Bank of Commerce, the financial arm of diversified conglomerate San Miguel Corp., said Wednesday it is re-fleeting its automated teller machines network with advanced security and user-friendly features to provide an enhanced banking experience that matches the evolving needs of its valued clients.
The bank said in a disclosure to the stock exchange the ATM re-fleeting project is one of the priority items under its five-year IT investment and digitalization program.
Almost 300 combined ATMs and cash recycling machines are to be installed within the bank’s branches and strategic off-site locations.
The new ATMs supplied by NCR Corp., the world’s leading enterprise provider of software, hardware and services for banks and other industries, feature enhanced security measures to protect customer transactions and personal information, thereby providing peace of mind to users.
The user-friendly touch screen interface of the ATMs simplifies the banking process, enabling customers to conveniently perform various transactions such as withdrawals, balance inquiries, fund transfers, among others.
Bank of Commerce president and chief executive Michelangelo Aguilar said the bank is dedicated to delivering world-class services to clients.
“The deployment of these new ATMs in key branches across Metro Manila and soon in various parts of the country reaffirms our commitment to providing convenient and secure banking solutions. We continuously strive to exceed our customers’ expectations and enhance their overall banking experience,” Aguilar said.
SMC vice chairman, president and chief executive officer Ramon Ang underscored the importance of strong partnerships when it comes to IT infrastructure for banking.
“Banking services like other financial enterprises are based on trust. When it comes to fulfilling our primary duty to depositors and investors, having a stable and experienced partner who understands your vision is mission-critical.” Ang said.
Bank of Commerce posted a net profit of P713 million in the first quarter, nearly doubling the P360 million a year ago and higher than the 2019 full-year pre-pandemic performance.
This was driven by the expansion in its loan portfolio, higher margin and growing fee income due to factors such as the surge in remittance transactions.