GEIT Shortlisted in the Smart Counter Procurement Project of Guangxi Beibu Gulf Bank

Recently, GEIT received the official bid-winning notice for the Smart Counter Procurement Project fromGuangxi Beibu Gulf Bank Co., Ltd. (Beibu Gulf Bank) and has been successfully selected as the supplier.

GEIT Cash-enabled Smart Counter supports customized modular configurations tailored to customer requirements to meet diverse business scenarios.Integrating cutting-edge financial self-service equipment technology with traditional high- and low-counter services, the solution provides bothcash and non-cash transaction capabilities and covers more than90% of over-the-counter banking services.

Affected by labor costs and operational efficiency demands, banking outlets are accelerating intelligent transformation.A key advantage of GEIT’s Cash-enabled Smart Counter is enablingself-service processing of large-value cash deposits and withdrawals.The system replaces tellers in banknote verification, counting and sorting, enhancing cash security while significantly improving service efficiency and user experience.It effectively eases congestion and queuing during peak hours, reduces per-transaction and overall operating costs, and minimizes processing errors.

By shifting routine transactions to self-service, the solution frees branch staff from repetitive counter work to focus oncustomer engagement, financial planning, wealth management and product promotion.This strengthens customer loyalty and marketing capabilities, helping banks build new core competitive advantages amid transformation, achieve cost reduction and efficiency improvement, and maximize operational value.

About Guangxi Beibu Gulf Bank

Established in October 2008, Guangxi Beibu Gulf Bank is a provincial-level commercial bank restructured from the former Nanning Commercial Bank, in response to the national strategy of opening and developing the Beibu Gulf Economic Zone.

The bank has established branches in10 prefecture-level cities including Nanning, Beihai, Guigang, Liuzhou, Qinzhou, Fangchenggang, Chongzuo, Yulin, Baise and Wuzhou, as well as10 key county-level regions.It has also initiated and founded three village and township banks in Tiandong, Binyang and Cenxi.

The bank currently operates19 first-tier branches,119 business outlets and employs more than 2,500 people.Its service network covers the Guangxi Beibu Gulf Economic Zone, Xijiang Economic Belt and the Zuo-Jiang Revolutionary Base Area.It has established correspondent banking relationships with215 banks in 30 major countries and regions, forming a global network.

Beibu Gulf Bank has achieved coordinated development between supporting local economic growth and its own expansion in scale, quality and efficiency.It has grown into a modern commercial bank with total assets of nearly190 billion yuan and net assets exceeding14.5 billion yuan, supported by sound corporate governance and risk management systems.

In 2018, its loan growth rate was3.5 times the national average and2.83 times the regional average for the banking industry.The bank injected a total of150 billion yuan of various funds (including nearly70 billion yuan from outside Guangxi) into local economic and social development.Its accumulated financing exceeded1 trillion yuan, with accumulated tax payments exceeding5.2 billion yuan.

The bank has received wide recognition from authorities and society.InThe Banker’s “Top 1000 World Banks 2018” ranking, Beibu Gulf Bank rose to501st place globally (up 28 places from 2017) and82nd among Chinese banks.

It has been awarded honors including:

· Top 10 City Commercial Banks in China

· 2017 Comprehensive Contribution Award for Serving Guangxi

· Iron Horse Bank – Best Inclusive Finance Bank

· Guangxi Excellent Enterprise

· China Top 500 Service Enterprises

· Guangxi Top 100 Enterprises

· Guangxi Top 50 Service Enterprises

As a leading total solution provider with outstanding products and strong brand influence in the financial self-service equipment industry, GEIT has earned high recognition from financial institutions for its product performance and professional, responsive and comprehensive services.

This successful selection reflects GEIT’s ongoing commitment to its mission:“Empowering Financial Self-Service Through Technological Innovation.”

GEIT will continue to enhance product quality and service standards, ensure stable and secure operation, and support the construction and intelligent transformation of smart banking outlets.