A new report shows that the installed base of ATMs in Central and Eastern Europe grew more than 30% last year. Over 3.7 billion cash withdrawals were made at 119,638 CEE ATMs in 2007, although average usage fell to 2,581 cash withdrawals per terminal per month as the increase in the number of installations continues to have a diluting effect on transaction volumes. According to Retail Banking Research’s latest annual survey, high numbers of new machines in Russia, the Ukraine and Kazakhstan, in addition to surprisingly rapid growth in Poland and Serbia, made for a bumper year in the region. The new RBR survey shows that intensive card issuing activity, economic upturn and increased foreign investment have combined to drive the region’s deployers, in particular those in Kazakhstan, Russia and the Ukraine, to install large numbers of new ATMs in 2007. The continued expansion of independent ATM deployers (IADs), and the threat of new ones have also brought about a rise in the number of new installations in some countries, most noticeably in Poland and Serbia. Moreover, IAD ATMs were installed in Serbia and the Ukraine for the first time in 2007.
Source: Retail Banking Research