HSBC BANK ARMENIA HOLDS TRAININGS FOR IMPORTERS AND EXPORTERS

ARKA
Aug 19, 2009

YEREVAN, August 20. /ARKA/. Representatives of thirty five importer
and exporter organizations and banks as well as students attended
trainings held by HSBC Bank Armenia.

The press office of the bank told ARKA News Agency recent research and
analysis conducted by HSBC Bank Armenia TSC indicated a low level of
structured trade finance product utilization by Armenian importers and
exporters, being about 4% of Armenia’s international trade turnover
in 2008.

"HSBC Armenia TSC specialists saw this as a challenging opportunity
to grow TSC portfolio by holding seminars on the advantages and
convenience of trade finance solutions available at HSBC to the
prospective customers through series of seminars", the press release
says.

Two seminars were organised, at Caucuses Research Resource and SME
Development National Centres , with participation of 35 companies
involved in export and import businesses, the banking industry,
as well as postgraduates.

HSBC Armenia TSC specialists introduced the tools and services which
contribute to further success and growth of trading companies. Both
Trade seminars won significant interest from the participants and
received positive coverage on TV news.

TSC Armenia will continue the initiative of providing trade education
as well as tailored solutions and professional services to its
customers, thus contributing to the growth of HS BC’s reputation and
customer base.