YEREVAN, September 19. /ARKA/. HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%. It said in a press release that beginning from September 2017 it has been providing financing to local businesses for the acquisition of new equipment at an interest rate of 4 percent that corresponds to international standards.

The press release says that introduction of new equipment allows local companies to strengthen their positions in the international market and be competitive in line with changing conditions. It explained that the trade financing is provided for the installment of medical, hothouse, construction, agricultural, production and other equipment.

HSBC Bank Armenia cjsc was established as a closed joint stock company under the name Midland Armenia Bank J.S.C. in 1996 and was renamed HSBC Bank Armenia cjsc in 1999. The bank is a joint venture between the HSBC Group, which has 70 per cent ownership, and members of overseas Armenian businesses with 30 per cent ownership. HSBC Armenia serves around 30,000 customers through nine offices located in Yerevan and around 420 employees. The bank has assets of AMD 215 billion as of 30 June 2017.

Categories: Banks @en, General news, News, News of the hour | Comments Off on HSBC bank offers financing for purchase of new equipment

Tags: Armenia, bank @en, HSBC Bank

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Exclusive interview of the head of trade finance department at HSBC Bank Armenia Kamo Margaryan to ARKA News Agency ARKA – Mr Margaryan, what are the trade finance instruments most demanded in the Armenian market in general and at HSBC Bank Armenia in particular? K. Margaryan – In fact, supply of trade finance instruments by […]

Categories: Banks @en, General news, Interviews, News | Comments Off on Trade finance of HSBC Bank Armenia hikes by 104% to 19.5 billion drams in first quarter

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HSBC Bank Armenia intends to become a leading trade financing bank in Armenia, Aram Pinajyan, HSBC Bank Armenia head of Commercial Banking said today during HSBC Trade Awards 2014 ceremony which the bank uses to award its best trade finance customers

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Categories: Photobank | Comments Off on "Trade Finance Academy" seminar of HSBC first held in Yerevan

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Since today HSBC Armenia will be offering a great and competitive rate for personal assistance loans and more as a one month promotion campaign for existing and new-to-bank customers

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Thirty school students from Tavush and Syunik provinces have been selected to participate in the English summer camp, organized by the HSBC Bank Armenia and the British Council that will operate in Pambak August 8-13, the bank said today in a press release.

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Tags: Armenia, BRITISH COUNCIL, HSBC Bank

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Astrid Clifford, Chief Executive Officer of HSBC Bank Armenia CJSC, said today there are some signs of stability in the Armenian market and a second wave of crisis is unlikely. As an argument in support of this forecast she cited economic growth reported by many countries in the first month of 2010.

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Ameriabank, VTB Bank (Armenia), Ardshininvestbank, Armbusinessbank and HSBC Bank Armenia leaders in ARKA News Agency’s press rating for 3rd Q 2009.

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Tags: Ameriabank, Ardshininvestbank, ARKA, Armbusinessbank, HSBC Bank, VTB Bank (Armenia)

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