Bank of China Ltd
Bank of China Ltd Sri Lanka operates as a full commercial bank. It holds a license from the Central Bank of Sri Lanka. The bank offers on-shore and cross-border banking products. These serve Individuals, Corporates, and Investors. Its Colombo Branch is located on York Street in Colombo 1.
The bank features multi-currency capabilities. These include LKR, USD, and RMB. It also provides integrated digital channels. Unique RMB settlement services are a key distinction. Corporate Banking, Treasury, Trade Finance, and e-Channels are fully operational.
Personal Banking
The BOC Multi-Currency Savings Account supports LKR, USD, and RMB. It features auto-sweeps between currencies daily. Tiered interest is calculated daily and credited monthly. BOC Internet Banking uses 256-bit SSL encryption. It requires two-factor authentication via SMS OTP. Real-time FX rates are available for one-click currency exchange.
The BOC Mobile Banking App offers biometric login. It includes in-app secure chat support. Push-notifications are sent for transactions over LKR 50,000. The BOC Visa Debit Card offers dual-currency autopay in LKR and RMB. It uses EMV chip and PIN technology. ATM daily limits are configurable up to LKR 200,000 via the mobile app.
The BOC Mastercard Credit Card has a minimum 5% monthly repayment option. It provides a 50-day interest-free period. Global acceptance is available through the Mastercard network. BOC Personal Time Deposit offers fixed rates. It supports LKR, USD, and RMB for up to 12-month tenors. An early withdrawal penalty is 0.5% below the contracted rate.
BOC Personal Loan has a floating rate. This links to SLIBOR + 2.5% margin. The loan-to-value is max 70% of pledged securities. BOC Home Loan uses an LKR mortgage. It applies a base rate + 1.75% margin. Amortization is up to 25 years. Automatic rate reset occurs on SLIBOR revision. BOC Overseas Student Account allows pre-activation in Sri Lanka. It issues a multi-currency debit card pre-departure. Waived ATM fees apply at partner campuses abroad.
Corporate Banking & Trade Finance
BOC Corporate Savings Account accepts LKR, USD, and RMB deposits. It has no minimum balance. A monthly service fee is waived above LKR 5 million. BOC Corporate Current Account offers unlimited intra-bank RTGS/SLIPS credits/debits. It supports direct debit mandates. Real-time SWIFT gpi tracking is included. BOC Corporate Time Deposit offers tenors from 1 week to 1 year. Auto-renewal is configurable daily or at tenor-end. Day count conventions ACT/365 or ACT/360 are selectable.
BOC Global Credit Line is a revolving facility. It provides up to USD 5 million for trade finance. Interest resets monthly at 1-month LIBOR + 1.2%. BOC Working Capital Loan has an overdraft limit up to 80% of receivables. This is under supply chain finance. Real-time collateral management is via Online Banking. BOC Fixed Asset Loan has a tenor up to 7 years. It uses an LKR base rate + 1.8% margin. Asset pledge is via electronic registry integration.
BOC Trade Finance Services include L/C Issuance, Advising, and Confirmation. Negotiation is under UCP 600. Export Bill Discount and Import Bill Advance go up to 180 days tenor. BOC Outward Collection handles documentary and clean collections. These use SWIFT MT-700/750. Automated presentation to drawee banks is via BOC's internal portal.
Treasury, Investment & Specialized Services
BOC FX Spot & Forward provides online streaming of rates. Dealing is available 24x5. Forward outrights go up to 12-month tenor. Flexible settlement instructions are supported. BOC Cross-Currency Swap has customizable tenors from 1 to 60 months. Reset is on LIBOR or SLIBOR. Delivery is via electronic confirmation (eCM). The BOC RMB Global Account allows onshore and offshore RMB pooling. Real-time inter-entity sweeping is featured. It links directly to the Peoples Bank of China clearing platform.
BOC Personal Wealth Management Account offers access to structured RMB and USD products. Principal protected options are available. An auto-redeem feature on maturity links to savings accounts. BOC Mutual Fund Distribution provides online subscription and redemption. NAV is updated daily. Access to Chinese domestic mutual funds is via QFII channels. BOC Global Securities Trading is an integrated platform. It supports HK, US, and China A-shares. DMA connectivity and real-time market data are available. API trading is for institutions. BOC USD Bond Issuance handles private placement of USD-denominated corporate bonds. It uses a book-built process. Settlement is via Euroclear/CTC channels.
BOC e-Sweep performs automated end-of-day fund sweeping. This is between LKR, USD, and RMB accounts. BOC Cross-Border e-Remit offers real-time retail remittance. It uses the mobile app into the China UnionPay network. The daily limit is RMB 50,000. BOC Trade Portal is a web-based workflow. It covers L/C, collections, and guarantees. A one-click documentary compliance check is included.