GEIT Wins Bid for Inner Mongolia Bank's High-value Deposit and Withdrawal All-in-one Machine Project

GEIT recently announced that it has won the bid for the High-Value Deposit and Withdrawal All-in-One Machine Project launched by Inner Mongolia Bank, following the receipt of the official bid-winning notice.

Tailored to meet diverse operational needs, GEIT’s high-value deposit and withdrawal all-in-one machine supports flexible configuration schemes. By integrating financial self-service technology with front and back-office banking services, the device covers both cash and non-cash transactions, accounting for 90% of traditional counter services.

Against the backdrop of rising labor costs and growing demands for operational efficiency, bank branches are accelerating their digital transformation drive. A key highlight of GEIT’s solution is its ability to migrate high-value deposit and withdrawal services to self-service channels: the machine automates banknote verification, counting and sorting—tasks previously performed by tellers. This not only ensures cash handling security, but also boosts service efficiency and enhances customer experience, effectively easing queuing pressure during peak hours. In addition, the solution helps reduce per-transaction and overall operational costs for banks, minimizes transaction errors, and frees up tellers to focus on value-added services such as customer consultations, investment and wealth management product recommendations. These improvements strengthen customer stickiness and branch marketing capabilities, enabling banks to build new core competitive advantages in the era of digital transformation, achieve cost reduction and efficiency gains, and maximize their overall profitability.

Founded on November 19, 1999, Inner Mongolia Bank originated as Hohhot City Commercial Bank. In 2009, the People's Government of Inner Mongolia Autonomous Region became its largest shareholder through capital injection, leading to the official renaming of the bank as Inner Mongolia Bank Co., Ltd. With the support of the regional Party committee and government, the bank has forged ahead amid domestic economic adjustments, evolving into a key cross-regional financial player with comprehensive business coverage.

Rooted in local markets and committed to serving the northern China region, Inner Mongolia Bank has continued to refine its management system, innovate financial products, expand service channels, and strictly comply with national regulatory requirements. It has strengthened comprehensive risk management, consolidated its three core business pillars—corporate banking, micro and small enterprise (MSE) banking, and retail banking—and standardized the development of five key business segments, namely interbank business, wealth management, investment banking, internet banking, and international banking. While fulfilling its social responsibilities, the bank is striving to build a differentiated and distinctive business model, with a focus on advancing inclusive finance, green finance, ethnic minority finance, and border area finance.

By the end of 2018, Inner Mongolia Bank had total assets of RMB 135.735 billion, with deposits and loans standing at RMB 84.065 billion and RMB 62.189 billion respectively. The bank recorded a net profit of RMB 532 million and paid RMB 420 million in taxes that year. Its outstanding performance has earned it a string of accolades, including the Five-Star Business Outlet, Top 1,000 Model Units for Civilized and Standardized Banking Services, and Top 100 Excellent Creation Award from the China Banking Association. It has also been honored with the Financial Support for Key Work and Projects Contribution Award and the Outstanding Contribution Award for Supporting Local Economic and Social Development by the People's Government of Inner Mongolia Autonomous Region.

As of the end of 2018, Inner Mongolia Bank operated a network of 135 institutions across 8 leagues and cities in the autonomous region, including the head office, 11 branches (including the head office business department), 1 directly affiliated sub-branch, 121 sub-branches (22 at the county level), and 1 Small Enterprise Financial Service Center, employing a total of 3,110 staff. Beyond the region, it has established 1 branch in Harbin. Within Inner Mongolia, its network covers 11 branches and sub-branches, namely the Head Office Business Department, Hulunbuir Branch, Hinggan League Branch, Tongliao Branch, Xilingol League Branch, Ulanqab Branch, Baotou Branch, Wuhai Branch, Hohhot Branch, Erenhot Branch, and Manzhouli Sub-branch. The bank has also initiated the establishment of 31 village and township banks, with 22 located in Inner Mongolia (5 in national-level poverty-stricken counties and 6 in provincial-level poverty-stricken counties) and 9 outside the region (1 in a national-level poverty-stricken county). All 31 village and township banks have maintained steady scale growth.

As a leading total solution provider in the financial self-service equipment sector, GEIT has built a strong reputation for its high-quality products and solutions, which have won wide acclaim from banking clients. Its professional, timely, comprehensive and thoughtful services have further strengthened customer trust. These achievements embody GEIT’s unwavering commitment to its mission of “Leading Financial Self-Service Through Technological Innovation”, spanning product development, solution design and full-cycle services. Going forward, GEIT will continue to enhance product quality and service standards, ensure the safe and stable operation of its equipment, and contribute to the construction of intelligent bank branches.