Bangladesh Bank Plans Major 2010 ATM-Deployment Drive

Islami Bank Bangladesh Ltd. has launched what it says is a major ATM-deployment initiative in Bangladesh, a spokesperson for the financial institution says. The effort involves the deployment of 100 ATMs, including one machine installed this week in Dhaka, the country’s capital, the spokesperson says, who declined to name who manufactured the ATMs. The bank provides cash-withdrawal services to customers through a network of 34 ATMs shared with six other financial institutions, the spokesperson says. “Even after we set up our own ATMs, our customers will still be able to use the shared ATMs, the number of which we are looking to increase,” says the spokesperson. “In addition, we are going to be connected to the international Visa network soon.” The bank plans to complete the deployments by next December, the spokesperson says.