BankCom re-fleets its ATM network with advanced security and user-friendly features

San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) announced the deployment of new automated teller machines (ATMs) offering advanced security features and a user-friendly touch screen interface that aim to provide an enhanced banking experience that matches the evolving needs of its valued clients.

The ATM re-fleeting project is one of the priority items under the Bank’s 5-year IT investment and digitalization program. Almost 300 combined ATMs and cash recycling machines (CRMs) are to be installed within the Bank’s branches and strategic off-site locations.

The new ATMs supplied by NCR Corporation, 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. Moreover, 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.



BankCom President and CEO, Michelangelo R. Aguilar, expressed his enthusiasm regarding the Bank's latest initiative.

"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 our customers' expectations and enhance their overall banking experience,” Aguilar said.

SMC Vice Chairman, President and Chief Executive Officer Ramon S. Ang cited 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.”

“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 said.

BankCom 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 2019 full year pre-pandemic performance. This remarkable accomplishment was on the back of expansion in its loan portfolio, higher margin and growing fee income due to factors such as the surge in remittance transactions.

About BankCom

BankCom is a publicly listed universal bank, licensed by the 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.

The Bank has a network of 140 branches and 260 automated teller machines (ATMs) as of March 31, 2023, strategically located nationwide.

As one of the country’s growing banks, BankCom will now be able to provide a wider range of products and services essential to individual Filipinos, corporations and small- and medium-scale enterprises (SMEs), particularly those expanding as the economy recovers from the pandemic.