YEREVAN, August 12. /ARKA/. HSBC Bank Armenia by the results of the 1st half years of 2011 paid 1 billion 942 million drams to the state budget taking the 14th place among 1000 large taxpayers of Armenia.

Paying taxes over 1.9 billion drams the bank became one of the largest banks of Armenia. The volume of paid taxes by the bank increased by 192% compared to the last year.

This year direct taxes paid by HSBC Bank Armenia were 1.7 billion drams (growth by 249%). The Bank occupied the 5th place by this indicator in the list of the largest taxpayers. This indicator evidences about the higher level of profitability compared to the last year.

HSBC Bank Armenia cjsc is the member of the group of “HSBC Bank plc” registered on September 25, 1995. The holding company “HSBC Europe BV” possesses 70% of portfolio of shares of HSBC Bank Armenia and 30% belongs to “Wings Establishment”.Since the end of January 2009, CJSC “HSBC Bank Armenia” is the member of NASDAQ OMX Armenia. ($ - 368.52 drams). –0--