BOC Earns Prestigious Recognitions at TAGS Awards 2024

The Bank of Ceylon (BOC) was honored with the Gold Award in the State Bank category at the esteemed TAGS Awards 2024, organized by CA Sri Lanka. This recognition was based on its exemplary 2023 Annual Report “ A Force of Strength”. The awards ceremony was held at Shangri-La, Colombo, with the participation of Mr. Tetsuya Yamada, Chief Representative of the Japan International Cooperation Agency (JICA), as the Chief Guest, and Senior Prof. D.B.P.H Dissabandara, Chairman of the Securities and Exchange Commission of Sri Lanka, as Guest of Honour. Accepting the awards on behalf of BOC were Chief Financial Officer Mr. Ruwan Kumara and several senior officials.

BOC operates with an unwavering commitment to transparency, accountability, governance, and sustainability are some essential core values that underpin its operations. Receiving this accolade is a testament to the bank’s dedication to these principles. BOC expresses its profound gratitude to its stakeholders, whose contributions ensured that the annual report attained the highest standards of excellence. Additionally, BOC was presented with a certificate of recognition for sustainability reporting, reflecting its commitment to sustainable and responsible corporate practices.

This year’s award ceremony was themed as “The Digital Edge – Enriching Corporate Reporting Excellence”, emphasizing the importance of innovation and adherence to the highest standards in financial and non-financial reporting. The TAGS Awards aim to foster corporate best practices by encouraging transparency, enhancing stakeholder communication through well-structured annual reports and ensuring compliance with legislative requirements and Sri Lanka Accounting Standards (SLFRS). As a recipient of this award, BOC exemplifies these values by adopting global best practices in its reporting framework.

For over 85 years, Bank of Ceylon has been a cornerstone of Sri Lanka’s financial landscape, connecting individuals and businesses to global opportunities. BOC’s extensive network with over 2,300 touch points spread across the nation, ensures that bank’s customers have convenient access to a wide range of financial services. Moreover BOC was ranked as  the only Sri Lankan Bank among the Top 1000 World Banks 2024 and the Banker of the Year 2021,2023 and 2024 by The Banker Magazine UK, The Number 1 Banking Brand in Sri Lanka  by Brand Finance Lanka. BOC also received the People’s Banking Services Brand of the year at the SLIM KANTAR Peoples Awards 2024.Internationally, Bank of Ceylon has established a strong presence in key locations such as a Subsidiary in London, UK; branches in Male and Hulhumalé in the Maldives; Chennai, India; and the Seychelles.