Untitled - Colombo Stock Exchange
Untitled - Colombo Stock Exchange
Untitled - Colombo Stock Exchange
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Significant milestones in the life of the Bank<br />
1939 Established as the nation’s first modern, locally owned bank.<br />
1941 Operations commenced in Kandy with opening of a branch office<br />
1949 First overseas branch opened in London shortly after Independence<br />
1959 Authorized capital enhanced to LKR 50 Million by Act of Parliament.<br />
1961 The Government of Ceylon became sole owner by nationalizing the bank.<br />
1979 Offshore banking operations commenced<br />
with the establishment of the<br />
Foreign Currency Banking Unit<br />
1980 Automation of business operations<br />
1981 Branch opened in Male, Republic of Maldives<br />
1985 Head Office shifted to 32 storeys BOC Tower in <strong>Colombo</strong>.<br />
1988 Installation of the first BOC ATMs ushers in the electronic banking era<br />
1989 Introduction<br />
International<br />
of Ceybank Visa credit card in collaboration with Visa<br />
1998 MOU with Government of Sri Lanka<br />
autonomy and target oriented performance<br />
providing greater management<br />
2000 Authorized capital enhanced to LKR 50 Billion by Act of Parliament.<br />
2005 Balance sheet footings<br />
surpass LKR 300 billion, the largest asset base of any<br />
Sri Lankan bank.<br />
2005 Wide range of relief, rehabilitation and reconstruction activities<br />
undertaken<br />
and financed in the aftermath of the December 2004 tsunami.<br />
2006 IBM/FISERV prize for the fastest<br />
deployment of an online core banking<br />
system in Asia – Pacific region.<br />
2007<br />
2008<br />
Raise $ 210 million, the largest internationally syndicated debt by any Sri<br />
Lankan issuer; appointed Co-Manager of historic $ 500 million debut bond<br />
issued by the Government of Sri Lanka; commenced Village<br />
development<br />
Programme focused on engaging rural communities.<br />
Achieves largest online bank status in Sri Lanka with 303branches, 117<br />
extension offices and 253 ATM facilities; extends on line banking in the<br />
Maldives enabling expatriate customers to access their accounts, raises Rs<br />
4.2 billion via a listed subordinated rupee debenture of 5 years raises US $<br />
21.6 million via a private placement of a 5 year subordinated dollar<br />
debenture.<br />
2009 Establishment of the Investment Banking<br />
Division, Integrated Risk Management<br />
Division and Trade Services Division<br />
B O C DEBENTURE PROSPECTUS<br />
17