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Article: ENTERPRISE FUND INVESTMENT CREATES INTEGRATED HUNGARIAN ATM NETWORK
- Article from:
- PR Newswire
- Article date:
- March 29, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENWICH, Conn. and BUDAPEST, March 29 /PRNewswire/ -- The Hungarian-American Enterprise Fund announced today its $1 million investment of original equity financing in Bank 24. This new $4.1 million Hungarian-American joint venture is establishing a nationwide network of Automated Teller Machines (ATMs) utilizing U.S. banking technology.
"Bank 24 is the kind of start-up firm we want to promote in Hungary. It is applying proven, Western technology and creating an interlinked nationwide network of all Hungarian ATMs," said E.R. Scocimara, President and Chief Executive Officer of the Enterprise Fund.
He continued, "There is a window of opportunity in Hungary ...