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RETAIL BANKING | Staff Reporter, China
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GRG Banking seals US$27.9m deal with Bank of China

So far BOC has over 14,000 ATMs made by GRGBanking.

According to a release, 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 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 percent 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 hardware. BOC also purchased software 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 in Shandong. The bank highly recommended GRGBanking for its outstanding performance. So far BOC has over 14,000 ATM made by GRGBanking.

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