Commercial Bank of Ceylon’s automated cash distribution network, which includes automated teller machines and cash machines (CRMs), distributed 91.872 billion rupees in December, as Sri Lankans celebrated the holiday season and were preparing for 2022.
On December 31, the network distributed 4.234 billion rupees, a single-day figure surpassed only by disbursements on April 9 and 10, 2021, Sri Lanka’s private sector benchmark bank reported. For 16 days in December, the network distributed over 3 billion rupees per day, with the highest daily disbursements recorded on December 31, December 10 and December 24.
Demonstrating emphatically 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 distributed a total of Rs 848.427 billion in 2021 to a monthly average of 70.7 million rupees, the bank said. .
Comprised of 625 ATMs and 275 CRMs, the Commercial Bank’s automated cash distribution network processed 5.3 million transactions in December 2021 at an average of 170,933 transactions per day, or 7,122 transactions per hour. As of December 24, the number of transactions processed stood at 241,427, the highest single-day figure for 2021.
Commercial Bank is Sri Lankan’s first 100% carbon neutral bank, the first Sri Lankan bank to be among the world’s top 1000 banks, and the only Sri Lankan bank to be listed for 11 consecutive years. The Bank operates a network of 268 branches in Sri Lanka and its ATM / CRM network is the largest automated cash distribution system owned by a single private bank in the country. Commercial Bank is Sri Lanka’s largest SME sector lender and a leader in digital innovation in the country’s banking sector. The Bank’s overseas operations include Bangladesh, where the Bank operates 19 outlets; Myanmar, where he has a microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I bank with majority ownership.
Commercial bank of Ceylon plc published this content on 05 January 2022 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 05 January 2022 09:37:05 UTC.