ComBank commissions 250th CRM

CEYLON TODAY | Published: 2:00 AM Jan 18 2021
FT ComBank commissions 250th CRM

The Commercial Bank of Ceylon installed its 250th Cash Recycler Machine (CRM) at its Peliyagoda Branch, at the end of December, ending 2020 with 905 automated machines.

This was the 50th CRM installation in 2020 alone, the Bank said. The Bank now operates 635 stand-alone ATMs and 250 CRMs that allow both withdrawal and deposit of cash, and 20 Automated Cheque Deposit Machines (ACDMs) around the country. 

With these ATM/CRM machines, the Commercial Bank has been dispensing an average of more than two billion rupees in cash a day, adding up to more than Rs 62.4 billion a month in the concluded year, the Bank said. 

About a fifth of Commercial Bank’s ATM network is located outside the precincts of its branches, with terminals installed in places such as industrial zones, railway stations, central bus stands, apartment complexes, shopping malls and large-scale factories, enhancing access for customers and non-customers alike. 

CEYLON TODAY | Published: 2:00 AM Jan 18 2021

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