Mon, 1 September
29.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

HSBC Bank Armenia CEO Says Investment Climate In Armenia Slowly Improving

YEREVAN, September 19. / ARKA /. HSBC Bank Armenia CEO, Astrid Clifford, said today the investment climate in Armenia is slowly and progressively improving. Speaking at a news conference she said HSBC Bank Armenia was making progress from the first year of its inception in Armenia.

“In particular, the return on our assets now stands at 6%, return on equity is at 22%,” she said, adding that these figures are quite high in the context of international standards.

Clifford said the bank is working now on two major projects, one is introduction of multifunctional ATMs and the second is a debit card project. She said the bank will implement this year several investment programs and open two new branches in 2012.

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. ($ 1 – 375.3 drams). –0–

spot_img

POPULAR

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

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

ODDO BHF financial group exploring potential collaboration with Armenian public sector and private enterprises

On Thursday, Armenian Economy Minister Gevorg Papoyan welcomed a delegation from the ODDO BHF financial group, as reported by the press service of the Ministry of Economy.

Armenia’s overall public debt rose by approximately 1.8% to reach $14.1 billion as of July 2025

As of July 31, 2025, Armenia's total public debt was recorded at $14,098.6 million, an increase from $13,852.1 million as of June 30, 2025,according to the Ministry of Finance.

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

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.

LATEST NEWS

spot_imgspot_imgspot_img