What is the full form of BOC?
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What is the full form of BOC?
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The full form of BOC is Bank of Ceylon. BOC is a leading commercial state-owned bank in Sri Lanka. It is founded in1936 by Sir Ernest de Silva and headquartered in Colombo, Sri Lanka. The bank is operating with 628 branches, 689ATMs, 123 CDM network and 15 regional loan centres in Sri Lanka.
The bank keeps a seaward financial unit in the administrative centre in Colombo, and three branches in Malé, Chennai and Seychelles, and the subsidiary in London.
Key people
1.Kanchana Ratwatte -Chairman
2.Visakha Amarasekere -Executive Director
Services offered by BOC
Bank of Ceylon deals in retail banking, corporate banking, investment banking.
Subsidiaries of BOC
1. Ceybank Asset Management Limited
2. Southern Development Financial Company
3. Transnational Lanka Records Solutions
4. Lanka Securities
5. Ceybank Asset
6. Bank of Ceylon (UK) Limited
7. Transnational Lanka Records Merchant Bank of Sri Lanka & Finance PLC
8. Hotels Colombo
Area served by BOC
1. Sri Lanka
2. United Kingdom
3. Maldives
4. India
5. Seychelles
A brief history of BOC
BOC was set up in 1939 and Sir Ernest de Silva is first executive
Ceylon was a British colony at the period, and Sir Andrew Caldecott, at that point lead representative, ceremoniously started the bank on 1 August.
The British government introduced the banking arm for its government-oriented businesses. after two years in 1941, BOC spread it beyond the city of Colombo.
The primary branch was opened in Kandy.
BOC started new branches in major cities like Jaffna, Galle, Kurunegala, Trincomalee, Batticaloa, Panadura and Badulla.
