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BOC reports a Pre-tax profit of 30 billion rupees
Business Today Sri Lanka
|June 2025
Bank of Ceylon showed strong performance in first quarter of 2025, ensuring financial stability and prudent risk management aligned with national economic priorities.
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Russel Fonseka, GM/CEO, BOC said, “The strength of the banking sector is crucial for confidence in the financial system. At Bank of Ceylon, we prudently manage our liquidity and capital while supporting key economic sectors. Our financial performance for 1Q 2025, highlighted by 5.3 trillion rupees in total assets, showcases our resilience and commitment to growth. This success, along with significant profitability gains, underscores our strategic focus and strong foundation. We are dedicated to expanding access, driving digital innovation, and maintaining our leadership as Sri Lanka's premier financial institution.”
The Bank reported a Profit Before Tax (PBT) of 30 billion rupees, a 222 percent increase from 9.3 billion rupees in 1Q 2024, driven by strong net interest income and improved efficiency. Profit After Tax (PAT) was 17.1 billion rupees, reflecting the Bank's focus on profitability and cost management.
Dit verhaal komt uit de June 2025-editie van Business Today Sri Lanka.
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