ComBank’s ATMs dispense Rs 25.3 bn in December

The Automated Teller Machines (ATMs) of the Commercial Bank of Ceylon dispensed a mammoth Rs 25.3 billion in December 2012, establishing an all-time high for cash dispensed in a single month.

The Bank’s 555 plus ATMs processed a record 5.57 million transactions between December 1 to 31 , and issued more than a billion rupees in a day five times during the month, on December, 10, 21, 24, 28 and 31.

In the week preceding Christmas day, the Commercial Bank ATM network, which is the single largest automated cash dispensing system owned by a bank in Sri Lanka, dispensed Rs 6.56 billion as preparations for the festivities reached a peak.

The cumulative value of cash withdrawn in December 2012 beat the previous record set in April 2012 by 10 %, the bank said.The highest number of transactions processed on a single day during the month was 274,000, on December 31.“Once again, our ATM network has played an indispensable role in enhancing convenience for hundreds of thousands of Sri Lankans during one of the busiest periods of the year,” Commercial Bank’s Assistant General Manager - Operations Palitha Perera said. “He said the record statistics also underline the robustness, capacity and reliability of the bank’s ATM network and are a strong case for continued investment in expanding delivery channels to support the needs of customers country-wide.

Holders of Commercial Bank’s standard ATM cum Shopping Debit Cards can withdraw up to Rs 40,000 from the bank’s ATMs per withdrawal. The bank also offers customers the option of setting their own ATM withdrawal limits up to a maximum of Rs 100,000 a day, and a point-of-sale limit of up to Rs 500,000.