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

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Loan and leasing portfolio of Armenian credit institutions in the first half of 2026 amounted to 681.8 billion drams

YEREVAN, August 10. /ARKA/. As of June 30, 2026, the total loan investment and leasing portfolio of Armenian credit institutions reached 681.8 billion drams, reflecting a 1.64% increase from the previous quarter and a 3.23% rise since the start of the year.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

LATEST NEWS

spot_imgspot_imgspot_img