HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for the second consecutive year and as “Best Service provider” in Euromoney’s 2022 Trade Finance Survey.
Conducted annually, Euromoney survey recognises the leading providers of Trade Finance and Services based on the votes of the customers for the presented nominations.
Head of the Global Trade and Receivables Finance department Artak Petrosyan comments: “Trade finance is the essence of HSBC’s evolution as a financial institution. During more than 25 years of operation in Armenia we have been opening up world of opportunites for the customers making international trade more efficient for them through our global reach and thousands of professionals in more than 50 markets worldwide. The fact of being nominated in Armenia as “Market Leader” and “Best Service provider” in trade finance indicates that we are recognized by the customers for our efforts in ensuring uninterrupted services during the turbulent times the world is going through.
Moreover, HSBC Group has also been named the world’s top bank for trade finance for an unprecedented fifth consecutive year in Euromoney’s 2022
“ HSBC Armenia will continue investing in trade finance solutions in the market, making sure the businesses have access to new markets and helping them to enhance their geography of trade via efficient solutions,” says Mr. Petrosyan.
About HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,969bn at 30 September 2021, HSBC is one of the world’s largest banking and financial services organisations.
HSBC in Armenia
HSBC Bank Armenia cjsc was established in 1996. The bank is a wholly owned subsidiary of HSBC Group. HSBC Armenia serves around 30 000 customers through seven offices located in Yerevan and around 310 employees. As of 30 September 2021, the Bank has assets of AMD311 billion including the ones, allocated with the mediation of the HSBC Bank plc, London. The bank is regulated by the Central Bank of Armenia.
