ArmInfo. HSBC Bank Armenia since September this year. offers local companies, when importing equipment, financing at 4% per annum with a grace period of up to 5 years. Under these conditions of trade financing, imports of medical, greenhouse, construction, agricultural equipment, production pipelines, etc. fall, the press service of the Bank told ArmInfo.
"Being the largest bank in the trade finance market with a coverage of 90%, HSBC is clearly aware of the importance of helping local companies to organize international trade and minimize risks in a changing business environment." Imported modern equipment allows local companies to improve product quality, become competitive and establish themselves international market, "said Head of Trade Finance Department of HSBC Bank Armenia Artak Petrosyan, recalling that HSBC, acting on the market of trade finance tions since 1865, plays an important role in the formation and organization of international trade. According to him, local importers can use the services of experts on trade financing of HSBC Group in 67 countries. "As soon as your business goes beyond Armenia, HSBC Bank provides you with partner support abroad," Petrosyan said. It is worth noting that on September 15-17 this year. HSBC Bank Armenia presented its trade finance services at the exhibition under the slogan "Europe in Armenia Expo". Within the framework of the exhibition, the Bank had an opportunity to discuss with the EU countries, local businessmen and companies the prospects of partnership for development trade. Note that the headquarters of HSBC Holding, the parent structure of HSBC, is located in London. The group is represented through its more than 3,900 offices in 67 countries in Europe, Asia, North and Latin America, the Middle East and North Africa. HSBC is one of the largest and most powerful financial groups in the world. HSBC's assets as of April 1, 2017 amounted to $ 2.416 billion. The authoritative British edition of Euromoney in July 2017 recognized HSBC as the best bank in the world, honoring the "Superiority of 2017" award - the most prestigious nomination in the sphere of financial services. At the same time, HSBC was awarded the title of "Best Investment Bank of the World in Emerging Markets", and also won the title of the winner in 9 other regional and national nominations: "The Best Bank in Western Europe in the Sphere of Finance", .
To recall, "HSBC Bank Armenia" CJSC, a member of HSBC Group Bank plc, registered by the Central Bank of Armenia on June 20, 1995. The shareholders of the bank are HSBC Europe BV with 70% equity interest and 30% Wings Establishment. As of July 1, 2017, the bank's assets are 215 billion AMD ($ 444.7 million).