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Bank of Ceylon celebrates 43 years of banking excellence in the Maldives

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Bank of Ceylon celebrates 43 years of banking excellence in the Maldives with a special customer felicitation ceremony

The Bank of Ceylon, one of the most esteemed financial institutions in the Maldives, commemorated its 43rd anniversary on May 28th 2024, marking over four decades of distinguished service and significant contributions to the economic development of the island nation.

Established on May 7th 1981, and granted its banking license on January 26th 1982, the Bank of Ceylon has been a pillar of financial stability in the Maldives, earning a reputation for reliability, stability, and customer-centric service as one of the oldest and most respected banks operating in the country.

The anniversary celebration, held in a grand ceremony, was graced by the honorable Chief Guest, Ranga Goonawardena, the High Commissioner of Sri Lanka to the Maldives. Prominent attendees included the Chairman of Bank of Ceylon, Kavan Rathnayaka, General Manager/Chief Executive Officer, W. P. Russel Fonseka, Deputy General Manager – International, Treasury and Investment, G. A. Jayashantha , Deputy General Manager – Corporate & Offshore Banking, Rohana Kumara and the Country Manager of Bank of Ceylon Maldives, Ms. Manjula Herath. Loyal and dedicated customers, along with other esteemed guests, gathered to commemorate this remarkable milestone in the bank’s history.

Under the pioneering leadership of its first Country Manager, M S M Liyawdeen, the Bank of Ceylon, Maldives has embarked on a journey marked by notable achievements. Over the years, the bank has financed numerous pivotal projects in the government sector, including the upgrade of Male International Airport Phase IV, the purchase and repair of Surveillance, Fire Fighting and Coast Guard Vessels, the upgrade of the internal flooding system, and the construction of various government buildings. Additionally, the Bank has provided budgetary support credit facilities to the Government and State-Owned Enterprises.

Beyond the government sector, the Bank of Ceylon, Maldives has been a key financier for major projects in Resort Development, Tourism, Construction, Real Estate, and businesses in the wholesale and retail sectors. Bank has taken part in providing credit facilities at the inception of Guesthouse business in Maldives and built many success stories for Startups.



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BOC Maldives Celebrates 45 Years of Banking Excellence and Unveils New Digital Banking Initiative

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Established in 1981, BOC Maldives has grown steadily over the years, building a reputation as a trusted banking partner. BOC Maldives forms an important part of Bank of Ceylon’s international network, connecting the bank’s operations in London, Chennai, Seychelles, Malé and Hulhumalé. Within this network, BOC Maldives occupies a unique position due to its presence in a tourism-driven economy and its role in facilitating banking relationships associated with trade, investment, foreign currency transactions, and broader regional business activities.

Bank of Ceylon (BOC) Maldives recently celebrated its 45th anniversary, marking a significant milestone in the bank’s longstanding contribution to the Maldivian banking sector and its commitment to fostering economic growth and financial inclusion in the Maldives. A special customer felicitation ceremony was held to recognise long standing relationships with key customers and business partners with the participation of Bank of Ceylon’s Chairman Mr. Kavinda de Zoysa, General Manager/CEO Mr. Y.A. Jayathilaka, Acting Senior Deputy General Manager/Head of Global Markets Mr. G.A. Jayashantha, and Chief Manager of the Overseas Branches Division, Mr. Harischandra Hewage together with Country Manager Ms. Manjula Herath and the staff of BOC, Maldives.

The ceremony reflected the bank’s appreciation for the trust and confidence placed in BOC Maldives over the years and underscored the importance of maintaining strong and mutually beneficial partnerships. Addressing the gathering, senior representatives of the bank highlighted the institution’s journey over the past 45 years and emphasized the branch’s contribution towards strengthening economic ties between Sri Lanka and the Maldives. They also acknowledged the invaluable support extended by customers, stakeholders, regulatory authorities, and employees who have contributed to the branch’s success throughout the years.

