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HSBC Bank Armenia Secures Highest Level of Assets on July 1 2007

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  • HSBC Bank Armenia Secures Highest Level of Assets on July 1 2007

    HSBC Bank Armenia Secures Highest Level of Assets on July 1 2007


    arminfo
    2007-07-06 17:58:00

    HSBC Bank Armenia secures the highest level of assets - 80.995 bln AMD
    or $237.6 mln - as of July 1 2007, HSBC Bank Armenia told Arminfo. The
    indicator grew by 13.3% as compared to the same period of 2006 and by
    1% over the first half of 2007.

    The source reports that the total capital of the bank was increased to
    9.368 bln AMD ($27.5 mln) on July 1 2007. The growth over the first
    half of 2007 was 29.8% and 29% as compared to the same period of 2006.
    HSBC Bank Armenia liabilities decreased by 1.9% over the first half of
    2007 and by 11.5% as compared to the same period of 2006 and amounted
    to 71.627 bln AMD or $210.1mln or $210.1 mln.

    According to the data of the Ranking of Commercial Banks of Armenia
    prepared by the Agency of Rating Marketing Information (ArmInfo), HSBC
    Bank Armenia Assets totaled $221.6 mln on April 1 2007 (the 1st
    position in the banking system of Armenia), liabilities totaled $198.6
    mln (the 1st position), and total capital amounted to $22.9 mln (the 5t
    position).
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