The Business Revival Division was formed by BOC in 2021 as a special unit which acts as a strategic bridge between the Bank and the customers in order to provide financial customized solutions for potentially viable businesses in a win-win situation for underperforming and non-performing viable businesses.
Key Objectives of the Business Revival Division
- Create a new revival culture to ensure business continuity and aligning businesses on a growth curve with the long-term goal of economic stability.
- Provide all types of financial assistance for under-performing and non-performing corporate entities.
- Establish proper mechanisms to revive, monitor and control the Bank’s under-performing customers through refinancing facilities on a need basis.
- Focus on recapitalising export-related businesses with the aim of supporting to enhancing foreign currency earnings to the country.
- Assist lagging businesses to retain existing employment as well as to create new employment for sustainable growth of the economy.
Business Revival Process Expansion - Regional Level
Fourteen (14) Business Revival Units had been established at Regional Loan Centres covering all 11 provinces to revive and monitor under-performing and non-performing customers with the assistance of a centralised Business Revival Unit. At present, the Bank engages with multiple businesses in sectors including agriculture, construction, trading, textile, rice milling, manufacturing and production industries.
