COMBANK ATMs smash cash dispensing records in pre-Avurudu rush

Wednesday, 18 April 2018 02:15 -     - {{hitsCtrl.values.hits}}

  • Disburse Rs. 27.3 b in 13 days; pass Rs. 3 b on two days

The automated teller machine (ATM) network of Commercial Bank of Ceylon dispensed Rs. 6.179 billion on 10 and 11 April, establishing new records for the highest and second-highest cash disbursements over a 24-hour period as the country’s leading private bank helped Sri Lankans prepare for the Sinhala and Tamil New Year.

These peak disbursements of Rs. 3.166 billion on 10 April and Rs. 3.013 billion on 11 April easily beat the previous single-day record of Rs. 2.79 billion set by the bank on 7 April 2017.

Overall, the Commercial Bank ATM network dispensed Rs. 27.373 billion between 1April and 13 April, at an average of Rs. 2.1 billion per day, reaffirming the essential role it plays in the daily lives of Sri Lankans, as well as the reliability and robustness of the network.

On five of these 13 days, the network dispensed more than Rs. 2.5 billion a day.

Comprising 757 terminals, the network processed 3.899 million transactions over the 13 days at an average of 299,989 transactions a day, while on 10 April, the number of transactions processed totalled 411,578 at an average of 17,149 transactions per hour or 285 transactions per minute.

In December 2017, Commercial Bank’s ATM network dispensed Rs. 50.769 billion in cash over 31 days, while in the first fortnight of April 2017, it dispensed Rs. 23.9 billion.

The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for seven years consecutively, Commercial Bank operates a network of 261 branches and 757 ATMs in Sri Lanka. The bank has won more than 30 international and local awards in 2016 and 2017 and has over the years received multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank and Most Respected Bank from a number of local and international institutions and publications.

Commercial Bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the bank has a fully-fledged Tier I Bank with a majority stake and Italy, where the bank operates its own money transfer service.