Established in 1981, BOC Maldives has grown steadily over the years, building a reputation as a trusted banking partner. BOC Maldives forms an important part of Bank of Ceylon’s international network, connecting the bank’s operations in London, Chennai, Seychelles, Malé and Hulhumalé. Within this network, BOC Maldives occupies a unique position due to its presence in a tourism-driven economy and its role in facilitating banking relationships associated with trade, investment, foreign currency transactions, and broader regional business activities.
Bank of Ceylon (BOC) Maldives recently celebrated its 45th anniversary, marking a significant milestone in the bank’s longstanding contribution to the Maldivian banking sector and its commitment to fostering economic growth and financial inclusion in the Maldives. A special customer felicitation ceremony was held to recognise long standing relationships with key customers and business partners with the participation of Bank of Ceylon’s Chairman Mr. Kavinda de Zoysa, General Manager/CEO Mr. Y.A. Jayathilaka, Acting Senior Deputy General Manager/Head of Global Markets Mr. G.A. Jayashantha, and Chief Manager of the Overseas Branches Division, Mr. Harischandra Hewage together with Country Manager Ms. Manjula Herath and the staff of BOC, Maldives.
The ceremony reflected the bank’s appreciation for the trust and confidence placed in BOC Maldives over the years and underscored the importance of maintaining strong and mutually beneficial partnerships. Addressing the gathering, senior representatives of the bank highlighted the institution’s journey over the past 45 years and emphasized the branch’s contribution towards strengthening economic ties between Sri Lanka and the Maldives. They also acknowledged the invaluable support extended by customers, stakeholders, regulatory authorities, and employees who have contributed to the branch’s success throughout the years.
One of the key highlights of the event was the announcement of the upcoming launch of Internet Banking services in the Maldives. This initiative represents another significant step in the bank’s digital transformation journey and its ongoing efforts to enhance customer convenience and accessibility. The branch has consistently embraced advancements in banking technology to improve customer service and operational efficiency. Notably, BOC was the first bank in the Maldives to introduce Automated Teller Machines (ATMs), demonstrating its pioneering approach to banking innovation within the country.
The anniversary also offered an opportunity to reflect on the legacy built by BOC Maldives since its establishment. Over the years, the bank has been associated with financing and supporting projects in government, infrastructure, tourism, resort development, construction, real estate, wholesale and retail trade, housing, fisheries, and aviation. Earlier milestones in the bank’s Maldivian operations have also recognized its role in supporting major national and sectoral projects, including airport-related development, government sector financing, and the Hulhumalé Reclamation Project Phase II.
In addition, the BOC, Maldives has played a leading role in structuring and arranging syndicated financing facilities for major resort developments and strategic infrastructure development projects in the Maldives, creating opportunities for the participation of both Bank of Ceylon and other competitive Sri Lankan banks. This collaborative approach has contributed the development of Maldivian economy while reinforcing Bank of Ceylon’s standing as trusted banking partner.
Furthermore, during the aftermath of Cyclone “Ditwa”, the branch played a significant role in facilitating timeless remittance around USD 0.6Mn as relief and support funds to Sri Lanka , demonstrating its commitment beyond traditional banking service. In 2025 alone, remittance amounting to USD 126.4Mn were channelled to Sri Lanka through BOC, Maldives , reflecting the branch’s significant contribution to strengthening financial connectivity between two countries.
BOC Maldives looks forward to continuing its journey of growth and strengthening its contribution to the Maldivian economy for many years to come. The 45th anniversary celebration not only marked an important milestone in the branch’s history but also signalled the beginning of a new chapter characterized by digital innovation, enhanced customer engagement, and continued commitment to excellence in banking.
