: 0112203175 / 0112421584

E-mail: travelcard@boc.lk.

 

BOC the state owned largest commercial bank in Sri Lanka recently advent into another new customer centric feature by unveiling the official ‘SME online’ loan application process. The inauguration was held recently at the BOC’s TV premise with the patronage of the Bank’s General Manager Mr. K.E.D. Sumanasiri. Deputy General Manager (Sales and Channel Management) Mr. Priyal Silva, Chief Marketing Officer Mr. Sameera Liyanage, AGM (Development Banking) Mr. D.A.S.S. Wimalasiri, AGM Province Sales Management Mrs. Udaya Kumari, AGM (Marketing) Mr. A.T Hettiarachchi, and officials of Development Banking Division participated to the launch.

The Bank of Ceylon in its pursuit to enhance the facilities and opportunities available to Sri Lankan Small and Medium Entrepreneurs (SMEs) by providing modern digital banking facilities. In recent times world saw virtual transactions gaining momentum especially post Covid-19 period. The Bank while keeping its customer centricity intact advent on this online SME loan application processing without neglecting the SME sector of the country during this pandemic time.

This SME online service could be obtained simply by login to BOC website and by filling the simple application form in any language the customer prefers. (Sinhala, Tamil, English) which could be done even using a mobile phone. The filled application will reach the Development Banking Division of BOC and after the initial processing process the application will be referred to the respective Area Managers and then to the relevant branch through an online process for the final execution and completion. The process will take within minimum time possible depending on availability of minimum required documents.

With an array of loan schemes to fulfill different requirements of the SMEs, the bank wishes to  cater with an futuristic view to enhance the contribution of sectors such as Agriculture, Fisheries, Dairy farming and manufacturing towards the national economy.  

 

 

The Bank of Ceylon majority stake owned, public quoted Merchant Bank of Sri Lanka (MBSL) achieved a significant milestone by raising 2.1 Billion through a rights issue.

MBSL, since its inception in 1982, has had the backing of the banking giant, Bank of Ceylon, which is a major confidence booster for all stakeholders.

Bank of Ceylon is optimistic that with the successful completion of this rights issue, MBSL is now geared to assist the local industries in the evolving post COVID scenario.

With this capital infusion MBSL has achieved the required level of capital adequacy as stipulated by the Central Bank of Sri Lanka (CBSL) and is now well positioned to expand its business portfolio further.

The Chairman of Bank of Ceylon Mr.Kanchana Ratwatte commented that the synergies of the two large institutions would provide mutual benefits to the multitude of their valued customers. He also stated that the recent inclusion in the management team of the experienced banker, Mr.Dammika Hapuhinna would be an added impetus in the  thrust forward for MBSL.

 

 

 

Bank of Ceylon as an active corporate citizen of the nation, emphasis on developing the youth of the country to be future leaders. BOC set this belief in to practice with absolute commitment through bank’s Nanajaya scholarship programme for 18 Plus Account holders who have achieved exceptional results in Advance Level examination. In this regard BOC will call application from eligible 18 plus account holders who sat for the A/L examination in year 2020.

The aim of “18 Plus Nanajaya” is to encourage and give much needed confidence to the highflying A/L students to be proactive contributors by reaching their academic goals and apply their knowledge for the development of the country. This year the Bank wishes to acknowledge A/L achiever of year 2020, where the scholarships program has to be postponed due to COVID pandemic situation in the country.

A staggering Rs 14 million annual allocations with minimum of 381 scholarships to be offered to A/ L examination achievers of  year 2020. The “18 Plus scholarship” programme which commenced in 2003 and later re launched in 2016 as “Nanajaya” now offers a monthly financial stipend to the scholarship holders. Since 2003 up to 2019, over 2300 students were benefitted through this scholarship scheme and the total amount granted so far worth over Rs 81 million.

Bank has now called applications from eligible students who have produced exceptional results in 2020 G.C.E A/L examination. Any students are requested to download an application from  www.boc.lk . Completed application forms to be attached with a student’s recent passport size photograph posed wearing his/ her school uniform and dispatched under registered post to reach the Assistant General Manager- Marketing, 16th Floor, Marketing division, Bank of Ceylon head office, Bank of Ceylon square, Colombo 01.

