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Wednesday, January 30, 2008

 

Metrobank posts growth in ATM transactions

 
METROPOLITAN Bank and Trust Co. announced on Tuesday that the use of its automated teller machines (ATM) grew last year, pushing transactions to exceed the P100-million mark.

The bank said ATM transactions include Metrobank clients who use any of the switches of Bancnet, Megalink or Expressnet. The country’s largest lender by assets also reported an increase in the use of its ATM facility by non-Metrobank card holders. Such transactions pushed the number by another 1.4 million to over 20 million last year. Metrobank has a network of 736 ATMs all over the country and accounts for 29.4 percent of Bancnet ATMs deployed.

In addition, Metrobank said its service availability last year averaged 99 percent—the highest among the Bancnet members—for its Metrobankdirect, Internet banking facility for retail and corporate clients and its ATM facilities—allowing clients to have complete access to their accounts. This also meant that scheduled downtimes for upgrading of the system were minimal.

“Reliability is a very critical aspect of our electronic banking business. We are encouraged by the positive response of clients in terms of the growing number of enrollees and transactions for these services. This high level of availability even for a bank our size has made Metrobank ATMs sought after by card users, as we experienced during the recent Christmas season,” Dennis Suico, Metrobank operations group chief, said in a statement.

The lender’s Metrophone facility or phone banking also registered over 150,000 in enrolled accounts while transactions reached over 4 million last year.
-- Likha C. Cuevas-Miel

  
 

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