How many branches does BOC have?
How many branches does BOC have?
As Bankers to the Nation, BOC reached out to all citizens of the country through its largest network of over 2000 touch points with over 645 branches connected online.
What is micro financing in Sri Lanka?
Microfinance is defined as “provision of financial services to low income people” by the Consultative Group to Assist the Poor (CGAP). It brings credit, savings and other essential financial services to people who are too poor to be served by regular banks, mainly because they are unable to offer sufficient collateral.
How many licensed commercial banks are there in Sri Lanka?
26 licensed commercial banks
Currently, Sri Lanka has six licensed specialized banks and 26 licensed commercial banks. Two of the licensed specialized banks are savings banks, while two are housing banks and the other two are development banks.
Is Bank of Ceylon a government bank?
Bank of Ceylon (BOC; Sinhala: ලංකා බැංකුව Lanka Bænkuwa|Tamil: இலங்கை வங்கி Ilangai Vangi) is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo.
How many branches does Peoples bank have?
741 branches
People’s Bank (Sri Lanka)
| People’s Bank logo since 2017 | |
|---|---|
| Type | Government-owned corporation |
| Founded | 1961 |
| Headquarters | No. 75, Sir Chittampalam A. Gardiner Mawatha, Colombo, Sri Lanka |
| Number of locations | 741 branches (2020) |
How many microfinance companies are there in Sri Lanka?
As at 30 June 2021
| No | Name and Address |
|---|---|
| 1. | Berendina Micro Investments Company Limited 44/3, 3rd Floor Narahenpita Road Nawala |
| 2. | Lak Jaya Micro Finance Limited 386 B/1/1, First Floor High-level Road Pannipitiya |
| 3. | Dumbara Micro Credit Limited 47, Negombo Road Mirigama |
What is micro credit finance?
Microcredit is an extremely small loan given to those who lack a steady source of income, collateral. Microcredit is also part of microfinance, a line of finance that aims to help people of a lower socioeconomic background through catered financial services, which include savings accounts.
