Important notice on AMD Base Rate change
Effective from December 1, 2017

Important notice on AMD Base Rate change
Effective from December 1, 2017

Dear Customer,

We would like to inform you that “HSBC Bank Armenia” CJSC (hereinafter the Bank) on 24.10.2017 has reviewed and has decreased the Bank Base Rate for AMD by 1% (one percentage) point. As a result of review, the interest rates of the services provided by the Bank with floating rate have been changed:

  • The current floating interest rate of the existing loans in AMD has decreased by 1% (one percentage) point.
  • The current interest rate of the existing cumulative deposits in AMD has decreased by 1% (one percentage) point.

In this regard, we wanted to let you know that in case you would like to terminate your AMD cumulative term deposits before 30th of November 2017, we will fully repay the interest accumulated as at deposit termination date, after deducting the taxes stipulated by the legislation of Armenia.

The information on amended interest rates and/or APR for consumer credits/mortgage loans together with new repayment schedules, which have been changed as a result of Bank Base Rate amendment, will be provided additionally to respective individual customers within the deadlines as stipulated by RA legislation.

Please find enclosed respective information on Bank Base Rate.

The amended Bank Base Rate is effective from December 1, 2017.

If you have any questions

Please call us on +374 60 655 000 or come to any HSBC Bank Armenia branch.

Thank you for banking with us.

Regards,
HSBC Bank Armenia cjsc


Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 07/11/2017 15:00