{"id":4856,"date":"2009-12-07T13:59:35","date_gmt":"2009-12-07T13:59:35","guid":{"rendered":"https:\/\/armbanks.am\/2009\/12\/07\/230255\/"},"modified":"2024-12-15T12:45:30","modified_gmt":"2024-12-15T12:45:30","slug":"hsbc-bank-armenia-to-close-2009-withy-profits","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2009\/12\/07\/4856\/","title":{"rendered":"HSBC Bank Armenia to close 2009 withy profits"},"content":{"rendered":"<p><strong>YEREVAN, December 7, \/ARKA\/.<\/strong> HSBC Bank Armenia Chief Executive Officer Tim Slater said to ARKA that the bank will close the year with profits.<\/p>\n<p>He said although the bank suffered 1.5 billion Drams losses after March 3, nevertheless it managed to secure steady income.<\/p>\n<p>On March 3, 2009 Armenia\u2019s Central Bank reverted to the so-called floating exchange rate of the national currency against major hard currencies. As a result the Dram depreciated by 66.36 points falling from 305 Drams per $1 to 372.11 Drams. According to the official figures of the Central Bank, Armenian banks lost 4.7 billion Drams on March 3 alone.<\/p>\n<p>According to Tim Slater, although the Armenian economy was hit severely by the global economic crisis, HSBS never regretted doing business here.<\/p>\n<p>According to the bank\u2019s official numbers, HSBC Bank Armenia earned 1.014 billion Drams in net profits in the first nine months of the year.<\/p>\n<p>HSBC bank Armenia is a subsidiary of HSBC Bank plc, which holds 70% in HSBC Bank Armenia. The rest is held by Diaspora Armenians. HSBC Bank Armenia joined NASDAQ OMX Armenia in 2009 January. ($1 \u2013 385.21 Drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC Bank Armenia Chief Executive Officer Tim Slater said to ARKA that the bank will close the year with profits.<\/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":[15480,459,12333,12354],"class_list":{"0":"post-4856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-hsbc-bank-armenia-2","9":"tag-hsbc--","10":"tag-profits","11":"tag-slater"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4856","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=4856"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/4856\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=4856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=4856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=4856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}