ComBank ATMs set new record

A new record was set for cash dispensed in a single day when users of the Commercial Bank's ATM network withdrew Rs 2.05 billion on Friday, April 11, beating the Bank's own record set a year ago, by Rs 263 million.

The new one-day record was the peak of a record breaking 12-day period for the bank. Its 585-terminal ATM network dispensed Rs 15.438 billion from April 1-12, as the country prepared to celebrate the Sinhala and Hindu New Year.

The value of cash dispensed on April 10 and 11 was Rs 4.023 billion, the highest ever dispensed by the Bank over two days.

The previous record for the highest value dispensed in a single day was Rs 1.79 billion, set on April 10, 2013. The Bank reported that the average ticket size of a withdrawal on April 10 was Rs 10,400, as against Rs 6,500 on the same day last year, an increase of 60%.

The number of transactions processed by the network on April 11 was 245,000, the highest number in a day for this season. This was lower than the Bank's single-day record of 325,000 and was attributable to the higher daily withdrawal limits offered to Cardholders, Bank sources said.

During the weekend of April 12-15, Commercial Bank's ATMs dispensed Rs 2.922 billion, which is also the highest value the Bank has ever dispensed during a weekend.

The previous highest value for a weekend was during the weekend of March 29-31 where the value dispensed was Rs 2.278 billion.

"What these figures reiterate is the invaluable role the Commercial Bank plays in the day-to-day lives of millions of people all over Sri Lanka," said the Bank's Chief Operating Officer, Jegan Durairatnam.

"They also underline the value of the technology and capacity, robustness and reliability of the our ATM network, factors that assume greater importance during peak shopping seasons such as the Sinhala and Hindu New Year and Christmas," he said.