MOSCOW, April 18, 2011 /PRNewswire/ -- Sovcombank has chosen Diebold, Incorporated (NYSE: DBD) to provide more than 200 Opteva® automated teller machines (ATMs) for its ATM network. The installation process is expected to be completed within the next few months. As a result of this most recent deal, there will be more than 450 Diebold ATMs within Sovcombank's network.
The Opteva 522 interior ATMs will help Sovcombank extend its self-service network as a part of the bank's retail loan services development program throughout Russia. The ATMs' broad functionality and reliability will provide a high level of remote service, which will fully meet the global standards for quality and safety. With its compact footprint, the Opteva 522 interior ATM is ideal for lobby and off-premise retail locations.
"We continue to extend our retail network and the range of services offered. Bringing quality services and attracting new customers are key priorities in the development of our bank," said Igor Lappi, manager, Central branch of Sovcombank Investment and Commercial Bank LLC. "Cooperation with Diebold will help us reach our goals and provide a high level of service to our clients."
The delivery contract is a part of cooperation between Sovcombank, Diebold and the Center of Financial Technologies (CFT), a group of innovative companies that develop high-tech solutions for the financial sector and other branches of economy. Within the framework of the project CFT is acting as a software license provider. This software provides clients with remote access to banking products and services.
The integration of Diebold hardware and CFT software solutions will help the bank to expand the capabilities of its self-service network. In addition to standard banking transactions, such as cash withdrawals or receiving account information, clients will also be able to pay for cell phone and utility services, make money transfers and loan repayments. By enabling advanced transaction functionality, Diebold Opteva ATMs help financial institutions achieve the highest possible rate of return on their investment while lowering maintenance costs and providing an enhanced user experience.
"Sovcombank has a broad regional network. With Opteva ATMs, Sovcombank will improve the quality of service while offering its clients a wide range of new opportunities to use modern banking products," said Dave Wetzel, vice president and managing director, Diebold EMEA region. "We are happy to cooperate with CFT and Sovcombank and we are looking forward to delivering innovative solutions and services to the bank in future."
Sovcombank Investment and Commercial Bank was founded in 1990 and has general license of the Bank of Russia No. 963. In terms of its financial indexation, Sovcombank is in the Top 100 of the largest banks of the country. As of 2010 year-end, the Bank ranks No. 37 in terms of consumer loans and No. 38 in terms of individual deposits (according to the data from RBC.Rating). The Bank has a reliability rating of B++ (Expert PA agency), a credit rating of BB+, a "stable" forecast (RusRating agency) and also a long-term credit rating of B- with "stable" forecast and ruBBB rating on the national scale (Standard & Poor's agency). Branches and offices of the Bank successfully work in almost 30 Russian regions. The Bank has more than 1000 points of sales in the regions of presence.
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 16,000 associates 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.' For more information, visit the company's website at www.diebold.com.