News

GRGBanking subsidiary signs ATM-outsourcing agreement

May 16, 2011

GRG Suitong Banking Service Co., Ltd., a subsidiary of GRGBanking, has signed an ATM-management services agreement with Citibank China.

According to the contract, which was signed April 26, GRG Suitong Banking will provide cash-management services for Citibank’s Guangzhou, China, ATM network. The agreement includes first-line maintenance, cash replenishment, cash sorting and other value-added management services.

“It is win-win cooperation. On one hand, it is a testament of our expertise to be a partner of such a leading international bank,” said Zhenguang Chen, general manager of GRG Suitong Banking Service. “One the other hand, we are also confident that Citibank (China) will benefit from our proven outsourcing solutions.”

Citibank, which is headquartered in New York City, is one of the first international banks to  incorporate locally in China. Citibank opened its first office in 1902 in Shanghai. The financial institution has corporate bank branches in Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu, Hangzhou, Dalian, Chongqing and Guiyang. Citibank also has 31 consumer-branch outlets.

GRGBanking is China’s leading ATM manufacturer. The company is based in Guangzhou, China’s third-largest city.