View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 26, 2010

Bank Al Bilad Opts Abana For Replacing Existing Teller Currency Counting Machines

In line with the goal of the Saudi Arabian Monetary Agency (SAMA) to protect the national economy against all sorts of fraud, Bank Al Bilad has selected Abana Enterprises Group to replace its existing teller currency counting machines.

By CBR Staff Writer

Abana has completed the installation of ‘Magner75 Plus’ across all Bank Al Bilad and Enjaz branches. Abana claimed that the Magner75 Plus offers technology that allows currency counting and reliable counterfeit detection.

Khaled Al Othman, director of branches at Bank Al Bilad, said: 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.

Saudia Arabia-based Abana offers standard banking automation equipment, including currency-counting machines, point-of-sale terminals, exchange-rate boards, bundling machines, counterfeit detectors, strapping and bundling machines and time stamping machines.

Ababa also provides ATMs, currency sorting machines, teller cash recyclers, cash processing solutions, cheque processing solutions, queue management systems and self-service kiosks.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Bank Al Bilad is Saudi joint stock company that offers business finance products, retail banking and investment banking services.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU