CIMB Malaysia is expanding its ATM network with cash deposit technology from Wincor Nixdorf

(PresseBox) ( Paderborn, )
Southeast Asia's CIMB Bank Berhad (CIMB) has selected Wincor Nixdorf's cash deposit technologies for the expansion of its extensive self-service terminal (SST) network. CIMB is Malaysia's second largest financial services provider by asset size, and one of Asia's trendsetters in the migration of standard transactions to SSTs or automated teller machines (ATMs). In addition to the 650 systems that accept cash deposits, the bank is installing a further 680 cash dispensers. Rollout has begun and is expected to be completed by the end of 2008.

As the majority of Asian economies remain cash-oriented resulting in high volumes of low-denomination banknotes in circulation, fast-growing banks in the region are seeking ways to benefit from this trend. Financial institutions, such as CIMB Bank, are now beginning to migrate their deposit and withdrawal transactions to ATMs to improve service to customers.

Long considered an innovator, CIMB Bank is dedicated to offering its customers enhanced service. Its ATMs offer customers 24-hour cash dispensing, funds transfers and cash and cheque deposit facilities.This is the reason why more and more fast-growing banks like CIMB are choosing to migrate their deposit and withdrawal transactions to self-service. In doing so, they are increasingly installing cash-in systems that offer bigger banknote capacities, such as Wincor Nixdorf's ProCash 4000, to automate the deposit process. Both the cash-in systems and the monofunction ProCash 2000 dispensers will be installed in off-premise locations as an enhancement of the bank's current offer. Wincor Nixdorf will not only provide the installation service but also assume responsibility for ATM maintenance.

This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.
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