  HSBC Bank Armenia ensures 53% growth of trade finance December 6, 2012 - 13:40 AMT PanARMENIAN.Net - HSBC Bank Armenia CJSC ensured 53% growth of trade finance (AMD 25 bln) in January-October 2012 as compared with the same period of 2011. The use of trade finance tools enables the clients of HSBC Bank Armenia to reduce financial costs by about 60% and the risks due to the bank’s vast experience. “We continue assisting Armenian companies that benefit from trade finance tools, promoting their participation in international conferences,” Thies Clemenz, Chief Executive Officer HSBC Bank Armenia CJSC said. Already 5 Armenian companies have attended the International Exchange conference, organized by HSBC Commercial Banking. As finance director of Manana Grain LLC Armen Manukyan noted, the event helped the company establish new partnership ties. Founder of Lia-K Group LLC, Hayrapet Karapetyan, in turn, said that Shanghai conference helped him share experiences and get necessary information on international trade.   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 Surveying works underway in Armenia’s Kirants  Surveying works are underway in the Armenian village of Kirants in the northern Tavush province.Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes.Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar.Pillars installed in Armenian border village of Kirants In the Armenian village of Kirants, three border markers have been installed, and border guards stand next to them. |
