Commercial Bank Invites Bids to Supply ATMs
The commercial bank of Ethiopia invited potential bidders for the supply of 2,000 Points of Sales terminals and 200 Automated Teller Machines. The bank currently operates 58 ATM machines and has made preparations to import 200 ATM machines including 2,000 POS this year.
The commercial bank aims to raise its number of accounts by 25 percent in its effort to mobilize deposits, mainly to finance government housing projects.The bank plans to install 100 new ATMs and open 150 additional branches every year until 2015.
The bank has 200 branches and3.9 million account holders. Over 1.5 million account holders can reach their accounts in real time.
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