Bank of Ceylon is planning to open their second overseas branch in India this year. This will be in Bangalore. The Bank also opened a branch in Seychelles last year. In addition to the local presence, the bank maintains an off-shore banking units in Male, London and Chennai.
Senior banker and BOC General Manager, D M Gunasekara said that overseas branches are highly profitable. The Male branch has gave us a Rs. one billion profit while the Chennai branch which was in existent for over 10 years made a profit in the excess of Rs. 500 million.
Locally the bank has a network of 618 branches, and 534 automated teller machines (ATMs).