  HSBC Bank Armenia increased size of its corporate loan book by AMD 24.5bln November 19, 2010 - 12:18 AMT PanARMENIAN.Net - HSBC Bank Armenia increased the size of its corporate loan book by AMD 24.5bln in the first 9 months of the current year. This represented a 66% increase in the size of the commercial loan book, to AMD 61.6bln as at 30 September 2010. This was the highest growth in commercial lending recorded by any bank, and comprised 24% of the total increase in the market. "This is a major achievement and has been driven by the increased opportunities for quality lending in Armenia and the excellent service provided by our relationship managers. We hope to maintain this strong position during the remaining months of 2010 as well as next year," said Astrid Clifford, Chief Executive Officer of HSBC Bank Armenia cjsc.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Biden honors resilience of Armenian people on April 24  U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |
