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| Wednesday, 19 January 2005 |
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BoC goes for new recruitment, modern technology by Ramani Kangaraarachchi The Bank of Ceylon (BoC) is planning to recruit new staff and to increase the use of modern technology anticipating the retirement of a large number of experienced staff who are nearing retirement age. The average age limit of the existing staff of the BoC at present is 45 years and several experienced staff is expected to retire within the next few years. "The bank has already started to train the existing staff coupled with advanced IT facilities to face this challenge," Deputy General Manager M.T. Perera told the Daily News yesterday. He said the BoC branch network will be refurbished and modified with extensive use of IT facilities to increase productivity. "Streamlining the functions of the branches has already commenced. All the bank counters will be upgraded and customers will be able to operate their accounts from any branch in the country once the FISERVE System is completed. The image clearing system for clearing cheques will commence from February 1," Perera said. He also said that the BoC will not deviate from the original plan due to the damage caused by the tsunami. He hoped that the estimated Rs. 6 billion profit margin for 2004 to 2006 will almost be the same. The Bank will also introduce new short term loan schemes from 3 to 12 months specially designed for the Small and Medium scale entrepreneurs involved in agriculture, farming and fishing industries. "However, entrepreneurs affected by the tsunami will have a separate scheme re-financed by the Central Bank. The bank has employed different teams strategically to attend to the needs of their customers in areas affected by the disaster," Perera said. The bank will open its 301st branch in Dehiwala shortly. |
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