HSBC Bank Armenia to announce best trade customers

PanARMENIAN.Net - On October 5, HSBC Bank Armenia cjsc will hold its second Trade Award official ceremony and announce its Best Trade Customers of 2010.

Five customers will each receive Trade Award Certificates and symbolic promotional gifts from Astrid Clifford, HSBC Bank Armenia Chief Executive Officer. Awards will be granted in the following categories: Best Trade Customer - International Trade Award; Best Trade Customer - Innovation Trade Award; Best Trade Customer - Best Newcomer Trade Award; Best Trade Customer - CEO's Special Award; Best Trade Customer - Grand Prix.

The bank continuously puts special emphasis on development and introduction of innovative Trade Finance solutions to enable local companies make a shift from traditional financing instruments to more comprehensive and beneficial solutions. For Armenia it is vital to encourage and support country’s import and export businesses.

“The key objectives for HSBC Trade Finance are providing high quality services with lesser expenses. Trade and Supply Chain remains at the core of HSBC Business across the globe, and Armenia is very well positioned to contribute in further success of the Group. We assess the Bank's 40% trade finance market share as a high result, but we will not stop there. In fact, we are interested in every business that crosses the borders of Armenia,” HSBC Bank Armenia Chief Executive Officer Astrid Clifford said.

In line with the strategy of positioning HSBC as the best bank for international business, this year due to HSBC’s presence in Armenia, 40 of the bank’s customers were provided with the opportunity to participate in the European Business Awards and 3 have been recognized as winners and awarded with a 'Ruban d'Honneur' prize under the category "The Chairman's Selection".

HSBC Armenia clients also had the chance to participate in a pan European "Trade Connection" event in Shanghai in June with one customer, and in the “Trade Summit” event to be held next week in Hamburg with 2 customers, HSBC press service reported.