Tuesday, September 19 2017 17:44
Karine Melikyan

HSBC Armenia Bank offers companies when importing equipment to use financing at 4% per annum with a grace period of up to 5 years

HSBC Armenia Bank offers companies when importing equipment to use  financing at 4% per annum with a grace period of up to 5 years

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).

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