YEREVAN, November 23, /ARKA/. An Armenian company, “Byurakn”, has been recognised as overall winner under the “Chairman’s Selection” category of the European Business Awards, which were sponsored by HSBC for the second year, HSBC Bank Armenia said today in a press release.

It said during a gala presentation ceremony that took place in Barcelona last night, heads of state, leading industrialists, entrepreneurs, business leaders, media owners and academics from across 30 European nations gathered for the announcement of this year’s 11 award winners.

In 28 July Byurakn LLC along with AUM LTD amd Manana Grain LLC was selected to receive a ‘Ruban d’Honneur’ prize, enabling them to join 111 businesses from over 30 countries to compete in the final round of the competition in Barcelona, and the chance to win an award in one of 11 categories.

Astrid Clifford, HSBC Bank Armenia Chief Executive Officer commented: “I am delighted that one of our customers has received this highest accolade in one of Europe’s toughest business competitions. Hopefully, this will encourage Armenian businesses to deepen their relations with Europe”.

The European Business Awards program serves three purposes for the European business community: It provides examples for the business community to aspire to, it t celebrates and endorses individual’s and organization’s success, it provides case studies and content for learning from these exceptional organizations.

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,598bn at 31 March 2011, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.

HSBC Bank Armenia cjsc, 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. HSBC Bank Armenia cjsc today has more than 33 thousand individual and five thousand corporate customers and employs 384 employees at eight branches and offices in Yerevan. The bank has one of the largest network of more than 50 ATMs located throughout Yerevan. –0--