{"id":20975,"date":"2011-03-18T11:17:55","date_gmt":"2011-03-18T11:17:55","guid":{"rendered":"https:\/\/armbanks.am\/2011\/03\/18\/232574\/"},"modified":"2024-12-15T12:50:30","modified_gmt":"2024-12-15T12:50:30","slug":"hsbc-bank-armenia-plans-considerable-growth-in-its-indicators-for-2011","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/03\/18\/20975\/","title":{"rendered":"HSBC Bank Armenia plans considerable growth in its indicators for 2011"},"content":{"rendered":"

YEREVAN, March 18. \/ARKA\/. <\/strong>HSBC Bank Armenia plans considerable growth in its indicators for 2011, HSBC Bank Armenia CEO Astrid Clifford said Friday at a news conference.<\/p>\n

Gevorg Tarumyan, the bank\u2019s chief financial officer, who spoke at the same news conference, said that the bank\u2019s assets, liabilities, profits and lending are expected to grow this year.<\/p>\n

He said that the bank\u2019s loan portfolio is expected to grow 31%.<\/p>\n

In his words, the bank had intensified individual car lending and resumed extending mortgage loans.<\/p>\n

Tarumyan said the bank has no problems with resources and capital for lending.<\/p>\n

He said that overdue loans made up 7% of the bank\u2019s loan portfolio in late December 2010, while in February 2011 the share of overdue loans in the loan portfolio shrank a great deal.<\/p>\n

HSBC Bank Armenia, subsidiary of HSBC Bank Plc, was opened in Armenia in 1996.<\/p>\n

HSBC Group holds 70% of HSBC Bank Armenia shares. The remaining 30% belong to Armenians living abroad. The bank provides a wide range of services to legal entities and individuals. It has eight branches and more than 50 ATMs.<\/p>\n

In late January 2009, HSBC Bank Armenia became a member of<\/p>\n

NASDAQ OMX Armenia Stock Exchange.<\/p>\n

HSBC Bank Armenia CJSC\u2019s profit before taxation grew more than two times over 2010 reaching AMD 5.9 billion by late December.<\/p>\n

HSBC Bank Armenia also built up its assets by 7% to AMD 145 billion and enlarged its loan portfolio by 36% to 86 billion.<\/p>\n

The bank\u2019s total capital grew by AMD 2.9 billion to AMD 24.7 billion. ($1 = AMD 369.62).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC Bank Armenia plans considerable growth in its indicators for 2011, HSBC Bank Armenia CEO Astrid Clifford said.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15480,459,12858],"class_list":{"0":"post-20975","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-armenia-2","9":"tag-hsbc-bank-armenia-2","10":"tag-hsbc--","11":"tag-indicators"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20975","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=20975"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/20975\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=20975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=20975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=20975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}