Armenian Prime Minister: Armenian Government To Continue Supporting

ARMENIAN PRIME MINISTER: ARMENIAN GOVERNMENT TO CONTINUE SUPPORTING ‘HSBC BANK ARMENIA’

ArmInfo
2007-09-17 11:19:00

Armenian government is ready to continue supporting ‘HSBC Bank Armenia’
activity so that for its part the bank promotes development of the
economy of the republic, Armenian Prime Minister Serzh Sarkisyan said
at the opening ceremony of the two new branches of ‘HSBC Bank Armenia’
– ‘Tigran Mets’ and ‘Zeytun’.

He also added that HSBC Bank is the first serious international bank
that entered the Armenian market. Sarkisyan emphasized that ‘HSBC
Bank Armenia’ contributed much in today’s stability in the banking
sector of the country.

For his part, chairman of the Armenian Central Bank Tigran Sarkisyan
said that opening of the new branches of ‘HSBC Bank Armenia’ is of
a great significance for Armenia. ‘Today there are 300 branches in
the banking system of Armenia. Opening of every new branch of ‘HSBC
Bank Armenia’ plays a significant part for the country, as this bank
success is success of our country’, – he emphasized.

The chief executive director of ‘HSBC Bank Armenia’ Antony Turner added
that in 2008 ‘HSBC Bank Armenia’ is going to open 5 new branches,
including in Vanadzor, Gyumri and probably in Kadzaran, leading the
number of its branches up to 10. He said that in 2008 the bank is
going to open additional mini-branches and to increase the number
of bancomats by 15 new ones. In that case their number will reach
50. ‘Serious investments of HSBC group in Armenia are conditioned by
the fact that we trust in this country, its economy, the authorities
of the republic, its legislation and the educated and industrious
people’, – Turner emphasized.