News

DE LA RUE IMPLEMENTS FIRST KIOSK BANK IN ASIA

October 7, 2002

De La Rue Cash Systems has today announcedits partnership with Da Lian Commercial Bank, China, to implement the first ever kiosk bank in Asia. De La Rue will provide the Bank with their teller automation solutions and is expecting to have 3 fully operational trial sites by the end of 2002, within the Hua Chang branch network of the Bank.

Da Lian Commercial Bank chose De La Rue as its partner for this project after conducting comprehensive research into branch automation solutions, including several sites visits, over a period of 6 months.

The Bank says that by investing in De La Rue 's Teller Cash Dispensing (TCD) technology, it can bring a friendly, welcoming and modern image to their network of branches. As well as enhancing the efficiency of their branches, one of the most important benefits to the bank is that the TCD's will now be responsible for dispensing cash to customers, therefore enabling tellers to spend more time with customers and promoting their other banking services, which in return will increase profits for the Bank.

As Mr. Liu Guo Kun, General Manager of the Da Lian Commercial Bank, Hua Chang branch said: "We have to follow the developments in the banking world. TCD technology is now widely used in US and Europe; and China will follow this trend eventually. We need to be well prepared to face the challenges of competition from foreign banks, with China now part of the World Trade Organisation."

Victor Ho, Marketing Director of De La Rue's operations in Asia Pacific added: "With the proliferation of new channels in the banking industry, many of our customers are now looking for ways in which they can differentiate themselves. The need to build loyalty and strong relationships with customers in the face of new competition has never been greater. Our range of teller automation solutions are helping many banks worldwide achieve this goal."

~Ends~

Editors notes:

The De La Rue Group

De La Rue is the world's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as travellers' cheques and vouchers. Employing over 7,000 people in 31 countries, the company is also a leading provider of cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. Applying our core brand values of security, integrity and trust, De La Rue is at the centre of some of the most innovative and exciting developments in the secure products and services market. We are pioneering new technologies including tailored solutions to protect the world's brands, through to government identity solutions in secure passports and identity cards.

De La Rue Cash Systems