Bank of Ceylon (BOC) is Sri Lanka’s first state owned commercial bank in Fort, Colombo and which was established in 1939. With a broad range of financial services, it has firmly established as Sri Lanka’s largest financial institution. The Bank is a key lender to Government of Sri Lanka’s national development projects and as well as one of the largest contributors to Sri Lanka’s national revenue.
The first loan from BOC to Maldives was in 1995 for the purchase of a Garbage Transport Landing Craft. Since then, the Bank has assisted the country in many areas of infrastructure development and transportation.
BOC in the Maldives
| Year | Project | Currency | Amount |
| 2014 | Budget Support Loan - BOC | USD | 29,400,000 |
| 2007 | Supply and Delivery of Construction Equipment | USD | 2,322,025 |
| 2005 | Velaanage Office Building Project | USD | 14,963,727 |
| 2005 | Construction of a 40m Fisheries Project Vessel and a 35m Fisheries Project Craft | USD | 8,081,240 |
| 2004 | Malé International Airport Upgrading Phase IV | USD | 5,695,562 |
| 2000 | Repairs to Coast Guard Vessels | USD | 1,790,000 |
| 2000 | Floodlighting System at the National Stadium | USD | 1,855,830 |
| 1998 | Fire Fighting Vessel | USD | 1,343,610 |
| 1996 | Purchase of Two Surveillance Vessels | USD | 7,200,000 |
| 1995 | Garbage Transport Landing Craft | USD | 820,000 |
