Nigeria's Union Bank orders 120 Diebold ATMs

Source: Diebold

Diebold, Incorporated (NYSE:DBD) has announced an agreement with Union Bank to supply the financial institution with 120 new automated teller machines (ATMs) for the bank's branches throughout Nigeria.

The Opteva 520 lobby cash dispenser, one of Diebold's most flexible, feature-rich and compact ATMs, will help Union Bank expand its ATM network across the country and improve branch efficiency.

This deal in Nigeria is the latest in a number of recent wins in the region. Union Bank is one of the largest banks in Nigeria, with almost 400 branches nationwide. The installation of Diebold ATMs will increase the bank's visibility throughout Nigeria and will enable Union Bank to expand into other major cities, as well as less accessible towns.

"The installation of these ATMs means that for the first time in Nigeria, the ATM won't just be a cash dispenser, it represents a real added-value channel as the bank's branches develop," said Cliff Meinhardt, Diebold vice president and general manager, Central Europe. "After the installations have taken place, we will work with Union Bank to maximize the geographical spread of its ATM network, allowing us to combat problems found in banks in smaller towns, such as unreliable power supplies and difficult accessibility for service."

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