BETHESDA, Md., April 6, 2009 (GLOBE NEWSWIRE) -- In March 2008, ICICI Bank Ltd., India's second largest Bank, opened its first United States branch in New York City. Since that opening, ICICI Bank has joined the Allpoint ATM network consisting of 37,000 surcharge-free ATMs across the United States and the United Kingdom to offer more convenience to customers located outside of India.
"Allpoint is proud to be the network of choice for ICICI as they expand outside of India," said Ben Psillas, President of Allpoint Network. "Convenience is one of the most significant challenges facing a foreign bank in attracting new business within the United States. With Allpoint's 37,000 surcharge-free ATMs, ICICI Bank is able to address this limitation and compete more effectively immediately."
In New York State alone, ICICI Bank will offer access to more than 2,500 surcharge-free ATMs in convenient locations at retailers such as 7-Eleven, Duane Reade, Target, Costco, and CVS to name a few.
Mr. G. V. S. Ramesh, Head of ICICI Bank's U.S. Branch said, "The New York branch offers a range of services and products to our valued customers. ICICI Bank has launched the 'Global Indian Account' facility, the first of its kind in India, which addresses the banking needs of Indians moving overseas by giving them access to financial services from the time they enter the United States. Allpoint enables our Global Indian Account customers to have access to over 35,000 surcharge-free ATMs coast to coast and over 2,000 across the U.K., providing a unique value proposition for Indian customers."
About Allpoint:
Allpoint, an affiliate of Cardtronics (Nasdaq:CATM), is America's Largest Surcharge-Free ATM Network with 37,000 ATMs in leading national and regional merchant locations across the United States and the United Kingdom. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions with the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit the company's web site at www.AllpointNetwork.com
The Allpoint Network logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2368
About ICICI Bank:
ICICI Bank Ltd. (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country with consolidated total assets of about $77 billion as of December 31, 2008. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.