Introduces “SME Online” Loan Request Facility to Add “digital” Convenience for SME Customers.

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.