Bank of Ceylon stands out as the winner for Economic Contribution and Economic Sustainability at BCCS Awards 2017


The Bank of Ceylon team receiving the award at the Best Corporate Citizenship Awards 2017.

Bank of Ceylon won two awards at the Best Corporate Citizen Sustainability Award Ceremony 2017 held recently at the Cinnamon Grand, Colombo. Bank of Ceylon was recognized as the winner of the "Triple Bottom Line - Economic Sustainability (Profit) award" and also recognized as a "category winner – Economic Contribution award".

These two awards were awarded to the Bank in recognition of its sustainable business growth, economic value creation and contribution towards national economy. Organized by the Ceylon Chamber of Commerce the event was graced by Kenichi Suganuma, Japanese ambassador in Sri Lanka as the Chief Guest. The keynote speaker was by David Bent, a Global Expert on Corporate Sustainability. The Award ceremony recognizes Business entities that have shown exemplary performances as sustainable corporate entities. By recognizing these corporate entities the Ceylon Chamber of Commerce encourages companies to follow triple bottom line- People, Profit and Planet- sustainability practices and build a sustainable cycle where the company’s long term sustainability thrives as much as it gives back to the community and every possible stakeholder.

"Living up to its promise as "Banker’s to the Nation", the Bank of Ceylon has strategically built its three pillars around its entire scope of operations to reap benefits for all its stakeholders. As a state bank, BOC’s objective is to assist the government of Sri Lanka’s economic objectives that get translated into the whole country’s socio-economic development. Therefore, final beneficiaries of this whole process are all Sri Lankans in general. Currently BOC is the highest profit earning single business entity in the country. Its PBT of the year 2015 and 2016 were calculated as Rs. 25.3 billion and Rs. 31.2 billion respectively" stated the General Manager D. M. Gunasekara. The Bank brought forward the digital infused transformation that has enabled the Bank to reduce operational costs and contribute more towards its main stakeholder, the government of Sri Lanka. With its ability to reach every economic segment in the country successfully with island wide network of branches and its vast array of products that can genuinely address the needs of these segments, Corporate Social Responsibility is actually an every-day business practice for BOC.

"BOC" from being a responsible services provider for its customers, whose integrity has been tested over a span of 78 years, the Bank has evolved to deliver a service which goes beyond mere banking to its community. BOC has been with Sri Lankans throughout their joys and sorrows with great empathy and helped them to outgrow their shells of socio-economic obstacles and become more economically-able to achieve their individual visions.

Moving forward the Bank has formulated its comprehensive Sustainability Policy to address strategic placement of procedures and processes to strengthen the triple bottom line: Social, Economic and environmental pillars. Strategic Corporate Social Responsibility is embedded into Sustainability Policy of the Bank. - BoC

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