CIBC announces completion of major ABM upgrade



    
    - ABM network provides clients with improved access, enhanced security
      and new features -
    

    TORONTO, April 10 /CNW/ - CIBC today announced the completion of a major
multi-year $90-million investment to upgrade its 3,800 bank machine network
across Canada, offering better access for persons with disabilities, enhanced
security and new transaction features.

    
    Highlights of the investment are:

    -   A near doubling of the number of CIBC Access for All ABMs, from
        610 in 2004 to 1,129 in 2007.
    -   The ability for clients to set up CIBC Express Withdrawal(TM),
        enabling them to complete their withdrawal almost three times faster.
    -   A deposit calculator to help with adding up multiple deposits.
    -   Enhanced security features to help prevent card skimming.
    

    "CIBC is focused on ensuring our bank machines offer our clients the
greatest possible convenience and accessibility," said Sonia Baxendale, Senior
Executive Vice President, Retail Markets. "Our investment is making one of
Canada's largest ABM networks even better."
    Ms. Baxendale added that every CIBC branch with a bank machine has at
least one CIBC Access for All ABM to make banking easier for visually impaired
clients and persons with restricted mobility.
    CIBC Access for All ABMs are installed at wheelchair accessible height
and include headphone jacks for audio access; grab bars for persons with
mobility impairments; and improved lighting to assist elderly and
partially-sighted clients.
    The completion of this upgrade follows CIBC's recent renewal of an
agreement with 7-Eleven to operate nearly 500 CIBC-branded ABMs in convenience
stores across Canada.
    "This contract reinforces CIBC's commitment to offer ABM services
wherever and whenever our clients want to use them," said Ms. Baxendale. "This
agreement will enhance the broad coverage that CIBC currently has in terms of
its bank machines across Canada."
    "At a time of increased competition for retail space, we are pleased to
have been able to renew our relationship with 7-Eleven and give our clients
access to CIBC ABMs at convenient retail locations," added Ms. Baxendale.
    CIBC bank machines are available broadly across Canada. In addition to
more than 1,000 branches and 7-Eleven convenience stores, CIBC clients can
access CIBC ABMs at Mac's convenience stores, Sunoco gas stations and numerous
other retail outlets. CIBC clients can also use any President's Choice
Financial bank machine at Loblaw stores across Canada, including Real Canadian
Superstores, Fortinos and No Frills, without incurring additional fees.

    CIBC is a leading North American financial institution with almost 11
million personal banking and business customers. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.
You can find other news releases and information about CIBC in our Press
Centre on our corporate website at www.cibc.com





For further information:

For further information: Rob McLeod (416) 980-3714


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