Bank of China awards GRG US$66.5m ATM contracts

Bank of China (BOC), one of four state-owned banks in the Peoples Republic of China, has awarded GRG Banking Equipment Co. Ltd. two multi-million dollar contracts on December 7, 2011, on ATM equipment supply and software installation for ATM management.


The total contract amount is 66.5 million US Dollar (420 million CNY), about 20.88 percents of its 2010 operating revenue of the company.


According to GRGBanking, the contract will have a positive impact on its 2011 revenue and profit.


Bank of China had awarded GRGBanking on August 2011 two contracts worth 27.9 million US Dollar (180 million CNY).