Beijing, Dec. 15 -- Diebold, Incorporated (NYSE: DBD) has been awarded an $11
million contract by International Commercial Bank of China (ICBC) to provide
nearly 450 automated teller machines (ATMs) for ICBC's on-line network of more
than 16 provinces in China.
This represents Diebold's largest contract in China since the company
established its own distribution channel at the beginning of the year. Delivery
and installation of the ATMs is expected to begin in about a month. "We are
very pleased to be awarded the contract by ICBC, and we are committed to
providing our customers with world-class support and service to enable the
delivery of convenient banking services to consumers throughout China,"
said James L.M. Chen, Diebold vice president and managing director,
Asia/Pacific. ICBC has a nationwide network of more than 36,000 branch outlets.
Through this year's expansion, ICBC will exceed its plan to operate an ATM
network of more than 10,000 ATMs at the turn of century. ICBC is the largest
retail commercial bank in China and ranks among the top 10 banks in the world in
terms of assets.
Diebold, Incorporated is a global leader in providing integrated self-
service delivery systems and services. Founded in 1859, Diebold employs more
than 9,000 associates with representation in more than 75 countries worldwide
and headquarters in Canton, Ohio, USA. Diebold reported revenue of US$1.2
billion in 1998 and is publicly traded on the New York Stock Exchange under the