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BOC Financial Performance Q1 2026
Key financial figures for the first quarter of 2026.
Primary Sources
Bank of Ceylon posts Rs. 28.8 billion Q1 profit, contributes Rs. 17.5 ...
Sri Lanka’s largest state-owned lender, Bank of Ceylon (BOC), has reported a Profit Before Tax (PBT) of Rs. 28.8 billion for the first quarter of 2026, underscoring its resilience amid a stabilizing macroeconomic environment and ongoing global uncertainties. The bank’s Profit After Tax (PAT) stood at Rs. 18.8 billion, supported by disciplined execution, digital transformation, and enhanced operational efficiency. Total assets surpassed Rs. 5.5 trillion, with a deposit base of Rs. 4.5 trillion and gross loans and advances of Rs. 2.7 trillion. Net Interest Income (NII) reached Rs. 52.9 billion, while net fee and commission income grew by an impressive 22% year-on-year to Rs. 6.3 billion, driven by higher transaction volumes in card services, remittances, and digital banking. Despite a challenging low-interest-rate environment, total operating income rose 8% to Rs. 61.5 billion. Operating expenses increased modestly by 4% to Rs. 17.2 billion, improving the cost-to-income ratio to 32.1%. BOC adopted a cautious risk management stance, recording an impairment charge of Rs. 7.9 billion on loans, up from Rs. 2.9 billion a year earlier. The Stage 3 loan ratio remained stable at 5.46%, with provision coverage improving to 59.41%. The bank contributed Rs. 17.5 billion to the government as taxes, highlighting its role as a key state revenue driver. Its Tier I Capital Adequacy Ratio stood at 13.04%, well above regulatory requirements. Chairman Kavinda de Zoysa said the performance reflects “disciplined execution” amid global challenges, including the Middle East conflict. CEO Y. A. Jayathilaka emphasized digital enablement and customer-centric service as strategic priorities.
Bank of Ceylon Records Rs. 28.8 billion Profit Before Tax (PBT) for 1Q ...
Profit After Tax of Rs. 18.8 billionTotal Assets base of Rs. 5.5 trillionTotal Deposit base of Rs. 4.5 trillionGross loans and advances of Rs. 2.7 trillionRs. 17.5 billion contributed to the Government as taxes Photo Caption: Left: Mr. Kavinda de Zoysa, Chairman - BOC and in Right: Mr. Y A Jayathilaka, General Manager/ Chief Executive Officer – BOCBank of Ceylon (BOC), Sri Lanka’s premier financial institution, commenced 2026 with a solid financial performance, recording a Profit After Tax (PAT) of Rs. 18.8 billion for the three months ended 31 March 2026. Operating within a stabilizing macroeconomic environment, the Bank continued to demonstrate resilience, strategic focus, and sustained business momentum through disciplined execution, enhanced operational efficiency, prudent risk management, and strong customer confidence. The performance reinforces BOC’s position as the nation’s banking leader and reflects its continued commitment to financial stability, sustainable growth, innovation, and meaningful contribution to Sri Lanka’s economic progress.Bank of Ceylon Chairman, Mr. Kavinda de Zoysa, stated, “The 1Q 2026 reflects the Bank’s continued resilience and disciplined execution in a gradually improving economic environment, underpinned by a strong financial performance and a clear strategic focus on sustainability and digital transformation. Building on the strong momentum of 2025, the Bank has further strengthened its core fundamentals through operational excellence, prudent risk management, and innovation-led growth initiatives despite global challenges arising from the Middle East war. Looking ahead, the Bank remains firmly committed to further strengthening our balance sheet, capital (CAR), liquidity and controls while accelerating its digital agenda, deepening sustainable finance, and reinforcing governance standards to deliver long-term value creation and sustained, inclusive growth throughout the year.”Resilient Financial PerformanceIn 1Q 2026, Net Interest Income (NII) stood at Rs. 52.9 billion, supported by effective asset-liability management and optimized funding strategies amid a gradually stabilizing interest rate environment. Interest income rose moderately by 3% YOY to Rs. 125.2 billion, reflecting the Bank’s strategic agility and sound fund management, enabling it to deliver strong performance despite the prevailing low interest rate regime.Strengthening the Bank’s revenue base further, net fee and commission income grew by an impressive...
Bank of Ceylon Records Rs 28.8 billion Profit Before Tax (PBT) for 1Q ...
Income tax expenses for the period amounted to Rs 10.0 billion, resulting in a Profit After Tax (PAT) of Rs 18.8 billion. Total tax contributions to the Government stood at Rs 17.5 billion, highlighting the Bank's significant contribution to national revenue as a state-owned financial institution.
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