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  • Archive for March 5th, 2010

    Second wave of crisis in Armenia unlikely, HSBC Bank CEO

    Friday, March 5th, 2010

    Astrid Clifford, Chief Executive Officer of HSBC Bank Armenia CJSC, said today there are some signs of stability in the Armenian market and a second wave of crisis is unlikely. As an argument in support of this forecast she cited economic growth reported by many countries in the first month of 2010.

    Armenian Ameriabank plans to distribute $25 million of loans to finance renewable energy projects

    Friday, March 5th, 2010

    Armenian Ameriabank plans to distribute $25 million of loans in the first half of 2010 within the frameworks of renewable energy projects signed with International Financial Corporation (IFC), FMO and DEG, Artak Hanesyan, Ameribank CEO told Thursday.

    HSBC Bank Armenia plans to offer special privileged banking services to representatives of Armenian diaspora

    Friday, March 5th, 2010

    Astrid Clifford, Chief Executive Officer of HSBC Bank Armenia cjsc, said today the bank plans to offer special privileged banking services to representatives of the Armenian Diaspora. She said a similar pilot project was implemented in 2009 with Russia.

    HSBC Bank Armenia closes 2009 with amd 2.6 billion pre-tax profit

    Friday, March 5th, 2010

    HSBC Bank Armenia closed 2009 with AMD 2.6 billion pre-tax profit, 48 per cent below the comparable figure for 2008, Gevork Tarumian, financial director of HSBC Bank Armenia, told journalists Friday.