Tue, 17 June
21.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

HSBC Bank Armenia made its business greener

YEREVAN, November 9, /ARKA/. HSBC Bank Armenia cjsc said in a statement that it has pledged to sponsor planting up to 1000 trees in Yerevan to encourage its customers to opt to receive their statements electronically and for signing up to Personal Internet Banking services, thus helping to preserve the environment.

‘Continuing the good tradition of tree planting initiated in 1996, on 8 November HSBC Bank Armenia staff and their families will plant 500 trees in “Huysi Avan” residential community together with specialists from Armenia Tree Project and community members,’ the statement said.

Tree planting is only one aspect of a comprehensive “Green Bank” campaign which the Bank has initiated. Following the launch of Telephone Banking in March 2009 and Internet Banking in July 2009, the availability of electronic statements is aimed at reducing paper consumption and helping to preserve the environment.

“To further encourage our customers and community to use green channels and sign up for Telephone or Internet Banking services and switch to e-statements, today we go green with tree planting. It is also important to mention that all HSBC Armenia staff do their daily banking via direct channels, acting as role models for the community”, said Tim Slater, HSBC Bank Armenia Chief Executive Officer.

The area where the tree planting will take place was also chosen with care. “Huisi Avan” is a shelter for 76 underprivileged Armenian families, mainly refugees, with a minimum of three children. By planting decorative trees and donating much needed fruit trees, the Bank is helping to improve the lives of people in need.

HSBC Bank Armenia cjsc is a subsidiary of HSBC Bank plc. It was registered in Armenia in 1995.

HSBC Bank plc holds 70% of HSBC Bank Armenia cjsc, 30% are owned by Diaspora Armenians. In 2009 January HSBC Bank Armenia cjsc joined NASDAQ OMX Armenia. -0-

spot_img

POPULAR

CBA introduces Master Documentation for Derivatives and Repurchase Transactions in Armenia

The Central Bank of Armenia (CBA), with technical assistance from the European Bank for Reconstruction and Development (EBRD) and financial support from the Japanese government, has introduced master documentation for derivatives and repurchase transactions that is governed by Armenian law.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro to Armenian dram exchange rate fell by 3.77 points

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 13, 2025, fell by 0.25 points compared to June 12 and amounted to 383.23 drams.

Central Bank of Armenia will develop a by-law for the implementation of the law “On crypto assets”

The Central Bank of Armenia will begin work on developing a by-law after the adoption of the law "On crypto assets", said the head of the regulator Martin Galstyan, answering a question from the ARKA news agency.

Armenia’s banking system dominates the financial system’s asset structure with a share of 83% and an indicator of 11 trillion drams – head of...

The assets of the banking system continue to make up the overwhelming majority of the financial system's assets - about 83%, or about 11 trillion drams, said the head of the Central Bank of the republic Martin Galstyan, presenting a report on financial stability for the past year.

LATEST NEWS

spot_imgspot_imgspot_img