Business News from Sri Lanka: On 1 August 2019, the Bank of Ceylon celebrated its 80th anniversary at its Head Office –the iconic “BOC Tower,” starting with a ceremony featuring all four religions to invoke blessings on the bank.
The ceremony took place at the BOC Tower’s first floor with the participation of the bank’s Acting Chairman, Kumar Mayadunne, P A Schaffter Director BOC, Senarath Bandara General Manager / CEO, members of the Bank’s Corporate and Executive Management, a distinguished group of clients and well-wishers, and BOC employees.
Bank of Ceylon quickly extended its branch network across the nation and beyond after launching its activities on Bristol Street, Colombo 01 on August 1, 1939. It has embraced fresh technologies as it traveled on for eight centuries. Beendigitisation has been the latest of these technological incorporations. The bank is currently looking forward to expanding its services to the public with the new theme “Leading the way through innovation” on its manner to its centenary.
The QR Code allowed payment scheme— the latest novel product developed by Bank of Ceylon’s Electronic Card Division was also introduced at this ceremony to offer clients higher convenience and distinctive payment experience. Mr. SenerathBandara, General Manager / CEO of the Bank, used this facility to perform the first transaction. On the same day, the Human Resources Division of Bank introduced an “Online Personnel Loan Processing System” to its employees endorsing the digitalization taking place within the bank. To celebrate this occasion, BOC’s International Division introduced an investment planner–PFC Smart Saver where clients could invest in US dollars and Euro. The Bank’s Sustainability Unit also introduced “Yalu Para,” a Corporate Social Responsibility (CSR) program in cooperation with the Sri Lankan Police, to educate personnel members and the public on road safety and car accident reduction at this case. On this occasion, as part of this “Yalu Para” program, the staff made a commitment to road safety. Bank of Ceylon has lately been given the “Outstanding Green Commitment Award” by the Sri Lankan Green Building Council for the Bank’s continued commitment to expand its Green Banking activities to minimize carbon footprint, taking into account the offices constructed under the “Green Banking Concept” and the contribution made to the national grid through solar panels attached to the bank.
Also renamed “BOC Tower” was the Bank of Ceylon Head Office Building and its sign was presented by Acting Chairman Kumar Mayadunne and General Manager / CEO Senerath Bandara.
In line with commemorative programs for the 80th Anniversary, on the same day a blood donation campaign was held at the Head Office Building and on August 2 and 3, respectively, a Pirith ceremony followed by an alms-giving to the Maha Sangha.