Friday, 25 April 2025
BoC awaiting Rs. 2.5 billion from customers

BoC awaiting Rs. 2.5 billion from customers Featured

Ten prominent customers of Bank of Ceylon have evaded settling payments amounting to Rs. 2.5 billion, a Committee on Public Enterprises (COPE) interim report issued for the period between 2014 October - 2015 March reveals.

According to the COPE report, it has been revealed that these customers include a printing firm, a famous apparel company and a Naval company.

It further reports that the bank has already taken legal action against several customers.

Meanwhile, the income growth of BoC which was 56.3% in 2012, had plummeted to 15.7% in 2013.

In addition, the BoC is also yet to receive Rs. 491 million provided to customers as overdraft payments.

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