BOC delivers Rs. 62.7 Bn PBT for 1H 2026, posts PAT of Rs. 39.8 Bn
- Total Assets base of Rs. 5.4 trillion
- Total Deposit base of Rs. 4.3 trillion
Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, continued to uphold its enduring legacy as the Bankers to the Nation as it marks 87 years of service to Sri Lanka.
During the 1H 2026, the Bank leveraged its financial strength and extensive nationwide network to support the Government, businesses, infrastructure development and communities, while contributing to the country’s economic recovery and sustainable progress. This commitment was underpinned by a strong financial performance, with BOC recording a Profit Before Tax (PBT) of Rs. 62.7 billion, reaffirming its financial resilience and continued contribution to the nation.
Bank of Ceylon Chairman, Kavinda de Zoysa, stated, “Building on our strong financial base and enduring commitment to the nation, BOC remains dedicated to supporting Sri Lanka’s economic growth and sustainable development. During the 1H 2026, our focus on operational excellence, prudent risk management and customer-centric innovation enabled us to maintain financial resilience while continuing to support the businesses, entrepreneurs and communities across the country. As the Bankers to the Nation, we remain committed to strengthening our contribution to national economic development, expanding financial inclusion, accelerating digital transformation and advancing sustainable banking. Looking ahead, we will continue to leverage our financial strength, extensive nationwide presence and capabilities to support the country’s evolving priorities and create enduring value for our customers, stakeholders and the nation while ensuring that, customer service and experience will be at the heart of everything we do.”
As the Bankers to the Nation, BOC continued to leverage its financial strength to support national priorities and drive economic activity during the 1H 2026. The Bank continued to provide financing to the Government and State-Owned Enterprises, invest in Government Securities and support power and critical national infrastructure projects, while facilitating essential imports including fuel, pharmaceuticals, coal, gas and capital goods. BOC also continued to contribute to Government revenue through taxes and dividend payments.
Supporting private-sector growth, the Bank provided financing across key sectors, with particular emphasis on SMEs, agriculture, exporters and entrepreneurs. Through initiatives such as SME Circles, the Export Circle and the country’s first Agri-Banking Unit, together with dedicated programmes for youth and women entrepreneurs, BOC continued to strengthen productive capacity, employment and inclusive economic growth, reinforcing its enduring contribution to Sri Lanka’s economic resilience and development.
In 1H 2026, Net Interest Income (NII) reached Rs. 109.4 billion, reflecting the Bank’s continued focus on disciplined balance sheet management, effective management of asset-liability trade-off and optimized funding strategies. Interest income grew by 4% YoY to Rs. 253.7 billion, demonstrating the Bank’s ability to effectively manage its earning assets and sustain income generation through prudent financial management.
Net fee and commission income grew by 17% YoY to Rs. 12.7 billion. The growth was driven by higher transaction volumes across card services, retail banking and remittances, alongside the increasing use of digital banking solutions. Continued investment in digital capabilities and value-added financial solutions, together with the Bank’s established card business and customer-focused offerings, supported the growth of non-interest income and enhanced customer engagement.
Source: Daily News
