Branch network grows to 238 with latest opening at new Gold Centre in Colombo
The milestone 600thautomated teller machine (ATM) of the Commercial Bank in Sri Lanka was ceremonially commissioned by Minister of Fisheries and Aquatic Resources Development Dr RajithaSenaratneand Defence Ministry Secretary MrGotabhayaRajapaksaon Friday 5th September at the new Colombo Gold Centre.
The ATM is located at the Bank’s Gold Centre branch, its 238th branch in Sri Lanka, on theGround Floor of the refurbished complex in the precincts of the former St. John’s Fish Market.
Commercial Bank Managing Director/CEO MrJeganDurairatnam said both the new branch and the ATM would provide an invaluable service to the many gold and jewellery retailerswho open shops at the new Gold Centre, as well to the buyers who visit the complex.
Commercial Bank’s ATM network has set many records for the value of cash dispensed and the number of transactions processed during peak shopping periods in Sri Lanka, and continues to improve on them each year. The latest record for cash dispensed in a single day was set on 11th April 2014, when users of the Bank’s ATM network withdrew Rs 2.05 billion. Between the 1st and 12th of April 2014, the Commercial Bank ATM network, then at 585 terminals, dispensed Rs 15.438 billion.
“The importance of a robust, reliable and well-serviced network of strategically located ATMs needs no better testament than these figures,” Mr Durairatnam said. “Our ATM network plays a huge part in enhancing convenience for millions of people in Sri Lanka. The Bank is therefore fully committed to upgrading and expanding the network in keeping with the evolving needs of the populace.”
Commercial Bank’s 500th ATM was installed at the Maradana Railway Station, and its 400th was at the Bank’s Ruwanwella Branch.
In addition to facilitating withdrawals, the Bank’s ATM machines enable convenient settlement of water and electricity bills, bills of Dialog, Mobitel, Etisalat, Hutch and Lanka Bell networks, and Commercial Bank Credit Card payments 24-hours a day, 365-days of the year. The Bank’s network of teller machines is linked with millions of ATMs across the world.
Commercial Bank ATMs also support the networks of Mastercard, Maestro, Cirrus, Visa, Plus, Amex, Discover and Diner’s Club thus enabling tourists and other visitors to Sri Lanka to withdraw money from their overseas accounts for spending in the country.
Holders of Commercial Bank’s standard ATM cum Shopping Debit Cards can withdraw up to Rs 40,000 from the Bank’s ATMs per day. 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.
The largest private bank in Sri Lanka and the only Sri Lankan Bank to be listed four years consecutively in the world’s Top 1,000 Banks, Commercial Bank was ranked the most valuable private sector brand in the country in 2014. The Bank has won multiple awards as Sri Lanka’s best bank over several years, and was adjudged one of the country’s 10 best corporate citizens by the Ceylon Chamber of Commerce in 2013. In August this year, the Bank was rated the Most Respected Bank in Sri Lanka by LMD for the 10th successive year, was named the second Most Respected Corporate entity in the country overall for the fourth year, and was rated No 1 overall by the magazine for Honesty for the second consecutive year.
Minister of Fisheries and Aquatic Resources Development Dr RajithaSenaratne and Defence Ministry Secretary Mr GotabhayaRajapaksa formally open Commercial Bank's 600th ATM at the Colombo Gold Centre in the presence of the Bank's Deputy Chairman Mr M P Jayawardena, Chief Operating Officer Mr S Renganathan and other senior officials.