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Untitled - Colombo Stock Exchange

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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

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