The Central Bank of Sri Lanka (CBSL) has granted approval for Y.A. Jayathilaka to perform executive functions as the General Manager and Chief Executive Officer of the Bank of Ceylon (BOC) with effect from 27 February 2026.

The state-owned bank announced that Jayathilaka had been serving as Acting GM/CEO since 6 August 2025 before receiving formal regulatory approval from the Central Bank.

Jayathilaka brings extensive experience in banking and financial services, having held several senior leadership roles within the institution. Prior to assuming the acting CEO position, he served as Deputy General Manager – Product and Banking Development, where he was responsible for overseeing key strategic initiatives aimed at strengthening the bank’s product portfolio and enhancing customer offerings.

He was appointed to the Corporate Management of the Bank of Ceylon in February 2020 and has since played an important role in driving innovation, product development, and business growth across the organisation.

BOC, one of Sri Lanka’s largest state-owned banks, continues to play a pivotal role in supporting national economic development and financial inclusion.