Brazil's Banco do Brasil is expanding its electronic services with the installation of more than 5,400 new automated teller machines (ATMs) and check dispensers throughout Brazil, enabling the financial institution to expand its reach to new and existing customers at its branches in all Brazilian states, as well as through new retail locations.
Banco do Brasil, a state bank which is Brazil's largest financial institution is getting the new ATMs from US-based Dielbold. In the agreement, Diebold will provide approximately 3,500 model CD 4500 cash dispenser ATMs and 1,900 checkbook printing terminals to Banco do Brasil.
Banco do Brasil currently has 40,000 ATMs in Brazil, and is participating in a countrywide trend to replace ATMs 10 years or older with models offering enhanced functionality and additional security and accessibility features.
The new ATMs, which are replacing older units, will include advanced security technology, such as an encrypted PIN pad and advanced skimming device technologies, electronic access control to open the upper cabinet door of the ATMs and safe-locking capabilities, which involve a trigger that freezes the safe's mechanism when the lock is drilled, punched or torched.
Diebold also will provide the financial institution with a reliable software platform and operating system to drive the new ATMs. To help the financial institution promote its brand on a wider scale, Diebold configured the software to prominently display Banco do Brasil's brand design on the machines' fascias.
Banco do Brasil provides comprehensive banking services for the general public, business customers and investors. It expects with the automated tellers to increase revenue and profitability, while reducing the overall costs associated with owning and operating an ATM channel.
"We're excited to assist Banco do Brasil in expanding its network, increasing ATM security and promoting its brand at a time when Brazil is experiencing such exceptional growth," said João Abud, Jr., president, Diebold Brazil. "This expansion will enable the financial institution to reap significant benefits from its high visibility position, as well as from its top-quality customer service."
In addition, Diebold will install the new ATMs, which are backed by a 12-month warranty and are fully compliant with new Brazilian accessibility standards.Â
Banco do Brasil S.A. is the largest financial institution in Brazil, providing services in every segment of the financial market to 24.4 million clients in more than 3,000 cities and 22 countries. The bank was founded in 1808 and is the oldest surviving bank in Brazil.Â
Banco do Brasil is government owned and its stock is traded at the São Paulo Stock Exchange. Since 2000, it is ranked one of the four most profitable Brazilian banks and holds a strong leadership in retail banking. Banco do Brasil is considered the leader in assets, total deposits, export exchange, asset management, loan portfolio, account holders, and distribution network in Brazil.
Diebold, Incorporated is in the business of providing integrated self-service delivery and security systems and services. The company employs more than 17,000 people with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.'
