Almost 300 combined ATMs and cash recycling machines (CRMs) soon to be installed
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), recently announced the deployment of new automated teller machines (ATMs) in its branches and offsite locations offering advanced security features combined with a user-friendly touchscreen interface.
The deployment is part of the bank’s ATM re-fleeting project and is aimed at providing an enhanced banking experience that matches the evolving needs of its valued clients.
In a press statement, BankCom noted that the project is one of the company’s priority items under its 5-year IT investment and digitalization program.
As part of the project, almost 300 combined ATMs and cash recycling machines (CRMs) will soon be installed within the bank’s branches and strategic off-site locations.
Photo shows Michaelangelo R. Aguilar (3rd from left), BankCom’s President and CEO, while shaking hands with NCR’s Marga Estebanlar (4th from left) to formalize the deal. Joining them are other executives of BankCom, namely, Maria Suzanne A. Sison-Sevilla (1st from left), CIO; Antonio S. Laquindanum (2nd from left), Chief Financial Officer; and Joel T. Carranto (rightmost), Branch Banking Group Head.
The new ATMs will be supplied by NCR Corporation, the world’s leading enterprise provider of software, hardware, and services for banks and other industries. It will also feature enhanced security measures to protect customer transactions and personal information, thereby providing peace of mind to users.
Moreover, the user-friendly touchscreen interface of the ATMs simplifies the banking process, enabling customers to conveniently perform various transactions such as withdrawals, balance inquiries, and fund transfers, among others.
Dedicated to delivering world-class services
BankCom President and CEO, Michelangelo R. Aguilar, expressed his enthusiasm regarding the bank’s latest initiative, saying, “At Bank of Commerce, we are dedicated to delivering world-class services to our esteemed 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 customers’ expectations and enhance their overall banking experience.”
“BankCom invites our valued clients to experience the cutting-edge technology and exceptional convenience offered by these new ATMs. Whether it’s managing finances or conducting transactions, you can now enjoy a seamless banking experience with BankCom’s latest innovative ATMs,” Aguilar further stated.
For his part, Ramon S. Ang, the Vice Chairman, President, and Chief Executive Officer of SMC, cited the importance of building solid partnerships when it comes to developing IT infrastructure for banking, saying, “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,” he added.
BankCom had set a milestone early in the year as first-quarter profit increased to ₽713 million, nearly doubling the prior year’s P360M and higher than the 2019 full-year pre-pandemic performance.
This remarkable accomplishment was on the back of expansion in its loan portfolio, higher margins, and growing fee income due to factors such as the surge in remittance transactions.
BankCom is a publicly listed universal bank that’s licensed by the Bangko Sentral ng Pilipinas (BSP). The bank has been operating since 1963 and traces its origins to the Overseas Bank of Manila with headquarters in Binondo, Manila.
In 2008, BankCom became an affiliate of SMC and introduced its new logo bearing the SMC escudo. In December 2020, the Intellectual Property Office (IPO) granted the copyright license for “BankCom” as the bank’s official short name.
As of March 31, 2023, the bank has a network of 140 branches and 260 automated teller machines (ATMs) that are strategically located nationwide.