OPENING CEREMONY OF NEW HEAD OFFICE OF HSBC BANK ARMENIA HELD IN YEREVAN
Arminfo
2007-04-04 19:48:00
The opening ceremony of the new head office of the HSBC Bank Armenia
in a high-class new building at Teryan 66 was held in Yerevan,
Wednesday. Present at the event were Head of the Central Bank of
Armenia Tigran Sargsyan, representatives of banking and business
organizations, the diplomatic corps accredited in Armenia and the
clients of the HSBC Bank Armenia.
In his speech, Chief Executive Director of the HSBC Bank Armenia
Tony Turner noted that the new head office will partially solve the
problem of high demand for the bank’s services. In this connection,
the bank is going to open three more branches in Yerevan and the
regions of the country, as well as to increase the number of bancomats
to 44. Yet, Head of CBA Tigran Sargsyan noted with humor that not only
the employees of the HSBC Bank Armenia, but also the CBA were looking
forward to the opening of the new office. He added that the HSBC’s
promises to open three more branches are not enough as "we hope that
the bank will not only continue growing in the territorial meaning, but
also actively introduce new banking services in the Armenian market".
To note, in 2006 the HSBC Bank Armenia demonstrated the highest level
of net profit – 2.856 bln AMD, or $7.9 mln. The bank holds the leading
position by the volume of mortgage credits portfolio. The bank also
showed the highest rate of banking retail growth. At the moment, $39
mln out of the $98 mln of total volume of credits are retail credits.
According to the Ranking of Armenian commercial banks prepared by
the Agency of Rating Marketing Information (ArmInfo), by January 1,
2007, the amount of the total capital of the bank was $19.8 mln
(5th position), the assets – $220.6 mln (1st position), the total
provision of crediting – $85.0 mln (3rd position). By the natural
persons’ deposits, the bank holds the 1st place – $103.4 mln.