Business
BOC reports strong 3Q 2025 profit of Rs. 87.7 billion, strengthening market position
Bank of Ceylon (BOC) continued to demonstrate its strength and stability in the 3Q 2025, reaffirming its role as a cornerstone of Sri Lanka’s financial landscape. With a Profit Before Tax (PBT) of Rs. 87.7 billion recorded for the first nine months of the year, the Bank showcased consistent growth driven by disciplined financial management, strategic business expansion, and a strong commitment to supporting national economic progress. This performance reinforces BOC’s reputation as a trusted institution, one that not only adapts to changing economic conditions, but also leads with confidence, resilience, and purpose.
Bank of Ceylon Chairman, Mr. Kavinda de Zoysa, stated, “As we close the third quarter of 2025, Bank of Ceylon continues to reaffirm its purpose of building a financially inclusive and economically empowered Sri Lanka. Our strong financial performance of this quarter reflects the success of our strategy to balance profitability with purpose, ensuring that growth benefits every segment of our society. We remain deeply committed to expanding access to finance, empowering youth, and fostering entrepreneurship through innovative and digitally driven solutions. By providing affordable financial services and supporting young innovators and small businesses (SMEs), we are not only strengthening individual livelihoods but also fueling the nation’s long-term economic resilience. Bank of Ceylon stands firm in its mission to drive inclusive prosperity, sustain strong financial growth, and inspire a future where every Sri Lankan can thrive”.
Strong Financial Performance and Enhanced Operational Efficiency
During the first nine months of 2025, BOC continued to deliver strong and sustainable financial performance, reflecting both strategic focus and disciplined execution. The Bank recorded a Profit before Tax (PBT) of Rs. 87.7 billion, a remarkable 133% increase compared to Rs. 37.6 billion in the corresponding period of 2024. This robust performance was driven by a 62% growth in Net Interest Income (NII) to Rs. 153.2 billion, highlighting the Bank’s ability to strengthen core banking income while maintaining operational efficiency and financial resilience.
BOC effectively navigated the evolving interest rate environment, recording a 15% increase in interest income to Rs. 368.1 billion, alongside a 5% reduction in interest expenses to Rs. 214.9 billion. The resulting improvement in net interest margin demonstrates strong balance sheet management and strategic repricing strategies.
Non-fund-based income also played a vital role in boosting overall earnings. Net fee and commission income increased by 11% to Rs. 16.8 billion, driven by growing customer engagement in digital channels, card usage, retail transactions, and remittance flows.
Total operating income rose 61% to Rs. 181.1 billion, while operating expenses increased by only 6% to Rs. 51.8 billion, reflecting effective cost management. This resulted in a notable improvement in operational efficiency, with the Bank achieving a cost-to-income ratio of 32%.
Operating profit before taxes on financial services rose to Rs. 111.1 billion and after accounting for Rs. 23.4 billion in taxes on financial services and Rs. 31.9 billion in income tax expense, the Bank reported a solid Profit After Tax (PAT) of Rs. 55.7 billion. During the period, BOC also contributed Rs. 55.3 billion in direct and indirect taxes, reaffirming its pivotal role in supporting national fiscal stability. (BOC)
Business
Sri Lanka’s first generative AI‑powered, trilingual insurance assistant
Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.
Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.
For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.
The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.
The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.
The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.
Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)
Business
‘Lanka Tractors returns with a historic Colombo 11 showroom’
Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.
Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.
Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.
The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.
Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.
Business
Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo
The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.
Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.
Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.
Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.
Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .
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