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Bank of Ceylon (BOC) was founded in 1939, with Sir Ernest de Silva as its first chairman. At the time, Ceylon was a British colony and the then governor Sir Andrew Caldecott ceremoniously opened the bank on 1 August. The British government introduced the banking arm for its government-oriented businesses.
Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital. [2]
He made many contributions to Ceylonese society and is also considered to be the preeminent philatelist in the history of Ceylon. [3] Upon Ceylon's independence, he was asked to become the first Ceylonese Governor General (representative of the King in Ceylon, i.e. de facto head of state), an honour he declined for personal reasons. [4]
The Bank of Ceylon supported the proliferation of coffee estates, which resulted in infrastructure development within the Kandyan region. [19] During the period of worldwide economic depression in 1846, production declined, conflicts arose, and taxes were levied to compensate the losses to the economy, due to the falling price of coffee.
The Bank of Ceylon was the first private bank to issue banknotes on the island (1844) and Treasury notes were withdrawn in 1856. The Indian rupee was formally established as the unlimited legal tender 18 June 1869. The rupee was decimalized 23 August 1871.
The Board of Commissioners of Currency of Ceylon was the currency board of the British colony of Ceylon which functioned from 1884 to 1950, when its functions were transferred to the Monitory Board of the Central Bank of Ceylon. It was established under the Paper Currency Ordinance of 1884 following the 1884 Ceylonese banking and monetary crisis.
[1] [4] He remained in this post until 1969 during which time the bank grew rapidly. [1] Loganathan was a director of the Development Finance Corporation of Ceylon for two years, an adviser to the Development Bank of Philippines and a consultant to the UN Asian Institute for Economic Development and Planning. [1]
Gate Mudaliyar Jeronis de Soysa (19 April 1797 – 28 May 1862) was a pioneering Ceylonese entrepreneur and philanthropist. He was a pioneer coffee planter and an industrialist who became the wealthiest Ceylonese of the 19th century by establishing the largest native commercial enterprise of the era.