Selection criteria will be based on remarkable AL results and owe an 18+ or 18+ smart Gen account from any branch of BOC maintaining the minimum balance requirement stipulated. Scholarships are granted to all GCE A/L, mainstreams which include biological-science, physical science, commerce, arts, bio-system technology, and engineering technology.

BOC extending its commitment to educate nations students, offers model question paper discussion and past paper discussion sessions to the year 5 scholarship as well as AL commerce students.

The ‘World Thrift Day’, which began in Milan, Italy on October 30, 1924, was created to reinvigorate the broken attitudes of the people towards banks during the First World War. The primary purpose of this is to instill in people the habit of saving and to ensure their future financial stability.

The Bank of Ceylon, the beacon of hope for the nation, who is committed to the mission of building the Sri Lankan economy, celebrates Thrift Day reiterating  its objective of  being the Number 1 Bank in the country, providing the right advice, guidance and facilities to aid financial needs of all Sri Lankans. Catering to people and businesses alike, of all-walks-of-life, Bank of Ceylon brings the modernized banking experience closer customers with its digitized banking products.

Enabling online banking transactions at the comfort of your own home, office or just about anywhere, BOC provides 24 hour banking services through its online banking – Smart Online banking and mobile banking – B-App services. The Bank’s E-commerce service through Debit and Credit Cards are provided with attractive discount promotions with local vendors and maximum security over      e-transactions for both local and international payments. BOC maintains an island wide ATM/CDM/CRM network that consists of over 1300 of its own machines apart from its 646 inter-connected branch network. BOC’s foreign branch network located in Chennai, Male, Hulu-Male and Seychelles, further it maintains a full-fledged banking subsidiary in London.

Bringing the experience of a fully automated banking closer to its customers, Bank of Ceylon has introduced “BOC Digi” Self-banking branch at four strategic locations with the latest technology available in banking. Converting yet another traditional saving product to be a digital savvy, BOC revamped its children savings account as “Rankakulu Smart” account focusing on bringing the essence of digital banking experience closer to the younger generation. By now all savings accounts available from newborn to a senior citizen are digitally active from account opening to all transactions.

To encourage the habit of savings effortlessly, Bank of Ceylon introduced a “3G” savings account that automatically collects smaller “changed” amounts from every transaction done through the registered Debit Card of the customer. “3G” gives the option of selecting an account of any of loved one, of the customer to be the designated account where the credit would transfer. In addition, customers can apply for standing orders to their chosen accounts to be credited periodically for a stipulated time period. The Bank wishes to make every endeavor to give an effortless, convenient experience to the customer in order to encourage the customer build his saving gradually thus maintain his/her financial freedom.

Saving does not come only on monetary terms, given the need to pay attention on climate change and preserving the environment, Bank of Ceylon pays a keen attention to sustainable development together with planet and people aspect. In this aspect BOC encourages generation and use of renewable energy such as solar-power by offering attractive financial facilities to install solar-panels in households, office spaces etc. to meet the need of electricity. BOC itself fulfills electricity requirement of many of its own branch premises through solar-energy and reducing carbon footprint. Further stretching its operation through “Green Banking”, BOC was able to reduce the usage of physical resources significantly through digital transformation and conscious efforts on process revamping.    

As a Bank that has an innate commitment towards the Nation, Bank of Ceylon will continue to strive for excellence in banking and to add value lives of all Sri Lankans through financial and digital inclusivity. In this regard Deputy General Manager -Sales and Channel Management Mr. Priyal Silva urges the public to rethink and renew the interest in saving and begin the journey towards financial freedom starting from the World Thrift Day, 2021.

 

The Bank of Ceylon Pallepola branch was ceremoniously opened at its new and more convenient premises at “PuraNeguma” Building, Akuramboda Road, Pallepola by BOC Chairman Mr. Kanchana Ratwatte. The bank’s General Manager Mr. K.E.D. Sumanasiri, Deputy General Manager (sales and Channel Management) Mr. Priyal Silva, Deputy General Manager (Retail Banking Range II) Mr. Nilantha Menerapitiay, Assistant General Manager (Marketing) Mr. Aruna Hettiarachchi, Assistant General Manager (Central Province) Mr. Sarath Wijesinghe, customers and other well-wishers of the area.

