GRG Banking Equipment Co., Ltd has signed a deal with BRAC Bank located in Bangladesh, through its local partner International Acumen (IA) to supply 100 new ATMs. IA has been GRG’s partner in that region since 2002, providing GRG with a strategic presence in Bangladesh market. As one of Bangladeshi fastest growing commercial Banks, BRAC Bank purchased the ATMs to help support its strategic self-service network expansion effort.
The F16 lobby cash dispenser, one of GRG's most compact ATMs, is expected to help BRAC Bank expand its ATM network across the country as well as improve branch efficiency. The ATMs include such security features as transaction image capture, keyboard and LCD display, as well as electronic access control to open the upper cabinet door of the ATMs.
"The deal with BRAC Bank marks the latest in a number of recent deals for GRG in Bangladesh, and expands our market share in Bangladeshi market," said Andrew Wu, GRG's manager for Overseas Market, “ By offering these 100 units, GRG ranks No. 2 in Bangladeshi market among its 600 ATMs totally across the country.”
About BRAC Bank:
After this purchase, BRAC Bank has No. 2 biggest ATM fleet in Bangladesh, totally 181 units ATM, of which 141 units from GRG. BRAC Bank offers services to thousands of Small and Medium Enterprise Business through 35 branches, which will be 56 branches together by the end of this year. For more information, visit the company's Web site at http://www.bracbank.com/