YEREVAN, June 26. /ARKA/. IFC, a member of the World Bank Group, with the support of the Government of Canada, is helping HSBC Bank Armenia expand its financing of renewable energy and energy efficiency projects, promoting the efficient use of resources and reducing greenhouse gas emissions, HSBC Bank Armenia reported today.

It said IFC will provide $15 million in financing to the bank, including up to $4 million from the IFC-Canada Climate Change Program. That will help the bank support hydro power plants and provide loans to small and medium enterprises interested in investing in energy efficient technologies. IFC will also provide HSBC Bank Armenia with advisory support. The initiative is expected to help Armenian companies become more resource efficient, profitable, and competitive.

“This partnership with IFC will help us take a leadership role in combating climate change,” said Astrid Clifford, HSBC Bank Armenia CEO. “We believe that the potential for development of sustainable energy finance in Armenia is significant and aim to offer our services to companies that plan to go green.”

Categories: Banks @en, General news, News, News of the hour | Comments Off on IFC, Canada, and HSBC support environmentally friendly projects in Armenia

Tags: Armenia, HSBC Bank Armenia, IFC

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Astrid Clifford, CEO of HSBC Bank Armenia, said Tuesday the bank didn’t expect a sharp decline in loan interest rates

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As reported earlier HSBC Bank Armenia cjsc held its third Trade Award official ceremony

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HSBC Bank Armenia cjsc held its third Trade Award official ceremony and announced

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The Chief Executive Officer of HSBC Bank Armenia, Astrid Clifford, urged today

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The level of Armenian economy’s dependence on U.S. Dollar

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Tags: Astrid Clifford, Banks, HSBC Bank Armenia

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STATUS branch for corporate clients of HSBC Bank Armenia opened yesterday

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HSBC Bank Armenia CJSC introduces Thursday a new package – HSBC Plus to the market, the bank’s press service reported ARKA.

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Tags: Armenia, HSBC Bank Armenia, services

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HSBC Bank Armenia said today it has summarized the results

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Some 400 employees of HSBC Bank Armenia have joined the WWF-led Earth Hour 2012 campaign encouraging households and businesses to turn off their non-essential lights for one hour, the bank’s press office reported.

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