ARAY named HSBC Bank Armenia’s Best Trade Customer October 5, 2011 - 13:38 AMT PanARMENIAN.Net - On October 5, HSBC Bank Armenia cjsc held the second Trade Award official ceremony to announce Best Trade Customers of 2010. Five customers received Trade Award Certificates and symbolic promotional gifts from Astrid Clifford, HSBC Bank Armenia Chief Executive Officer. ARAY company was awarded with a Grand Prix as the Best Trade Customer; Best Newcomer Trade Award went to Mancho Group; CEO's Special Award was granted to Karcomauto Group; International Trade Award went to Lia-K Group; Innovation Trade Award was granted to Ebrebouni Medical Center. HSBC 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, according to Ms. Clifford. As Aram Pinajyan, HSBC Bank Armenia Head of Commercial Banking noted, in Q3 2011, the bank provided 25% increase in commissions for trade financing services against 2010 results. The Bank’s trade financing portfolio will total approx. AMD 20 bln by the end of 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 | 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 says ready to extend nuclear plant’s lifetime by 10 years Armenia has taken necessary measures to extend the lifetime of its nuclear power plant until 2036. Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. |