{"id":151927,"date":"2023-11-27T13:54:22","date_gmt":"2023-11-27T13:54:22","guid":{"rendered":"https:\/\/armbanks.am\/2023\/11\/27\/251224\/"},"modified":"2024-12-15T13:53:03","modified_gmt":"2024-12-15T13:53:03","slug":"ebrd-expands-cooperation-with-hsbc-in-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/11\/27\/151927\/","title":{"rendered":"EBRD expands cooperation with HSBC in Armenia"},"content":{"rendered":"\n<p><strong>YEREVAN, November 27. \/ARKA\/.<\/strong> The European Bank for Reconstruction and Development (EBRD) has signed a funded Risk Sharing Framework (RSF) agreement with\u00a0HSBC Bank Armenia\u00a0(HSBC Armenia) to facilitate\u00a0Armenian\u00a0firms\u2019 access to finance, EBRD said in a statement.<\/p>\n\n\n\n<p>Under the agreement \u2013 signed today in Yerevan by Francis Malige, the EBRD\u2019s Managing Director for Financial Institutions, and Irina Seylanyan, the HSBC Armenia\u2019s Chief Executive Officer \u2013 the EBRD will co-finance individual loans provided by HSBC Armenia to eligible borrowers.<\/p>\n\n\n\n<p>The RSF is one of three core financing frameworks of the&nbsp;EBRD\u2019s Small Business Initiative,&nbsp;a programme dedicated to supporting and developing local private companies. The EBRD offers partner banks funded or unfunded risk participation mechanisms in foreign or local currency by co-financing and guaranteeing the partner bank\u2019s loans to eligible companies.<\/p>\n\n\n\n<p>\u201cWe are pleased to partner with HSBC Armenia to expand financing opportunities for growing companies. The EBRD\u2019s risk-participation mechanism will enable HSBC Armenia to manage capital and risk concentration and facilitate credit growth for the benefit of the real economy,\u201d said Francis Malige.<\/p>\n\n\n\n<p>\u201cThis partnership marks a new chapter in our longstanding relationship with the EBRD. Through this collaboration, we look forward to enhancing our financing opportunities for local businesses,\u201d said Irina Seylanyan.<\/p>\n\n\n\n<p>HSBC Armenia is one of the EBRD\u2019s key partner banks in Armenia, with cooperation particularly focused on supporting investments in sustainable energy. HSBC Armenia has distinguished itself as a leading provider of corporate and investment banking services in the country.<\/p>\n\n\n\n<p>Bolstering firms\u2019 competitiveness and supporting financial-sector intermediation through risk-sharing products are among the EBRD\u2019s key priorities in Armenia. As one of the largest institutional investors there, the EBRD has invested more than \u20ac2 billion in 207 projects in the country, with the majority in the private sector. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) has signed a funded Risk Sharing Framework (RSF) agreement with\u00a0HSBC Bank Armenia\u00a0(HSBC Armenia) to facilitate\u00a0Armenian\u00a0firms\u2019 access to finance, EBRD said in a statement<\/p>\n","protected":false},"author":1,"featured_media":171912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-151927","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/151927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=151927"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/151927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/171912"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=151927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=151927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=151927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}