GRG Banking Equipment recently signed a contract worth around US$ 34.6 million (CNY230million) with Bank of China to supply ATM equipment, install software and provide related services such as training to the bank. This is the second major contract that GRG Banking acquired from BOC this year. The two company signed a contract valued at around US$58.57million (CNY400 million) earlier this year. In combination with the recently signed contract, the confirmed total revenue from BOC in 2010 should be US$93.17 million (CNY 630 million), a 54% increase compared to last year. At present, GRGBanking is the largest ATM provider of BOC.
Bank of China is one of four largest state-owned banks in the Peoples Republic of China, and ranks 11th in the Banker's Top 1000 World banks ranking 2009.
As the first ATM provider in China, with 11 years of innovation, today, GRG has become one of the largest banking self-service solution providers in the world.