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HSBC Bank Armenia Admitted As Member Of NASDAQ OMX Armenia

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  • HSBC Bank Armenia Admitted As Member Of NASDAQ OMX Armenia

    HSBC BANK ARMENIA ADMITTED AS MEMBER OF NASDAQ OMX ARMENIA

    ARKA
    Fer 2, 2009

    YEREVAN, February 2. /ARKA/. Effective from January 30, 2009, HSBC
    Bank Armenia closed joint stock company was admitted as a member of
    NASDAQ OMX Armenia stock exchange. Membership status will provide
    HSBC Bank Armenia with full access to all exchange markets, including
    corporate securities, Government bonds, REPO, and foreign currency,
    NASDAQ OMX Armenia reported.

    By the end of December 2008, the bank's liabilities amounted
    to 106.3bln Drams. The bank's net profit was 3.9bln Drams in
    January-December 2008.

    Credit investments by the bank were 71.8bln Drams at December 31 2009
    as compared with 52.6bln Drams in the beginning of 2008.

    Currently the bank has 9 branches in Yerevan. HSBC Bank Armenia
    closed joint stock company was the first international bank to open
    in Armenia in 1996.

    Seventy percent of the bank's shares are owned by the HSBC Group,
    and the remaining part belongs to members of overseas Armenian
    businesses. As of the end of year 2008, the total capital of HSBC
    Bank Armenia amounted to 15.51bln Drams, and total assets exceeded
    121.8bln Drams.

    On January 27 2009 Armenian Stock Exchange open joint stock company
    was officially renamed as NASDAQ OMX Armenia open joint stock company.

    The NASDAQ OMX Group, Inc. is the world's largest exchange company. It
    delivers trading, exchange technology services across the world. With
    ov er 3,900 companies, it is number one in worldwide listings among
    major markets. NASDAQ OMX technology supports the operations of over 60
    exchanges, clearing organizations and central securities depositories
    in more than 50 countries.

    In January 2008, Nordic exchange operator OMX Group acquired 100%
    of shares of the Armenian Stock Exchange (Armex) and the Central
    Depository of Armenia (CDA). After the combination of NASDAQ and OMX
    in March 2008, Armex and CDA have become fully owned by the NASDAQ
    OMX Group, Inc.

    As of January 30 2009, 21 companies, including 13 banks were members
    of NASDAQ OMX Armenia.
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