The state and private sector banking giants, Bank of Ceylon and Sampath Bank, yesterday signed a landmark agreement in local banking history to provide wider services to its ATM (Automated Teller Machine) users.

The new extended BOC - Sampath ATM network comprises over 200 Automated Teller Machines and will be expanded with both banks planning to add at least 75 more ATMs to the network during this year.

BOC and Sampath customers would be able to access their primary savings and current accounts through each other's Automated Teller Machines.

Cash withdrawals and balance inquiry functions would be available for their Accounts through this network. This service will be available 24 hours, 365 days of the year" quoted Mr. S.N.P. Palihena, General Manager - BOC.

"The state of the art technology of Sampath would blend with Bank of Ceylon's large branch network to ensure an improved service to customers of both banks.

This joined Automated Teller Machine network has been co-branded as LEAP - "Lanka Electronic Access Point" and the customers would be able to access their accounts through any Automated Teller Machine which carries "LEAP" logo, said Sampath Bank Managing Director Anil Amrasuriya addressing the launch.

According to financial services industry sources, this agreement has allowed Automated Teller Machine cardholders of Bank of Ceylon and Sampath to use over 200 ATMs for their day-to-day transactions.

It is also reported that around 30,000 transactions on average are done through Samapth ATMs daily and the tie-up would also increase the availability of ATMs for the customers.

The prominent information technology leader in the local financial services industry, Sampath Bank has a strong established presence in the Sri Lankan market while Bank of Ceylon provides a wider service through its branches located through out the country.

Through Sampath Bank's extensive real time on-line branch network Bank of Ceylon customers will also enjoy a host of Automated Teller Machine services tended by Sampath Bank.