Diebold Further Expands ATM Network Across Nigeria

NORTH CANTON, Ohio, May. 14 /PRNewswire/ --

NORTH CANTON, Ohio, May 14 /PRNewswire-FirstCall/ -- Diebold, Incorporated has announced an agreement with Union Bank to supply the financial institution with 120 new automated teller machines (ATMs) for the bank's branches throughout Nigeria.

The Opteva(R) 520 lobby cash dispenser, one of Diebold's most flexible, feature-rich and compact ATMs, will help Union Bank expand its ATM network across the country and improve branch efficiency.

This deal in Nigeria is the latest in a number of recent wins in the region. Union Bank is one of the largest banks in Nigeria, with almost 400 branches nationwide. The installation of Diebold ATMs will increase the bank's visibility throughout Nigeria and will enable Union Bank to expand into other major cities, as well as less accessible towns.

"The installation of these ATMs means that for the first time in Nigeria, the ATM won't just be a cash dispenser, it represents a real added-value channel as the bank's branches develop," said Cliff Meinhardt, Diebold vice president and general manager, Central Europe. "After the installations have taken place, we will work with Union Bank to maximize the geographical spread of its ATM network, allowing us to combat problems found in banks in smaller towns, such as unreliable power supplies and difficult accessibility for service."

About Diebold

Diebold, Incorporated is a global leader in providing integrated self- service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in North Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol "DBD." For more information, visit the company's Web site at www.diebold.com .

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