BOC records Rs. 30 b pre-tax profit in 1Q

Continues as largest SME and development banking lending institution Futuristic and client-focused Business Revival and Rehabilitation Unit with industry leading practices Total assets reaches milestone of Rs. 5.3t PAT of Rs. 17.1 b Total deposit base of Rs. 4.5 t. Gross loans and advances at Rs. 2.4t Rs. 20.8 b contributed to Govt. as taxes

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BANK of Ceylon (BOC) said yesterday it delivered a strong and resilient performance in the first quarter of 2025. Building on the momentum of 2024, the bank maintained financial stability, demonstrated prudent risk management, and remained aligned with national economic priorities in an evolving macroeconomic environment.

General Manager/CEO Russel Fonseka said: "The strength and soundness of the banking sector are critical to sustaining confidence in the financial system.

At BOC, we have prudently managed our liquidity and capital positions while consistently supporting vital sectors of the economy. Our financial performance for 1Q 2025, underpinned by a remarkable milestone of Rs.

5.3 trillion in total assets, reflects our resilience and unwavering commitment to growth. This achievement, alongside significant profitability gains, reinforces the bank's strategic focus and robust financial foundation.

Looking ahead, we remain committed to expanding access, driving digital innovation, and reinforcing our leadership as Sri Lanka's premier financial institution." In 1Q 2025, the bank recorded a Profit Before Tax (PBT) of Rs. 30.0 billion, marking a remarkable 222% increase compared to Rs. 9.3 billion in 1Q 2024, driven by robust growth in net interest income (NII) and enhanced operational efficiency. Profit After Tax (PAT) stood at Rs. 17.1 billion, reflecting the bank's sustained focus on profitability and prudent cost management.