The new branch intends to enrich the socio-economic standards of customers with an array of financial services and products delivered via traditional and digital banking channels. It is connected with the rest of 646 BOC branch network thus enabling customers of the area to transact seamlessly with other BOC branches across the country.

Customers could obtain services such as Savings accounts, Fixed deposits, investment plans, development/ agricultural loans, housing and personal loans, educational loans leasing, mortgage facilities, Ran Surekum Naya Sewa and special loan services from the branch. Furthermore, the branch offers debt cards, credit cards, and enables foreign remittance transactions including money transfers.

In keeping with BOC commitment to provide convenience of digital banking, customers of Pallepola branch can obtain facilities such as SmartPay, Smart Online Banking, Mobile Banking (B App), Smart zone, Smart passbook SmartGen digital account. Bringing the digital inclusiveness across the country, the Bank of Ceylon is in the process of strategically spreading its digital convenience to customers across the country.  

Having Served Customers of Trincomalee since 1981, BOC Trincomalee City branch was ceremoniously opened at its newly refurbished own premises at No. 9, Main Street Trincomalee adhering to the health guide lines due to the prevailing pandemic conditions in the country. BOC Chairman Mr. Kanchana Ratwatte declared opened the branch with the participation of the bank’s General Manager Mr. K.E.D. Sumanasiri, Deputy General Manager (sales and Channel Management) Mr. Priyal Silva, Deputy General Manager (Retail Banking Range II) Mr. Nilantha Menerapitiay, Assistant General Manager (Marketing) Mr. Aruna Hettiarachchi, Assistant General Manager (Eastern Province) Mr. W.M.A. Wanigasekera, customers and other well-wishers of the area.

The new branch intends to enrich the socio-economic standards of customers with an array of financial services and products delivered via traditional and digital banking channels. It is connected with the rest of 646 BOC branch network thus enabling customers of the area to transact seamlessly with other BOC branches across the country.

Customers could obtain services such as Savings accounts, Fixed deposits, investment plans, development/ agricultural loans, housing and personal loans, educational loans leasing, mortgage facilities, Ran Surekum Naya Sewa and special loan services from the branch. Furthermore, the branch offers debt cards, credit cards, and enables foreign remittance transactions including money transfers.

In keeping with BOC commitment to provide convenience of digital banking , customers of Trincomalee branch can obtain facilities such as SmartPay, Smart Online Banking, Mobile Banking (B App), Smart zone, Smart passbook SmartGen digital account. Bringing the digital inclusiveness across the country, the Bank of Ceylon is in the process f strategically spreading its technology to all its branches

The Bank of Ceylon presented a personalized BOC Multi Currency Travel Card (MCTC) to Central Bank Staff members in ceremony held recently at the Central Bank’s Governor’s Office. The card was officially presented to the CBSL Governor Mr.Ajith N. Cabraal by the Chairman Bank of Ceylon Mr. Kanchana Ratwatte.

The trusted travel partner “BOC Multi-Currency Travel Card- MCTC” is an upgraded and a convenient method of payment for foreign travelers that comes with secured Near Field Communication (NFC).  This Convenient yet secured “BOC MCTC” will secure travelers from possible threats that could occur and use the card confidently.

Considering the need for overseas students, this service was recently extended for them to carry out overseas transactions conveniently. With the trust and stability built over the years, the “BOC MCTC” that is produced jointly with MasterCard International is accepted around the world to assist travelers to conduct their transactions seamlessly. Being a globally acclaimed technology company, MasterCard International is in the global payments industry and operate payments processing network, connecting consumers, financial institutions, merchants and businesses in more than 210 countries and territories.

Being a Bank which is focused on enriching its customer’s lives through adding value, Bank of Ceylon introduced the BOC Multi-Currency Travel Card that offers the convenience of carrying multiple currencies in one digital card, allowing the customer to travel overseas freely and transact with confidence without being exposed to exchange loss. This Card can be used on ATMs, POS and for online transactions where “MasterCard” acceptance mark is present and card holder can enjoy dining, shopping and travelling whilst abroad or can use at Duty-free shopping outlets in Sri Lanka.

