03.04.2015 19:13
YEREVAN, April 3, /ARKA/. Armenian companies are increasingly looking overseas to achieve their growth ambitions, but need to build their knowledge and create new international connections if they are to truly capitalize on trade opportunities. These were the themes discussed at HSBC Bank Armenia’s 14th Trade Academy Event, held on April 2 in partnership with the US Embassy in Armenia, HSBC Bank Armenia said in a news release.
Speaking at the event, Thies Clemenz, Chief Executive Officer HSBC Bank Armenia cjsc, said, “In a country like Armenia it is fundamental to have a developed infrastructure for trade finance. A crucial part of that is ensuring that Armenian importers and exporters have access to the right financial education.
“With 150 years of international experience in trade we are well positioned to provide this support. Every day, we are witnessing more and more companies shifting their businesses from ‘advance payment’ structures to trade finance instruments which are more secure, less risky and more cost-effective.”
Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian businesses need to do more to take advantage of export opportunities - HSBC Bank Armenia
Tags:
Read more
