The 2024 annual reports of the Bank of Ceylon (BOC) and the National Savings Bank (NSB) were officially presented to President and Minister of Finance, Mr. Anura Kumara Dissanayake, at the Presidential Secretariat today (22).
The Chairman of the Bank of Ceylon, Mr. Kavinda de Zoysa, and the Chairman of the National Savings Bank, Dr. Harsha Cabraal, handed over the respective reports to the President during the formal ceremony.
Mr. Kavinda de Zoysa announced that the Bank of Ceylon recorded a pre-tax profit of Rs. 106 billion in 2024—marking the highest profit ever achieved by any financial institution or bank in Sri Lanka. He emphasized that this remarkable achievement was driven by the bank’s strategic focus on business development and support for small and medium-sized enterprises (SMEs).
Addressing the gathering, Dr. Harsha Cabraal stated that the National Savings Bank had significantly increased its annual profit from Rs. 4.2 billion in 2023 to Rs. 26.4 billion in 2024. He attributed this impressive performance to the prevailing economic stability and sound financial discipline in the country.
Dr. Cabraal further remarked that the NSB’s success stands as a clear example of how public institutions can become profitable through effective management, without imposing any financial burden on the government or the Treasury. He expressed confidence that the NSB is poised to achieve even greater success in 2025.
President Anura Kumara Dissanayake commended both state-owned banks for their impressive achievements within a relatively short period. He noted that the progress made by the BOC and NSB demonstrates how strategic leadership, commitment, and efficient management can enable public institutions to positively contribute to national economic growth.
Both Chairmen also stated that plans are underway to further enhance digital infrastructure and customer services at the Bank of Ceylon and National Savings Bank in 2025.
Presidential Media Division
May 22, 2025
