HSBC Bank Armenia CEO Says Investment Climate In Armenia Slowly Improving

19 September, 2011

HSBC Bank Armenia CEO, Astrid Clifford, said today the investment climate in Armenia is slowly and progressively improving. Speaking at a news conference she said HSBC Bank Armenia was making progress from the first year of its inception in Armenia.

“In particular, the return on our assets now stands at 6%, return on equity is at 22%,” she said, adding that these figures are quite high in the context of international standards.

Clifford said the bank is working now on two major projects, one is introduction of multifunctional ATMs and the second is a debit card project. She said the bank will implement this year several investment programs and open two new branches in 2012.

ARKA

Last updated on: 15/11/2011 14:00