Euromoney names HSBC best bank in Armenia

PanARMENIAN.Net - HSBC Bank Armenia cjsc has been named Best Bank in Armenia at this year's Euromoney Awards for Excellence. HSBC Group also received four global awards as well as twenty regional and country awards in different categories. The award ceremony took place in London on Thursday, July 11.

Euromoney said, “HSBC trounced its larger rivals in Armenia, giving the sector’s best pre-tax and return on equity result. The corporate franchise remained the primary driver of expansion, but HSBC also gained ground in the valuable premium retail sector.”

These awards recognize institutions that demonstrate leadership in their markets, bringing to their customers the highest levels of services, innovation and expertise. HSBC Group’s awards include Best Global Emerging Market Investment Bank, Best Global Emerging Market Debt House, Best Global Risk Adviser and Best Global Transaction Banking House.

Thies Clemenz, HSBC Bank Armenia Chief Executive Officer, said: “It is a great privilege to receive this award for the second time, which is testimony to another successful year of HSBC in Armenia. We are committed to supporting the growth of Armenia’s economy and banking sector by playing a leading role in this industry.”