Juniper Networks M Series Multiservice Edge Routers Deployed at China's Fourth Largest Lender to Deliver Advanced Routing
BEIJING, China, April 21, 2010 — Juniper Networks® (NASDAQ:JNPR, news, filings) today announced that Agricultural Bank of China Limited, the country's fourth largest lender, has deployed Juniper Networks M Series Multiservice Edge Routers in a new, nationwide backbone network to support its internal operations. Juniper's M Series provide the bank with a high-bandwidth, low-latency and highly reliable platform upon which to drive increased operational efficiency.
The Agricultural Bank of China (ABC) is the last of China's Big Four lenders to be prepared for public listing. It was transformed into a joint stock-company in January 2009 and is expected to launch an initial public offering later this year. With its strong presence in China's rural economic sector, the ABC operates the country's largest branch network — comprised of 24,064 branches, sub-branches and outlets that serve over 350 million customers — driving the need for a large, high-performance backbone network.
A matrix of Juniper Networks M320 routers have been installed at ABC's head office to form the network core while pairs of Juniper Networks M120 routers, deployed at 36 nodes across the country, form an access layer connected to the core via redundant ATM links. This new high-performance infrastructure replaces a legacy network that, according to ABC, was too inflexible to meet its future requirements and also carried high maintenance costs.
"Implementation of a highly-efficient and capable high-performance backbone network is another major step in the Agricultural Bank of China's transformation into a modern universal bank," said Eric Yu, vice president of Greater China, Juniper Networks. "Juniper Networks M Series Multiservice Routers are designed for most demanding networks and are optimal for powering this, the largest backbone network in China's financial services sector."
The Juniper M Series is a family of high-performance multiservice edge routers, with advanced routing features that delivers exceptional flexibility and reliability over a wide range of connectivity options without compromise. This allows the rapid deployment of new services while minimizing the total cost of ownership.
About The Agricultural Bank of China
The Agricultural Bank of China was the first commercial bank established in the People's Republic of China in 1951 and the State's first specialized bank set up after the reform and opening-up of the country in February 1979. Since its establishment the Bank has played an important role in China's rural economic sector. Having spun off the Agricultural Development Bank in 1994 and the Rural Credit Cooperatives in 1996, ABC started its transformation into a wholly state-owned commercial bank. In January 2009 the Bank became a joint-stock company. ABC's net profits in 2008 increased to RMB 51,453 million. Meanwhile, the total assets stood at RMB 7,014,351 million with total deposits of RMB 6,097,428 million and outstanding loans at RMB 3,100,159 million
About Juniper Networks
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