  HSBC Bank Armenia to resume AMD consumer lending soon October 14, 2010 - 12:36 AMT PanARMENIAN.Net - HSBC Bank Armenia revenues totaled AMD 3.9 billion in January-September 2010. “Given the dram devaluation, the profit markup is 30% while the net financial index is 200% compared to the same period in 2009. Credit investments increased 32%, amounting to AMD 83 billion against 63 billion last year,” said Irina Seylanyan, deputy CEO of HSBC Bank Armenia. For her part, HSBC Bank Armenia CEO Astrid Clifford noted that a large number of banks suspended consumer lending due to AMD low liquidity and high credit risks. “At the beginning of the year, we resumed lending to legal entities and mortgage lending for physical persons. AMD consumer lending will be resumed soon,” she 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 |  Latest news U.S. warns Georgia not to side with Moscow against the west  Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow.Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for childrenMoscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said.Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |
