BOC launches online loan application service for SMEs

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BOC, Sri Lanka’s largest state-owned commercial bank, recently entered another new customer-centric feature by unveiling the official “SME Online” loan application process. The inauguration took place recently at the BOC television premises under the patronage of the Bank’s Managing Director, Mr. KED Sumanasiri. Deputy Managing Director (Sales and Channel Management) Mr. Priyal Silva, Marketing Director Mr. Sameera Liyanage, AGA (Development Bank) Mr. DASS Wimalasiri, AGM Province Sales Management Ms. Udaya Kumari, AGA (Marketing) Mr. AT Hettiarachchi, and officials from the Development Banking Division participated in the launch.

The Bank of Ceylan in its quest to improve the facilities and opportunities available to Sri Lankan Small and Medium Entrepreneurs (SMEs) by providing modern digital banking facilities. In recent times, the world has seen virtual transactions gain momentum, especially after the Covid-19 period. The Bank, while keeping intact its client orientation, launched this processing of SME loan application online without neglecting the SME sector of the country in this period of pandemic.

This SMB online service can be obtained simply by logging into the BOC website and filling out the simple request form in the client’s preferred language. (Sinhala, Tamil, English) which could be done even using a cell phone.

The completed application will reach the Development Banking Services Division of BOC and after the initial processing process, the application will be forwarded to the respective area managers and then to the relevant branch through an online process for final execution and processing. completion. The process will take the minimum possible time depending on the availability of the minimum required documents.

With a range of loan programs to meet the different requirements of SMEs, the bank wishes to respond with a futuristic vision to enhance the contribution of sectors such as agriculture, fisheries, dairy production and manufacturing to the national economy.


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