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GRG signs ATM deal with Bank of China
September 15, 2008
GUANGZHOU, China —GRG Banking Equipment Co. Ltd. has signed an ATM agreement with Bank of China to provide the bank with cash dispensers and cash recyclers.
According to a news release, the deal is expected to strengthen GRG's ATM presence in China.
The deal included ATM placements in more than 20 Bank of China branches by Aug. 31, 2008. The contract is expected to account for 14 percent of GRG's overall operating revenue by year end.
Bank of China is one of China's four state-owned commercial banks. It ranks 10th among the world's top 1,000 banks, according to The Banker.
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