YEREVAN, December 25. \/ARKA\/. Liabilities of HSBC Bank Armenia have grown 14.8% for nine months of this year to AMD 122.1 billion.<\/p>\n
ARKA News Agency\u2019s analysis shows that the bank\u2019s liabilities are largest in Armenian banking system.<\/p>\n
The constitute 12.21% of Armenian banks\u2019 aggregate liabilities.<\/p>\n
The bank\u2019s liabilities toward clients amounted to AMD 107.6 billion in Jan-Sept 2009 \u2013 their share in the bank\u2019s total liabilities was 88.1%.<\/p>\n
HSBC Bank Armenia is the second biggest asset holder among Armenian banks.<\/p>\n
Its assets totalled AMD 138.6 billion by late September after growing 13.7% since the beginning of the year.<\/p>\n
They make up 10.9% of Armenian banks\u2019 aggregate assets.<\/p>\n
The loans extended by HSBC Bank Armenia to clients totaled AMD 66.8 billion by late September.<\/p>\n
The bank is the second biggest lender in Armenian banking system.<\/p>\n
Loans extended to private companies constitute 56.2% of the bank\u2019s credit portfolio.<\/p>\n
HSBC Bank Armenia is also the second largest investor in securities.<\/p>\n
It invested AMD 9.2 billion in securities.<\/p>\n
ARKA News Agency\u2019s analysis also shows that the bank\u2019s undistributed profit for Jan-Sept 2009 totaled AMD 1 billion after reducing 64% from AMD 2.8 billion at the same period a year before.<\/p>\n
The bank came fourth on this indicator in ARKA News Agency\u2019s ranking.<\/p>\n
HSBC Bank Armenia ranked fifth for its total capital \u2013 AMD16.5 billion, which grew 11.1% from the beginning of this year.<\/p>\n
The bank\u2019s authorized capital grew as well.<\/p>\n
It grew 210% or by AMD 5.1 billion in Jan-Sept 2009.<\/p>\n
The bank has spent AMD 1.7 billion for the period between January and September 2009 for paying salaries.<\/p>\n
These expenses reduced 7.6% or by AMD 141 million, compared with the same a year earlier.<\/p>\n
The bank was placed third in ARKA News Agency\u2019s ranking for this indicator.<\/p>\n
HSBC Bank Armenia spent AMD 41.8 million for training its personnel, and AMD 114,900 on average for training one agent.<\/p>\n
The bank ranked second for training expenses.<\/p>\n
HSBC Bank Armenia, subsidiary of HSBC Bank Plc, was registered on September 25, 1995.<\/p>\n
HSBC Europe BV holds 70% of HSBC Bank Armenia shares. The remaining 30% belong to Wings Establishment.<\/p>\n
The bank has seven branches and 364 employees.<\/p>\n
The Banker magazine announced HSBC Bank Armenia the best bank of Armenia in 2009. ($1 = AMD 375.80). M.V. \u20130-<\/p>\n","protected":false},"excerpt":{"rendered":"
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