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HSBC Armenia Bank To Spend $1 Million In 2010 For Issuing 20,000 Deb

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  • HSBC Armenia Bank To Spend $1 Million In 2010 For Issuing 20,000 Deb

    HSBC ARMENIA BANK TO SPEND $1 MILLION IN 2010 FOR ISSUING 20,000 DEBIT CARDS

    /ARKA/
    September 16, 2009
    YEREVAN

    YEREVAN, September 16, /ARKA/. HSBC Armenia Bank chief executive
    officer Tim Slater said Tuesday that the Bank will invest $ 1 million
    next year to issue 20,000 debit cards.

    "Next year our major investments will be in credit cards,' he said
    at a news conference Tuesday, adding that HSBC Armenia did not plan
    introduction of new services in 2010.

    "We believe that our branches, ATMs, telephone services and Internet
    banking are what we need to offer our customers today, " he said.

    HSBC Bnak Armenia is a subsidiary of HSBC Bank plc. It was registered
    in Armenia in 1995.

    HSBC Bank plc holds 70% of HSBC Bank Armenia; 30% are owned by
    Diaspora Armenians. HSBC Bank Armenia joined NASDAQ OMX Armenia in
    2009 January.
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