YEREVAN, July 10, /ARKA/. Today HSBC Bank Armenia awarded its best trade finance customers of 2012. The five selected companies demonstrated success, achieved tangible results and expanded internationally by making use of HSBC geographic footprint covering more than 80 countries in 5 continents and the bank’s r innovative, forward looking trade finance solutions.

The Best Trade Customer Grand Prix was awarded to Euroterm CJSC. The company was founded in 1998. One of its major activities is import, sale and installation of heating systems. It also owns Noyan brand of juices, drinks and vegetable and fruit preserves.

The innovative wine and cognac production plant founder Golden Grape Armas LLC got the CEO's Special Award. The company was founded in 2009.

The Best Newcomer Trade Award went to Mentor Graphics. It has been present in Armenia since 2002 and is a leader in the field of electronic design and software production for automated systems.
The Innovative Trade Award was granted to Piralyan company dealing with imports of footwear and clothes and Alfa Pet LLC won the International Trade Award.

“HSBC Trade Awards is an opportunity to showcase our customers, their achievements and success in today’s international trade world. It also demonstrates HSBC’s strategy and commitment to be acknowledged as the world’s international bank. In HSBC, we aim to connect customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfill their hopes and realize their ambitions.

Trade has always been at the heart of our business - when HSBC started its voyage in 1865 and when it financed commerce between Europe, North America and Asia. Today, HSBC is a leading international trade bank, with 10% market share in terms of revenue.

HSBC’s competitive advantage is its international connectivity. We cover 77% of global trade volumes via HSBC’s geographic footprint. Our trade and receivables experts work with colleagues across the world, helping customers to make the most of opportunities in both established and emerging markets,” HSBC Bank Armenia CEO Thies Clemenz said.

HSBC Bank was named the best trade finance bank in the world in 2012 by the London-based Global Trade Review magazine for the fifth time in a row and the best trade finance bank for the 12th time by the Global Finance magazine.

HSBC Bank Armenia is part of "HSBC Bank plc. Seventy percent of it is owned by HSBC Europe BV and 30% is held by Wings Establishment. -0-