HSBC Bank Armenia trade finance market share totals 40% September 19, 2011 - 16:06 AMT PanARMENIAN.Net - HSBC Bank Armenia Chief Executive Officer assessed the Bank's 40% trade finance market share as a high result, considering the number of commercial banks (22) in Armenia. At news conference in Yerevan, Astrid Clifford characterized trade financing as a priority direction with HSBC, with the Bank aiming its efforts at expansion of trade financing activities. As Ms. Clifford further reminded, 3 Armenian companies have been awarded a ‘Ruban d’Honneur’ prize under the category "The Chairman's Selection" in the penultimate stage of the European Business Awards, sponsored by HSBC. Successful companies include AUM LTD, Byurakn LLC and Manana Grain LLC representing the crème de la crème of Armenia’s business. 100 of Europe’s most dynamic businesses have survived intensive and rigorous judging to make it onto the finalists list. With victory in their sights they now have a chance to be crowned as one of ten overall category winners in the Awards. ‘Ruban d’Honneur’ winners in each of the categories will be announced at the Awards ceremony in Barcelona on 22nd November 2011. 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 | 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. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |