HSBC Armenia celebrates 15th anniversaryJune 7, 2011 - 11:10 AMT PanARMENIAN.Net - Fifteen years ago HSBC opened for business in Armenia, becoming the first international bank to operate in the country. Last week of May, HSBC Armenia marked this occasion with a celebration at the 7th century temple of Zvartnots, with the participation of Prime Minister Tigran Sargsyan, Government and Central Bank officials, HSBC clients and HSBC Group and local staff, the Bank’s press office reported. The Prime Minister, Tigran Sargsyan, said it was hard to overestimate the importance of the courageous step taken by HSBC in the mid-90s, when Armenia was facing an economic, political, financial and social crisis. It was a step that gave confidence towards the country’s future and attracted other investors to Armenia. “The government of Armenia will do everything to create a favorable environment for investors in the country as well as for HSBC, to prosper further for the benefit of people in Armenia and its stakeholders,” PM Sargsyan said. Peter Boyles, Chief Executive Officer HSBC Continental Europe said that HSBC Armenia is an example of building a strong business within a short space of time through purely organic means. “I want to assure the Armenian government, the Central Bank and clients that HSBC will remain absolutely committed to Armenia. One of the initiatives we will be very keen to expend on is to connect Armenian people all over the world to our business here,” Mr. Boyles said. 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |