Bank of Ceylon

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

YearProjectCurrencyAmount
2014Budget Support Loan - BOCUSD29,400,000
2007Supply and Delivery of Construction EquipmentUSD2,322,025
2005Velaanage Office Building ProjectUSD14,963,727
2005Construction of a 40m Fisheries Project Vessel and a 35m Fisheries Project CraftUSD8,081,240
2004Malé International Airport Upgrading Phase IVUSD5,695,562
2000Repairs to Coast Guard VesselsUSD1,790,000
2000Floodlighting System at the National StadiumUSD1,855,830
1998Fire Fighting VesselUSD1,343,610
1996Purchase of Two Surveillance VesselsUSD7,200,000
1995Garbage Transport Landing CraftUSD820,000
Website link: www.boc.lk

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