ComBank's ATMs break record

The Commercial Bank of Ceylon dispensed Rs 1,790 million (Rs 1.79 billion) on April 10, 2013 through its network of 562 ATM islandwide surpassing the previous record set exactly a year ago, by Rs 136 million.

The number of transactions processed on this day was 325,000, at an average of 225 transactions per minute over a 24-hour period. The previous record was 306,000 transactions on April 10, 2012.

The cumulative value of cash dispensed from April 1-10, 2013 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 transactions processed during this 10-day period this year was 2.170 million, at an average of 217,000 a day.

"The Commercial Bank ATM network plays an invaluable role in the day-to-day lives of millions of people," said Executive Director and Chief Operating Officer, Jegan Durairatnam. "While this is often taken for granted, the true value, capacity, robustness and reliability of the network has been proved during peak shopping seasons such as the Sinhala and Tamil New Year and Christmas."

In December 2012, the ATM network of Commercial Bank dispensed 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 delivery channel.