ComBank’s ATMs dispensed Rs. 91.8 b in Dec., Rs. 848.4 b in 2021

Thursday, 6 January 2022 03:05 - - {{hitsCtrl.values.hits}}

The automated cash dispensing network of the Commercial Bank of Ceylon, which comprises of ATMs and Cash Recycler Machines (CRMs), dispensed a mammoth Rs. 91.872 billion in December, as Sri Lankans celebrated the festive season and prepared for 2022.

On 31 December 2021, the network dispensed Rs. 4.234 billion, a single-day figure surpassed only by the disbursements of 9 and 10 April 2021, Sri Lanka’s benchmark private sector bank reported. On 16 days in December, the network dispensed more than Rs. 3 billion per day, with the highest single-day disbursements recorded on 31 December, 10 December, and 24 December 2021.

Emphatically demonstrating the indispensable role it plays in the lives of Sri Lankans as well as the reliability and robustness of the network, Commercial Bank’s ATMs and CRMs dispensed a total of Rs. 848.427 billion in 2021 at a monthly average of Rs. 70.7 million, the bank said.

Comprising of 625 ATMs and 275 CRMs, the Commercial Bank’s automated cash dispensing network processed 5.3 million transactions in December 2021 at an average of 170,933 transactions per day, or 7,122 transactions per hour. On 24 December 2021, the number of transactions processed totalled 241,427, the highest single-day figure for 2021.

Commercial Bank is Sri Lanka’s first 100% carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1,000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively. The bank operates a network of 268 branches in Sri Lanka, and its ATM/CRM network is the largest automated cash dispensing system owned by a single private bank in the country. Commercial Bank is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s banking sector. The bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the bank has a fully-fledged Tier I Bank with a majority stake.