Thursday, May 10 2012 14:43
HSBC Bank Armenia Opens Its Ninth - Status Branch
ArmInfo. On May 9 HSBC Bank Armenia has held a ribbon-cutting ceremony for its new HSBC STATUS branch at 4/1 Baghramyan Avenue, with the promise that each customer will receive best in class banking service through fully trained and accredited dedicated relationship managers.
Chairman of HSBC Armenia Board of Directors Vache Manukyan, Minister of Finance Vache Gabrielyan, Vice Chairman of the Armenian Central Bank Nerses Yeritsyan and VIP customers attended the opening ceremony.
The branch will be available to all customers who place savings or investments worth at least AMD 20 million with the bank. STATUS customers are automatically granted with World Black Edition Master Cards and free Concierge services.
"We are strategically expanding our branch network, and this time we have focused on STATUS customers, who have made a significant contribution to the bank's success in recent years. The branch has been carefully designed to meet the specific banking requirements of this discerning group of customers. We were very pleased that our Chairman and board of directors were able to join us for the ribbon-cutting ceremony today, on this very symbolic day for Armenia" - HSBC Bank Armenia Chief Executive Officer Astrid Clifford said.
With the new Status branch, HSBC will have nine branches located in different districts of Yerevan, and more than 50 ATMs spread all over the city.
A. Clifford said that HSBC Bank Armenia is expected to open the 10th branch in Yerevan in 2012 and branches in the regions in 2013. She said that due to an exclusive contract, starting June 2012 STATUS-customers will get an oportunity to use World Balck Edition MAster Card free of charge. In addition, the branch will provide Global concierge service and Status-package services no preferential terms.
HSBC Europe B.V. holds 70% stake in the bank amd Wings Establishment - 30%. The Yerevan office opened with 18 staff and under 100 clients. HSBC Bank Armenia cjsc today has more than 35 thousand individual and almost five thousand corporate customers and employs 398 employees at nine branches and offices in Yerevan. The bank has one of the largest networks of more than 50 ATMs located throughout Yerevan. HSBC in Armenia has grown assets from five million US dollars in 1996 to just 464 million US dollars today.
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