HSBC Bank Armenia profit this year exceeds that of previous year by 50%

22 November, 2011

The profit HSBC Bank Armenia has gained since the beginning of this year is 50% larger than that of the same period a year before, HSBC Bank Armenia CEO Astrid Clifford said Tuesday answering ARKA News Agency’s question.

According to ARKA News Agency’s data, the bank’s net profit for the first nine months of this year amounts to AMD 4.6 billion.

Clifford told journalists that as a rule, the fourth quarter is more efficient than the previous quarters. That is why, she said, the bank is expected to end this year with good financial indicators.

She, however, refrained from forecasting the banks’ year end financial indicators.

Speaking about new investment programs for the next year, Clifford said that the bank planned to open two new branches in Yerevan, but didn’t reveal details.

She said that the bank was implementing a number of large projects on debit cards and installation of cash-accepting terminals.

ARKA

Last updated on: 29/11/2011 14:00