{"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":[15480,12822,12333,12354],"class_list":["post-4856","post","type-post","status-publish","format-standard","category-banks-en-en","category-news","tag-hsbc-bank-armenia-2","tag-creditor","tag-profits","tag-slater"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"HSBC Bank Armenia Chief Executive Officer Tim Slater said to ARKA that the bank will close the year with profits.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"hsbc bank armenia,creditor,profits,slater\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2009\/12\/07\/4856\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.9\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"HSBC Bank Armenia to close 2009 withy profits - 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