HSBC Bank Armenia announce its Best Trade Customers of 2009

PanARMENIAN.Net - HSBC Bank Armenia cjsc held its first Trade Award ceremony and announced its Best Trade Customers of 2009 on May 4, at its Yerevan head office. It also announced the launch of a new Trade Academy in Armenia, in cooperation with the SME Development National Centre.

Five customers each received Trade Award Certificates from Stuart Nivison, Head of HSBC Trade and Supply Chain Europe, and a prize of AMD one million to be used towards trade facilities. Awards were granted in the following categories: Best Trade Customer; Best Trade Customer - Documentary Credits; Best Trade Customer - Bank Guarantees; Best Trade Customer – Collections and Best Trade Newcomer. The Trade Awards are conducted on annual basis and may be expanded in the future.

“Across Europe and here in Armenia HSBC is focused on providing advice and support to companies that want to trade and invest internationally. These Trade Awards are an important recognition of success and we hope the winners help to inspire and motivate others,” said Stuart Nivison.

To increase trade activity and encourage businesses to look internationally for opportunities, HSBC Bank Armenia has teamed up with the SME Development National Centre and have drawn up a statement of intent to work together to support trade in Armenia. The key element of this is the delivery of Trade Academy workshops to educate and raise awareness of trade related issues, and to simplify the whole end-to-end process for customers and businesses trading internationally.

“In a country like Armenia it is vital to have a developed infrastructure for trade finance and HSBC, with its 140 years of trade expertise, is best positioned to deliver the required financial education to Armenian importers and exporters,” said Aram Pinajyan, HSBC Bank Armenia Head of Commercial Banking.

“In the current economic climate it is paramount to help businesses trade beyond national boundaries and in particular to encourage and support Armenia’s export businesses,” added Arthur Petrosyan, HSBC Bank Armenia Trade and Supply Chain Manager.