This Card also replaces currency notes which may be exchanged at a loss when travelling across different countries. Carrying physical currency notes also leads to practical issues such as portability.  BOC MCTC provides the user an ideal solution to manage exchange rate fluctuation and keep the traveler informed about transactions via SMS or email. Provided with a secured EMV complaint chip that keeps the card information safe whilst using it in places where there could be a possible identification theft. On completion of each transaction SMS and e-mail alerts will be forwarded to the given telephone number and e-mail address of the user. A smart traveler can use this update to keep a track of his/her expenses and manage the budget. Additionally, the Bank of Ceylon provides a free backup card at the time of issuing the original card to assist the user in times of loss/ theft or damage to the original card and the owner of the card is offered a free Travel Insurance cover up to USD 250,000/- (conditions apply).

One card can be loaded up to five different currencies namely US Dollars, Sterling Pounds, Euro, Japanese Yen and Australian Dollars. The cardholder can switch the card funds from one currency to another via card holder self-care portal. Any traveler who is a resident Sri Lankan and above 18 years of age can obtain this facility under exchange control regulations. Reloading facility is available during the validity of the card and remote loading facility is available for students who are overseas for their higher education. Eligible customers can conveniently obtain this Card at any Bank of Ceylon branch across Sri Lanka.

You may contact Travel & Remittances Department through below mentioned telephone numbers for further details.

Telephone: 0112203175 / 0112421584

E-mail: travelcard@boc.lk.

Bank of Ceylon is proud to announce being appointed as the settlement bank by LankaClear, for their inter-bank US Dollar Online payment system (USD On-Line) and US Dollar Draft on-line Image Transfer System (UITS). This selection was made through a competitive bidding process.

The agreement was signed on the 12th October 2021 at the Bank’s head office by the two parties.

Central Bank of Sri Lanka (CBSL) along with other licensed public and private Commercial Banks operating in Sri Lanka own LankaClear who is the operator of the national interbank payment network in the island. Established in 2002 as the most successful Public-Private-Partnership in Sri Lanka, LankaClear functions under the brand name ‘Lanka Pay’.

In 2002, LankaClear introduced Sri Lanka’s first interbank UITS while in 2015 implemented USD on-line payment system as policy directives of Central Bank of Sri Lanka (CBSL).

Primary objective was to assist the economy and CBSL by minimizing the foreign exchange outflow from the country for inter-bank USD transactions. Reducing the transaction processing fees for same and lower the time taken to clear USD drafts were the other main tasks of these two systems.

Among Sri Lanka’s registered commercial banks, 13 members participate in USD online payment systems while 22 members participate in UITS.

Bank of Ceylon takes on the critical role of being the settlement bank for both systems, which was previously held by Sampath Bank PLC since 2006.

Photo Caption :

The Bank of Ceylon General Manager Mr. K.E.D.Sumanasiri and The General Manager/CEO Lanka Clear Pvt. Ltd Mr. Channa De Silva exchanging the MoU (Centre). (From L to R) Mr. Sanjeewa Premarathna (Assistant Manager – Domestic Foreign Currency Clearing), Mr. Gihan Amunugama (Manager – Trade Promotion), Mr. Ranjith Ruwanpathirana (Assistant General Manager – International), Mr. Dinuka Perera (Chief Operating Officer – Lanka Clear Pvt. Ltd), Mr. W N P Surawimala (Senior Deputy General Manager – Corporate & Offshore Banking), Mr. R M N Jeewantha (Deputy General Manager – International, Treasury & Investment), Ms. Manjula Herath (Assistant General Manager – Offshore Banking) and Ms. Prabhani Rodrigo (Senior Manager – Correspondent Banking) are also in the picture.

 

Bank of Ceylon sponsored the Good Intern Programme conducted by Government Medical Officers Association (GMOA) which successfully held on 2nd and 3rd October. This is an annual event which GMOA organize for the benefit of intern doctors aiming at improving the service quality of the intern doctor in areas of communication and other soft skills. This is a continuous sponsorship for the 9th consecutive year as the official banking partner to the programme. This year’s highlight of the event is conduction it over Zoom platform due to prevailing COVID 19 pandemic. WHO correspondent for Sri Lanka Dr.Aalaka Singh also commented on the occasion appreciating the efforts for developing most required soft skills of inter-doctors.

GMOA commenced this residential programme as an initiative to groom intern doctors and it facilitates to enhance the knowledge, attitude and skills of the new doctors in an era where the health science and medical science taking a vast development and change. BOC as a responsible corporate citizen is happy to be a sponsor to this worthy effort undertaken by the GMOA.

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