The announcement was made at a ceremony held in conjunction with SWIFT’s SIBOS convention at Sands Expo and Convention Centre, Marina Bay Sands, Singapore.

The Asian Banker 500 ranking is the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the region. All data are sourced from Central Banks and miscellaneous publications or via informed estimates. The evaluation was based on the balance sheet growth, scale of operations, risk profile, profitability, asset quality and liquidity for the year 2014.

The Bank of Ceylon is among the winners, who are Standard Chartered Bank Hong- Kong, HSBC Hong-Kong, Bank of China, DBS Group, West-Pac Banking Corporation-AUS, ANZ Bank New Zealand and May Bank Malaysia.The Asian Banker 500 ranking is the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the region.

“BOC topped as the strongest bank in Sri Lanka, based on our financial results for the year 2014.

Over years the Bank has increased its overall balance sheet strength with strong improvements in profitability, capitalization and liquidity.

Owning the highest asset base in the country we have closed the year 2014 on an exceptionally high note on the balance sheet. After observing our latest results with the corresponding year I am confident that we will end 2015 with magnificent results in terms of Profit and Balance sheet,” General Manager D.M. Gunasekara said.

(Dailynews)