One of the key highlights of the event was the announcement of the upcoming launch of Internet Banking services in the Maldives. This initiative represents another significant step in the bank’s digital transformation journey and its ongoing efforts to enhance customer convenience and accessibility. The branch has consistently embraced advancements in banking technology to improve customer service and operational efficiency. Notably, BOC was the first bank in the Maldives to introduce Automated Teller Machines (ATMs), demonstrating its pioneering approach to banking innovation within the country.

The anniversary also offered an opportunity to reflect on the legacy built by BOC Maldives since its establishment. Over the years, the bank has been associated with financing and supporting projects in government, infrastructure, tourism, resort development, construction, real estate, wholesale and retail trade, housing, fisheries, and aviation. Earlier milestones in the bank’s Maldivian operations have also recognized its role in supporting major national and sectoral projects, including airport-related development, government sector financing, and the Hulhumalé Reclamation Project Phase II.

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Blue Lanka Tours launches employee mental health and wellness programme

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Participants of the event

Blue Lanka Tours recently launched a mental health and wellness initiative aimed at promoting employee wellbeing and fostering a healthier workplace culture.

The programme, titled Compass, was held at the ITC Ratnadeepa in Colombo, bringing together employees for a series of sessions focused on mental health awareness, healthy living and personal development.

Addressing the event, Blue Lanka Tours Founder and Managing Director Dinesh N. Perera said the company’s responsibility extended beyond serving international visitors to ensuring the wellbeing of its employees.

“When we say we are a responsible company, it also means we are a responsible employer who recognises workplace pressures, personal responsibilities and the demands of modern life,” he said.

Wellness Facilitator and Mindset Coach Tanuja Perera Raymond conducted a session on building confidence, emotional balance and workplace performance through practical daily habits. Counselling Psychologist and Mind Leap Counselling Services Founder Dulari Ranasinghe discussed strategies for managing stress, overcoming emotional challenges and developing healthier personal relationships.

Fitness and Nutrition Coach Shane Ramenaden led the final session, highlighting the relationship between physical health and workplace productivity through posture improvement, mindful decompression, nutrition and healthy lifestyle practices.

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ICAO Asia-Pacific Director joins NGAP aviation awareness programme in Kandalama

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A winner of the art competition receiving her certificate

The Civil Aviation Authority of Sri Lanka (CAASL) conducted the Next Generation of Aviation Professionals (NGAP) Sri Lanka Programme at D.S. Senanayake Maha Vidyalaya, Kandalama, recently bringing together around 400 school students to promote awareness of aviation-related careers.

The programme, organised through the CAASL Civil Aviation Promotion Unit under the leadership of Director General of Civil Aviation and Chief Executive Officer Captain Daminda Rambukwella, aimed to inspire students to explore opportunities in the aviation sector.

ICAO Asia and Pacific Regional Director Tao Ma attended the event as chief guest, reaffirming the International Civil Aviation Organization’s support for initiatives that encourage youth participation in aviation and contribute to the sustainable growth of the global industry.

Students from D.S. Senanayake Maha Vidyalaya and several schools in the Galewela Education Zone participated in the programme, which featured interactive sessions, presentations by aviation professionals, and educational activities designed to enhance knowledge of the sector.

The programme commenced with a model aircraft flying display, which drew significant interest from students while demonstrating basic principles of flight and aircraft operations.

An aviation-themed art competition was also held, with ICAO officials and CAASL representatives reviewing student artwork and commending their creativity and enthusiasm.

Speaking at the event, Tao Ma praised Sri Lanka’s efforts to promote aviation awareness among youth, noting the importance of developing the next generation of aviation professionals.

Director General of Civil Aviation and Chief Executive Officer of the Civil Aviation Authority of Sri Lanka, Captain Daminda Rambukwella highlighted the role of the NGAP initiative in building a future-ready aviation workforce and encouraged students to consider careers in the expanding sector.

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