HSBC Bank Armenia planning to expand its branch network in 2012

Banks
YEREVAN, March 5. /ARKA/. HSBC Bank Armenia intends to expand its branch network in 2012, Astrid Clifford, CEO of the bank, said on Monday.
She told journalists that HSBC Bank Armenia is going to add another branch to its eight branches in Yerevan in the second half of this year.
Clifford also said that the bank will open a branch for VIP clients in the central part of Yerevan in May.
She said that the bank would consider room for opening branches also in provinces in 2013.
It will depend on pace of provinces’ development by that moment, and profitability the bank’s branches.
HSBC Bank Armenia is a member of HSBC Bank plc. It was opened in Armenia in 1996 and is the first international bank in the country. Seventy percent of its shares are owned by HSBC Group and the remaining 30% by Diaspora Armenian investors. The Bank offers a variety of services to individuals and corporate customers.
Today the bank has 398 employees, which serve 35,000 individuals and 5,000 legal entities. The bank has eight branches and offices in Yerevan and more than 50 ATMs. -0-

YEREVAN, March 5. /ARKA/. HSBC Bank Armenia intends to expand its branch network in 2012, Astrid Clifford, CEO of the bank, said on Monday.

She told journalists that HSBC Bank Armenia is going to add another branch to its eight branches in Yerevan in the second half of this year.

Clifford also said that the bank will open a branch for VIP clients in the central part of Yerevan in May.

She said that the bank would consider room for opening branches also in provinces in 2013.

It will depend on pace of provinces’ development by that moment, and profitability the bank’s branches.

HSBC Bank Armenia is a member of HSBC Bank plc. It was opened in Armenia in 1996 and is the first international bank in the country. Seventy percent of its shares are owned by HSBC Group and the remaining 30% by Diaspora Armenian investors. The Bank offers a variety of services to individuals and corporate customers.

Today the bank has 398 employees, which serve 35,000 individuals and 5,000 legal entities. The bank has eight branches and offices in Yerevan and more than 50 ATMs. -0-

spot_img

POPULAR

Announces

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.
Economy

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.
Crypto

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."
Economy

Armenia’s risk premium increased amid events in the Middle East – Galstyan

The risk premium in Armenia has increased slightly due to events in the Middle East, although not as much as in other countries in the region and beyond, stated Martin Galstyan, head of the Central Bank of Armenia.
Announces

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Anelik bank intends to build up its deposit portfolio by 30% to AMD 26 billion this year
Next article
HSBC Bank Armenia does not plan to revise interest rates on deposits