📈 Bank of Ceylon (BOC) Records Strong 1Q 2026 Growth

State banking giant Bank of Ceylon kicked off 2026 with robust financial results, driven by digital adoption and disciplined risk management despite global economic headwinds. • Overall Financials: • Profit Before Tax (PBT): Rs. 28.8 Bn • Profit After Tax (PAT): Rs. 18.8 Bn • Total Assets: Rs. 5.5 T (+1% vs. end-2025) • Return on Equity (ROE): 20.07% • Revenue & Operations: • Net Interest Income (NII): Rs. 52.9 Bn • Net Fee & Commission Income: Rs. 6.3 Bn (Up 22% YoY) • Total Operating Income: Rs. 61.5 Bn (Up 8% YoY) • Total Government Taxes: Rs. 17.5 Bn paid in 1Q. • Lending & Stability: • Gross Loans & Advances: Rs. 2.7 T • Total Deposits: Rs. 4.5 T • Stage 3 Loan Ratio: 5.46% • Capital Adequacy: Total CAR at 17.31%, well above regulatory limits. • Sector Focus: The bank intensified support for the agriculture sector via the new "BOC Agri Banking Unit" to empower rural entrepreneurs. Growth in the ICT/BPM and retail sectors was evidenced by a surge in digital transaction volumes and card services. • Risk Outlook: Impairment charges rose to Rs. 7.9 Bn (from Rs. 2.9 Bn YoY) as the bank adopted a cautious, forward-looking stance on credit exposure amid Middle East geopolitical tensions.