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HSBC Opens Two New Branches In Yerevan

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  • HSBC Opens Two New Branches In Yerevan

    HSBC OPENS TWO NEW BRANCHES IN YEREVAN

    ARMENPRESS
    Sep 17, 2007

    YEREVAN, SEPTEMBER 17, ARMENPRESS: On Saturday prime minister Serzh
    Sarkisian and a London-based investor Watche Manoukian, Board Chairman,
    founding shareholder of HSBC Bank Armenia, inaugurated a new branch
    of the HSBC Bank in Armenian capital.

    The new branch is located in downtown at 31, Tigran Mets
    Street. Another branch was opened simultaneously in Nersisayn Street
    in Zeytoon district. Now the HSBC Armenia Bank has five branches
    in Yerevan.

    The bank plans to open five more branches in 2008 and also 15 ATM to
    have a total of 50 ATMs.

    HSBC Bank Armenia Chief Executive Office Anthony Turner said the bank
    will continue its 'aggressive 'investments in Armenia to bring here
    advanced banking technology.

    HSBC Bank Armenia was the first international bank to open in Armenia
    in 1996. The bank is a joint venture between the HSBC Group, which
    has a 70% ownership, and members of overseas Armenian businesses.

    It is one of the leading banks in the foreign exchange market. HSBC
    Bank Armenia offers a wide range of products and services to individual
    as well as corporate customers in Armenia and abroad.

    As at 30 July, 2007 the bank served 26,765 individuals, 3,529 legal
    entities and had 287 employees. The bank had assets of AMD 80,995,474
    as at June 30, 2007.
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