Riyadh: Bank AlBilad has appointed ABANA Enterprises Group Co. to replace their existing teller currency counting machines.
ABANA has completed the installation of "Magner75 Plus" across all Bank AlBilad and Enjaz branches. The project addresses the goal of the Saudi Arabian Monetary Agency (SAMA) to protect the national economy against all sorts of fraud. The Magner75 Plus offers sophisticated technology that allows accurate and high-speed currency counting and reliable counterfeit detection.
"We believe that with these new machines in place in our branches, we'll be able to improve efficiency, especially in combating counterfeit notes; we will also provide assurance to our customers that they are receiving only genuine notes when withdrawing cash from any of our tellers", said Mr. Khaled Al Othman, Director of Branches, Bank AlBilad.
The Magner75 Plus has gained the confidence of the banking industry, and is being utilized by all Saudi Arabian banks as their first line of defense in fighting against counterfeit notes. ABANA is the exclusive distributor of Magner 75 Plus in Saudi Arabia.
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About Bank AlBilad
Established on November 4, 2004, Bank Al Bilad provides various types of Islamic banking services and products in accordance to Islamic Shari'a Law. Bank Al Bilad is Saudi Arabia's second established Islamic Bank.
Bank Al Bilad represents Saudi Arabia's first ever public flotation of bank shares via the Internet. The first day of trading was April 30, 2005.
About ABANA
ABANA is an industry leader with more 30 years of experience in providing innovative, high-performance, and sophisticated equipments and solutions, and managed services to the financial and telecommunication sectors.
ABANA specializes in after-sales support and is widely known for its signature technical support system known as Fast Track® Service the one hour solution. ABANA is the only company in the GCC that offers one-hour solution time to resolve hardware and software problems reported by its customers. ABANA's Help Desk serves as the single-point-of-contact and employs an Interactive Voice Response (IVR) and centralized reporting system. This system manages all customer calls and dispatches field service engineers from ABANA's 16 service centers.
For more information, please visit www.abana.com.sa
Media Contact:
Allan E. Cruz
marketing@abana.com.sa
© Press Release 2010
