YEREVAN, October 14, /ARKA/. HSBC Bank Armenia CEO, Astrid Clifford, said today the bank has 4000 customers subscribed to its Internet baking services, while the number of customers using telephone banking service has grown to 16,000.

Speaking to a news conference she said last year the bank invested around $2.5 million in development of telephone and Internet banking services and because of it the bank does not plan to open new branches this year. Astrid Clifford said their expectations came true as the number of Internet and telephone banking customer is rising constantly.

She also said the bank’s incomes grew by 30% in the first nine months of 2010 as opposed to the same time span last year, to around 3.9 billion Drams and credit investments rose by 32% - from 63 billion AMD to 83 billion AMD.

HSBC Bank Armenia cjsc was the first international bank to open in Armenia in 1996. The bank is a joint venture between the HSBC Group, which has 70 percent ownership, and members of overseas Armenian businesses. The bank offers a wide range of products and services to individual as well as corporate customers, including personal financial services, commercial banking and treasury and capital markets services. It has 9 branches and offices in Yerevan, as well as 50 ATMs located throughout the city.

According to ARKA news agency’s data, on June 30 the bank’s total assets grew to 126.7 billion Drams, its liabilities stood at 107.9 billion Drams, the total capital was worth 18.8 billion Drams, credit investments reached 70.3 billion Drams and deposits were worth 101.9 billion Drams. In the first six month it earned 1.9 billion Drams in net profits. ($1-361.28 Drams) -0-