Mon, 8 September
20.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Some 4000 customers subscribed to HSBC Bank Armenia’s Internet banking service

YEREVAN, October 14, /ARKA/. HSBC Bank Armenia CEO, Astrid Clifford, said today the bank has 4000 customers subscribed to its Internet baking services, while the number of customers using telephone banking service has grown to 16,000.

Speaking to a news conference she said last year the bank invested around $2.5 million in development of telephone and Internet banking services and because of it the bank does not plan to open new branches this year. Astrid Clifford said their expectations came true as the number of Internet and telephone banking customer is rising constantly.

She also said the bank’s incomes grew by 30% in the first nine months of 2010 as opposed to the same time span last year, to around 3.9 billion Drams and credit investments rose by 32% – from 63 billion AMD to 83 billion AMD.

HSBC Bank Armenia cjsc was the first international bank to open in Armenia in 1996. The bank is a joint venture between the HSBC Group, which has 70 percent ownership, and members of overseas Armenian businesses. The bank offers a wide range of products and services to individual as well as corporate customers, including personal financial services, commercial banking and treasury and capital markets services. It has 9 branches and offices in Yerevan, as well as 50 ATMs located throughout the city.

According to ARKA news agency’s data, on June 30 the bank’s total assets grew to 126.7 billion Drams, its liabilities stood at 107.9 billion Drams, the total capital was worth 18.8 billion Drams, credit investments reached 70.3 billion Drams and deposits were worth 101.9 billion Drams. In the first six month it earned 1.9 billion Drams in net profits. ($1-361.28 Drams) -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img