Bank of China awards GRG US$27.9m ATM contracts

Bank of China (BOC), one of four state-owned banks in the PeoplesRepublicofChina, has awarded GRG Banking Equipment Co. Ltd. two multi-million dollar contracts to supply ATM equipment and installs software to manage ATM. The total contract amount is 27.9 million US Dollar (180 million CNY), about 9 percents of the revenue of the company’s last fiscal year.

Similar to previous orders, the main types of ATM for that contract are cash dispenser and cash recycler. Besides ATM hardwares. BOC also purchased softwares from GRGBanking, like FEEL View ATM monitoring system, SECOne Security Software and F@st Liquid Data Cash Reconciliation Solution.

Having a long-time co-operation with Bank of China, GRGBanking still makes great efforts to ensure the high quality of the ATM, software and service. September 2010, GRGBanking had its ATM 100% passed on IT blueprint test of BOC inShandong. The bank highly recommended GRGBanking for its outstanding performance. So far BOC has over 14,000 ATM made by GRGBanking.

Bank of China is one of the four largest commercial banks inChina, with over 11,000 branches and outlets, 580 self-service centers and 11,600 automated service machines throughout the country. The bank has successfully implemented international network covering Hong Kong,Macauand 29 overseas countries.