Untitled - Colombo Stock Exchange

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4.2 Principal activities The Bank provides a comprehensive range of services covering all sectors of the business community as well as the Government. Listed below are the products and services provided. Corporate & Offshore Banking Retail Banking Personal Banking * Advances * Savings accounts * Current accounts * Trade Finance facilities * Current accounts * Local currency savings * Deposits * Loans & Advances * Foreign currency deposits * Fund Transfers * Trade Finance * Term deposits * Bonds & Guarantees * Credit/Debit cards * Other services * Safe Custody Vault International & Treasury Operations Development Banking * International Banking * Micro Farming * Correspondent Relationship * Micro Enterprises * Trade Promotions * Fisheries * Pay Office & Travel * Agri Business * Inward Remittance * Housing * Treasury * Transportation * Transactions in Government securities * Small & Medium Enterprises * Forex * Consumption * Fund management Advice * Education 4.3 Goals for 2010 and beyond Outlook During 2010-2012, Sri Lanka would bank on local peace dividends and the global economic recovery. In the immediate to medium term, the tourism, agriculture and fisheries sectors are expected to expedite growth with the opening up of approximately 2/3 of the country’s coastal belt and almost ¼ increase in the landmass for economic activity previously unutilised due to the war. In the medium term, reconstruction of damaged infrastructure in the north and the east and expedited infrastructure investments in the rest of the country will provide impetus for growth. Country’s literate, trainable labour force and the liberalized Information Technology (IT) environment would also encourage new ventures in communication and information technology. Improved business confidence should continue to promote both local and foreign investments in its path to become the Wonder of Asia in line with the government’s vision. Committed to the Development of the North & the East As has already been reported, the war left two thirds of Sri Lanka’s coastal belt in the north and the East under-developed and largely untapped in potential and resources. The BOC is of the view that future growth in this context will significantly be domestic –based and the Northern and the Eastern Provinces will be at the centre of development, especially in the areas of tourism, agriculture, dairy, animal, husbandry and infrastructure development. In such a scenario and in our desire to support the Government’s mandate of bringing development to all areas of the country. We believe that BOC has a significant role to play in these endeavours, through a commitment to unearth and resuscitate dormant economic power in these regions. B O C DEBENTURE PROSPECTUS 19
Objective -Transform BOC to Complete financial Solution House Future Strategies - Revenue Diversification - New Markets/ New Products - New skill set/skill migration - Business realignment Assumptions Risk - Sustainability of Domestic Peace - Our expectation that GDP will grow positively focusing on agriculture, fisheries, tourism, infrastructure and service industry - Political stability of the government and policy stability - Investor friendly Interest rate regime - Relatively stable rupee - Single digit inflation - Majority of the Banking sector growth is sourced from Domestic economy - Sustainability of low interest rate regime - Changes to the government policy Directions - Unexpected external shocks - Changes in Domestic inflation - Risk of political instability - Bank inability to Source/ retain/develop future skills - Systemic threat on asset quality - Natural Disasters - Bank inability to cope up with new market/ new product 4.4 Share capital 20 a) The detailed breakdown of the share capital of BOC is given below. Authorized Capital LKR’000 50,000,000 ordinary shares of LKR 1000 each 50,000,000 Issued and fully paid 5,000,000 The entire (100%) issued capital of BOC is held by the Secretary to the Treasury on behalf of the Government of Sri Lanka. b) Particulars of Loans, other Borrowings, Liabilities and indebtedness LKR ‘000 (i) Long term borrowings as at 31 Dec 2009 Debenture Issued 17,998,476 Money Market Loan 17,162,000 (ii) Short term Borrowings as at 31 Dec 2009 Repo 34,203,701 Call Money 10,820,000 B O C DEBENTURE PROSPECTUS
Page 1 and 2: Registered Ofice No. 4, Bank of Cey
Page 3 and 4: THE COLOMBO STOCK EXCHANGE (CSE) HA
Page 5 and 6: CORPORATE INFORMATION Issuer : Bank
Page 7 and 8: Opening Date : 01 st June 2010 comm
Page 9 and 10: Opening Date : 01 st June 2010 comm
Page 11 and 12: LKR : Sri Lankan Rupees MN : Millio
Page 13 and 14: further 20,000,000 Debentures or pa
Page 15 and 16: The rights and obligations of the T
Page 17 and 18: 2.12 Listing the executors or admi
Page 19 and 20: d) If the ownership of the Debentur
Page 21 and 22: 3.5 Rejection of Applications 1. Ap
Page 23 and 24: 4. OVERVIEW OF THE BANK 4.1 Histori
Page 25 and 26: 16 Stable deposit enabling solid b
Page 27: LKR Mn LKR Mn 1.5 0.5 18 1 0 70,000
Page 31 and 32: 22 - do - National Savings Bank 1,0
Page 33 and 34: 4.5 Patents, Brands & Trade Marks B
Page 35 and 36: Ceybank Holiday Hones (Pvt) Ltd Pri
Page 37 and 38: 5. THE BOARD OF DIRECTORS 5.1 The d
Page 39 and 40: 30 No Director of BOC or a person n
Page 41 and 42: Approval of annual and interim Fina
Page 43 and 44: 34 iii Evaluate the committee’s o
Page 45 and 46: 36 Credit committee The overall obj
Page 47 and 48: Dr L Siriwardena Head of Research a
Page 49 and 50: 9 STATUTORY AND OTHER GENERAL INFOR
Page 51 and 52: Declaration by the Bank An applicat
Page 53 and 54: nature of such interest at the meet
Page 55 and 56: To exercise it’s (n) To do all or
Page 57 and 58: SECOND SCHEDULE PART 1 Proceedings
Page 59 and 60: PART II Powers and Duties of Direct
Page 61 and 62: PART IV Dividends and Reserve Half-
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PART IV Dividends and Reserve Half-
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BOC BRANCH NETWORK NORTH CENTRAL PR
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Wellawaya 055-2274880 Athurugiriya
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D N H Financial (Pvt) Ltd.,Level 16
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Kurunegala AGM’s Quart’s Kurune
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New Head Office Building 4, Bank of
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Financial Reports 2009 BANK OF CEYL
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1.7.2 Deferred Taxation Deferred ta
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2.2.2 (d) Provision for Pawning A 1
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The initial costs comprise license
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fivecontinuous years dies while in
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4.2.6 Premium Receivable According
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110 7. Cash Flow and Cash and Cash
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Untitled - Colombo Stock Exchange

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