HSBC Bank Armenia first to offer 24-hour cash-in service in Armenian market

YEREVAN, February 12. /ARKA/. HSBC Bank Armenia cjsc is introducing a new cash deposit service for its clients, the bank’s press office reported.

The new service will be the first in the market allowing customers to instantly deposit cash into their bank account, says the report.

From now on HSBC Bank Armenia clients can deposit cash via the multifunctional ATM located at 66 Teryan main office premises and see the deposit being immediately credited to their account.

With this new feature, HSBC ATM can accept up to 80 Armenian dram banknotes of any denomination in one go, except for AMD5,000 banknotes issued in 1999/2012 and AMD100,000 banknotes (visit www.hsbc.am for details).

An analysis showed around 80% of all cash withdrawal transactions of HSBC Armenia are conducted via 55 ATMs of the bank today. This means cash-in service may become as popular in the near future as cash-out, according to the report.

“We constantly aim at improving our customers’ experience in their everyday banking with us by bringing new technologies and services into the Armenian market,” said Chief Executive Officer of HSBC Bank Armenia cjsc Thies Clemenz.

The new cash-in service will help clients jump the queues, save time and feel flexible in managing their cash transactions outside working hours, Clemenz said.

HSBC Bank Armenia is a member of HSBC Bank plc. Seventy percent of its shares are owned by HSBC Europe BV and 30 percent by the Wings Establishment. HSBC Bank Armenia joined NASDAQ OMX Armenia stock exchange in 2009 January. ($1=411.49drams). –0–

spot_img

POPULAR

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

LATEST NEWS

spot_imgspot_imgspot_img