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Friday, 19 April 2013

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ComBank breaks own record this Avurudu

Records tumbled once again as the Commercial Bank of Ceylon helped Sri Lankans celebrate the Avurudu by dispensing unprecedented values in cash through its island-wide ATM network.

Sri Lanka’s single largest ATM network of 562 terminals released Rs 1,790 million (Rs 1.79 billion) the highest value ever for a single day, surpassing the previous record set exactly a year previously, by Rs 136 million.

The number of transactions processed on this record breaking day was 325,000, at an amazing average of 225 transactions per minute over a 24 hour period. The previous record was 306,000 transactions.

The cumulative value of cash dispensed from April 1-10 was also a record -- Rs 10.6 billion at an average of more than a billion rupees a day, as against Rs 9.2 billion during the corresponding period in 2012. The total number of transactions processed during this 10 day period this year was 2.170 million transactions, at an average of 217,000 a day.

“The Commercial Bank ATM network clearly plays an invaluable role in the day to day lives of millions of people,” said Jegan Durairatnam, the bank’s Executive Director/Chief Operating Officer. “While this is often taken for granted, the true value, capacity, robustness and reliability of the network is proven beyond a doubt during peak shopping seasons such as the Sinhala and Tamil New Year and Christmas.”

In December 2012, the ATM network of Commercial Bank dispensed a mammoth Rs 25.3 billion, establishing a record for cash dispensed in a single month.

Durairatnam said the bank would continue to invest in expanding this indispensable delivery channel to support the needs of customers country-wide. The Commercial Bank ATM network is the largest automated cash dispensing facility owned by a single bank in Sri Lanka.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.

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