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GRGBanking Equipment (HK) Co. Ltd. leases ATMs to a bank
August 30, 2010 - Frederick Lowe
GRGBanking Equipment (HK) Co. Ltd. has announced that it signed a five-year agreement to supply 1,000 ATMs to an unnamed bank in the Middle East.
The bank will lease the ATMs from a local partner of GRGBanking Equipment, said company officials. The machines are the H38N and H38NL. Both machines are full-function ATMs in which cardholders can withdraw cash and use envelopes to deposit cash and checks. The H38NL provides check scanning and other value-added services.
The unnamed bank has 4,000 ATMs and 3,300 branches. Prior to today’s announcement, approximately 4,000 GRGBanking Equipment Co., Ltd. ATMs had been installed in the Middle East.
"This order reinforces the fact that the products of GRGB have been well appreciated by the customers while indicating that GRGBanking Equipment Co. Ltd. continues to maintain its leadership position in the Middle East," company officials said.
GRGBanking Equipment (HK) Co., Ltd. is the newest subsidiary of GRGBanking Equipment Co., Ltd., which is based in Guangzhou, China.
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