In today's fast-paced and ever-evolving world, banking has become an essential part of our lives. As customers, we seek convenience, security, and a seamless experience when it comes to managing our finances. San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) understands these needs and has taken a significant step forward in providing an elevated banking experience for its valued clients.
A Legacy of Trust and Innovation
BankCom, formerly known as Overseas Bank of Manila, has been a trusted name in the Philippine banking sector since its establishment in 1963. Over the years, it has continuously evolved to meet the changing demands of its customers. In 2008, BankCom became an affiliate of San Miguel Corporation, one of the largest and most diversified conglomerates in the Philippines, which brought a fresh perspective and growth opportunities for the bank.
With a universal banking license from the BSP and a wide range of products and services, including deposits, loans, credit cards, and more, BankCom serves both individual and corporate clients with utmost dedication. The bank has always aimed to exceed customer expectations and provide world-class services.
The Vision of Tomorrow: ATM Re-fleeting Project
In line with its commitment to delivering an exceptional banking experience, BankCom has announced its Bank's 5-year IT investment and digitalization program. A key component of this program is the ATM re-fleeting project, which involves the installation of 300 combined automated teller machines (ATMs) and cash recycling machines (CRMs) within the Bank's branches and strategic off-site locations.
These new ATMs are supplied by NCR Corporation, a leading enterprise provider of software, hardware, and services for banks and other industries. The state-of-the-art ATMs feature enhanced security measures to safeguard customer transactions and personal information, providing peace of mind to the users. Additionally, the user-friendly touch screen interface streamlines the banking process, enabling customers to conveniently perform various transactions such as withdrawals, balance inquiries, and fund transfers, among others.
A Commitment to Excellence
Michelangelo R. Aguilar, President, and CEO of BankCom, expressed his enthusiasm about the deployment of these new ATMs. "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."
Ramon S. Ang, SMC Vice Chairman, President, and CEO, emphasized 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."
A Milestone of Success
BankCom recently achieved a significant milestone as its first-quarter profit increased to ₽713 million, nearly doubling the prior year's P360 million and surpassing its 2019 full-year pre-pandemic performance. This remarkable accomplishment can be attributed to the bank's expansion in its loan portfolio, higher margin, and growing fee income, driven by factors such as the surge in remittance transactions.
Experience the Future of Banking with BankCom
BankCom invites its valued clients to experience the cutting-edge technology and exceptional convenience offered by these new ATMs. Whether you are managing your finances or conducting transactions, you can now enjoy a seamless banking experience with BankCom's latest innovative ATMs.
For any inquiries or assistance, you may contact Bank of Commerce customer service via email at customerservice@bankcom.co.ph or call their hotline at (02) 8-632-BANK (2265). Domestic toll-free numbers are also available at 1800-10-982-6000 (PLDT) and 1800-8-982-6000 (Globe).
BankCom's commitment to providing "peace of mind" banking experience through cutting-edge technology and personalized services reflects its dedication to earning and maintaining the trust of its customers. With its vision set on the future, BankCom is poised to continue serving the needs of its clients and contributing to the growth and development of the Philippine banking industry.
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