HSBC Bank Armenia considers 2011 successful

YEREVAN, January 9. /ARKA /. HSBC Bank Armenia said in a press release that it evaluates its 15th year in Armenia as extremely successful, considering the projects and initiatives implemented throughout the year aimed at introduction of new products, improving service level, as well as awards and recognition received from various local and international institutions.

It said throughout 2011, HSBC Armenia invested in a number of projects, which allowed to launch first Drive Through ATM in Armenia, resume acquiring of international VISA and MasterCard and start servicing of ArCa cards via its ATM network, start issuing chip and pin cards to provide customers with higher security than cards with magnetic stripe. At the end of the year HSBC Armenia reopened its “Komitas 1” Branch, where car loans are provided to customers at a discounted, preferential rate.

“The year also stands out with a number of international and Armenian state and private sector institutions recognizing the bank’s success. Among these, HSBC Bank Armenia cjsc was recognized “Bank of the Year in Armenia” by the The Banker magazine and “Best Bank in Armenia” by Global Finance. Local state institutions recognized HSBC Bank Armenia as the most attractive private employer; and the bank also received a special Certificate for adapting its office premises for the disabled staff and for recruiting them,’ according to the report.

In line with the strategy of positioning HSBC as the best bank for international business in Armenia, this year more than 40 of HSBC Armenia clients were provided with the opportunity to participate in pan European events and award ceremonies, such as “Trade Connection” and “Trade Summit” events in Shanghai (June2011) and in Hamburg (October2011) respectively, as well as European Business Awards in Barcelona (November2011), where “Byurakn LLC” was recognised as overall winner under the “Chairman’s Selection” category.

“We are confident, that HSBC Bank Armenia will close this year with strong financial results and will maintain its leading position in the banking sector of Armenia. We hope that year 2012 will also be successful, as we plan to further expand our branch network, develop scale of products and services, and will continue to invest in new technologies”, – HSBC Bank Armenia Deputy Chief Executive Officer Irina Seylanyan was quoted as saying.-0-

spot_img

POPULAR

Euro and dollar rose against the Armenian dram, while the ruble weakened: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.36 points on November 2, 2026, compared to October 30, 2026, to 360.6 drams.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Armenia to establish endemic seed bank to protect agriculture from climate change

The Armenian-French "Seed" program, supported by the Acba Federation, was presented at COP17.

Euro and ruble rose against the Armenian dram, while the dollar weakened: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

LATEST NEWS

spot_imgspot_imgspot_img