All news related to HSBC Bank Armenia

HSBC Bank Armenia awards its Trade Finance Best Customers

15.06.2016 15:18

HSBC Bank Armenia awards its Trade Finance Best Customers

YEREVAN, June 15. /ARKA/. HSBC Bank Armenia has named today the winners of its seventh Best Trade Customers Award. Speaking at the Award giving ceremony, HSBC Bank Armenia CEO Thies Clemenz said HSBC Trade Awards have become a benchmark for performance in Armenia’s trade finance industry.
'I would like to congratulate all five of our clients who we honor today. These companies have performed impressively throughout 2015 and played an enormous role in developing their sphere of business in the country. They have demonstrated growth, international connectivity, outstanding loyalty or introduced innovative technologies,' he said.
'I would also like to thank our trade finance people for their outstanding effort and delivering HSBC network to customers. Geographic reach of HSBC network allows to bank clients on both sides of a transaction and we can help them overcome obstacles and manage risk and liquidity costs more effectively. HSBC Armenia trade specialists are uniquely positioned to be the bridge between customers around the world,' he added.
'According to HSBC’s observations of trends in the world of trade, today trade is increasingly about services – which are more likely to be transmitted over the internet than across the ocean, versus trade at the start of the 20th century when international trade would mean a steamship with crates on board.
Services – the sale and delivery of intangible products to consumers – comprise “the largest and most dynamic component” of economies around the world, according to the World Trade Organization. The sector represents about 60% of world GDP and about ‎80% of GDP in some developed markets, and is growing fast in large emerging markets such as China but also in Armenia. Growth can be seen in Armenia’s trade volumes of services like accommodation, entertainment as well as information and communication.
In the world of slow economic growth and recent industrial data showing a gloomy picture for the global economy services trade is a rare bright spot to be looked at. And we have made sure that one of today’s awards would go to a client engaged in services trade.'

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Paul Edgar appointed as new CEO of HSBC Bank Armenia

13.06.2016 12:42

Paul Edgar appointed as new CEO of HSBC Bank Armenia

Paul Edgar was appointed Chief Executive Officer Designate of HSBC Bank Armenia, succeeding Thies Clemenz, HSBC Bank Armenia said today

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HSBC Bank Armenia does not intend to leave Armenia

20.05.2016 10:53

HSBC Bank Armenia does not intend to leave Armenia

HSBC Bank Armenia has no plans to withdraw from the Armenian market, Central Bank chairman Arthur Javadyan said today

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HSBC Bank Armenia names five winners of HSBC’s best trade finance awards

08.07.2015 18:58

HSBC Bank Armenia names five winners of HSBC’s best trade finance awards

HSBC Bank Armenia held a special ceremony today to name winners of HSBC’s Best Trade Finance Awards, presented annually for the sixth year in a row now

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Armenian businesses need to do more to take advantage of export opportunities - HSBC Bank Armenia

03.04.2015 19:13

Armenian businesses need to do more to take advantage of export opportunities -  HSBC Bank Armenia

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 […]

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HSBC Bank Armenia launches mobile banking application

28.11.2014 16:04

HSBC Bank Armenia launches mobile banking application

HSBC Bank Armenia has launched today the Mobile Banking application, which is available both to individual and corporate clients, Chief Executive Officer, Thies Clemenz, said at the presentation

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EBRD provides $10 million loan to HSBC Bank Armenia for financing energy efficiency projects

09.07.2014 20:01

EBRD provides $10 million loan to HSBC Bank Armenia for financing energy efficiency projects

HSBC Bank Armenia and the European Bank for Reconstruction and Development (EBRD) signed July 4 a loan agreement in the amount of $10 million for the production of renewable energy in Armenia’s residential and industrial sectors

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HSBC Bank Armenia first to offer 24-hour cash-in service in Armenian market

12.02.2014 12:36

HSBC Bank Armenia first to offer 24-hour cash-in service in Armenian market

YEREVAN, February 12. /ARKA/. HSBC Bank Armenia cjsc is introducing a new cash deposit service for its clients, the bank’s press office reported. The new service will be the first in the market allowing customers to instantly deposit cash into their bank account, says the report. From now on HSBC Bank Armenia clients can deposit […]

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Global economic growth 2.6% in 2014: HSBC projection

15.01.2014 16:18

Global economic growth 2.6% in 2014: HSBC projection

Global economy growth will be 2.6% in 2014, a bit higher than in 2013 (2%), says HSBC’s projection

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Imports financing by HSBC Bank Armenia rose to 20bln drams in nine months

18.10.2013 16:56

Imports financing by HSBC Bank Armenia rose to 20bln drams in nine months

Trade financing by HSBC Bank Armenia amounted to 20 billion drams in the nine months of 2013, an increase of 31% against the year before, head of the bank’s trade financing Kamo Margaryan told reporters at the 8th trade financing academy Friday

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