Cash Drawdown

Apr 21, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said customers withdrew a record 2.05 billion rupees from teller machines on Friday April 11, a new daily high in the run up to a traditional New Year holiday. The number transactions processed was 245,000 lower than a previous record of 325,000 which the bank attributes to higher withdrawal limits offered. A customer can withdraw 40,000 rupees per transaction.

The festival drawdown beat the bank’s previous record of 1.79 billion rupees, set on April 10, 2013, the bank said in a statement.

The average size of the withdrawal had gone up 60 percent to 10,400 rupees from 6,500 rupees a year earlier.

The banks said its 585-terminal automated teller machines make up the largest such network owned by a single bank.

Between 01 and 12 April, the bank had dispensed 15.4 billion rupees from its teller machines.

Jegan Durairatnam, chief operating office said the numbers showed the importance of its network to people in Sri Lanka as well as its capacity and reliability.