GRG Banking Got Purchase Order from Bank of China, the official Partner of Olympics 2008. On Aug.16th, GRG Banking signed a contract with Bank of China for supplying ATM equipments and operating systems which value US$ 16 millions, declared by GRG Banking at a news release recently. And from the date of contract signed, all the ATM equipments have been delivered to designated Bank of China branches within 45 days; then all the software system operating has been tested in every branch by GRG engineers within 45 days after the equipments arrived. This contract makes this company’s 2007 sales volume a new level, declared by the Financial Marketing Dept. of GRG Banking. And for GRG Banking, this purchase order is the biggest one after its IPO (Aug13th, 2007) in SZSE, China, so it is called by GRG people the significant milestone in its history.
Bank of China, one of the biggest Chinese state-owned commercial banks, has just been listed at the ninth place among the “2007 Top 1000 World Banks Ranking Table” by the famous British Magazine, The Banker, according to its core capital. As the earliest-internationalized bank, and the best foreign-exchange-dealing bank in China Mainland, Bank of China is the sole bank partner of Olympics 2008, which was declared by the Olympics Games Committee in Beijing on July 14th, 2004.
The cooperation with Bank of China this time, is a stunning forward step by GRG people, which was commented by Mark Yip, General Manager of GRG Banking.