Business

‘Start saving with BOC’s special deposit schemes for a secure tomorrow’

Published

4 years ago

2022/08/8

There has never been time where citizens could come to a common understanding that the success of an individual strongly depends on foreground of the country’s economic development projection. And inadvertently the development of any community or country strongly depends on individual contribution and values upheld by all such individuals. Addressing the pressing need to promote thrift and saving habits among Sri Lankans, the country ‘s No.1 Bank, Bank of Ceylon strongly encourage all citizens to engage with the banking stream in whatever way possible to build up their individual savings along with day-to-day thrift habits.

Among number of deposit schemes, Bank of Ceylon ‘100 Days Investment Scheme’ has emerged as one of the unique and popular savings proposition among its customers and within the banking and financial industry. It offers a compelling value preposition to earn high and secure returns on investments within a period of 100 days. The bank has been continuously improving the deposit product with a view to extend the benefits of this unique investment opportunity to a larger population, while enhancing the benefits of this industry pioneering deposit product to its customers. Accordingly, this has been relaunched under three investment plans starting from a minimum deposit of Rs.500,000. The three investment plans includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000. The short-term investment opportunity present a rare opportunity for the public to gain the maximum benefit of the prevailing high interest rate by simply placing their idling-money or savings that gives lower return. Further, it also act as a cushion for the public to protect the real value of their money under the current high inflationary environment.

Similarly, Bank of Ceylon has come up with ‘200 Days Investment scheme’ which can be opened with a Rs.500,000 minimum deposit comes with attractive returns and other benefits. The public can subscribe to ‘200 Days Investment scheme’ in three investment plans that includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000 in order to enjoy higher short-term return on their investments with guaranteed security for their deposits.

For the investors who are looking to make higher returns over a longer time period, ‘BOC Double Your Investment’ offers to double the investment within just four year period. With a minimum of Rs.1,000,000 investment, the public can join this scheme to double their investment at the end of four-year maturity period. Therefore, ‘BOC Double Your Investment’ in no doubt is the most attractive investment proposition for such investors for highest-yielding secure returns.

In addition, these deposit holders also have the opportunity of borrowing up to 90 percent of the deposited amount in this scheme, within the maturity period in order to meet unexpected and urgent fund requirements.Bank of Ceylon, Deputy General Manager (Branch Operations and Development Banking), Priyal Silva emphasized that innovative deposit products are critical to cultivate and promote savings among the public in order to elevate their own financial well-being as well as the country’s future economic outlook. “By placing their hard-earned savings in one of these special saving schemes, our customers will have the opportunity to successfully emerge out of the current economic crisis and continue to calibrate to their life aspirations. At a macro scale, I believe such innovative deposit scheme will contribute to elevate the economic outlook of the country,” he said.

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Business

Ceylinco Life agent among three global finalists for award

Published

11 hours ago

2026/09/27

Thilina Walpola

Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

Business

CEAT Kelani retains AA+ rating for sixth year

Published

11 hours ago

2026/09/27

Thilina Walpola

CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

Business

Commercial Bank leads nationwide aquatic clean-up drive

Published

11 hours ago

2026/09/27

Thilina Walpola

Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.