ArmInfo.Armenian Minister of Economy Vahan Kerobyan met with representatives of HSBC Bank as part of a working visit to London.
According to the press service of the Ministry of Economy, during the meeting the parties discussed the possibility of large Armenian companies entering Western capital markets and attracting investments from Western markets.
Following the meeting, an agreement was reached to continue discussions in order to find optimal solutions to the issues discussed.
This summer, Chief Financial Officer at AMX|Armenia Securities Exchange Hayk Yeganyan, on the sidelines of the annual award ceremony for the most active participants in the Armenian securities market, stated that AMX would begin cross-listing with the Warsaw Stock Exchange (WFA) within 1-2 years.
On May 24, 2022, the Board of the Central Bank of Armenia agreed to the acquisition of the Armenia Securities Exchange by the Warsaw Stock Exchange. Under this agreement, the Warsaw Stock Exchange acquired 65.03% (967 shares) of the AMX. The Central Bank retained a shareholding of 25.02% of the shares, and the remaining 9.95% was retained by the AMX.
HSBC Holdings plc is the parent company of HSBC, headquartered in London. HSBC serves customers worldwide from offices in 63 countries and regions including Europe, Asia, North America, Latin America, the Middle East and North Africa. HSBC, with assets of $2,992 billion as of September 30, 2022, is one of the world's largest banking and financial services organizations.
HSBC Bank Armenia CJSC is a subsidiary of the HSBC group, which was founded in 1996. Today the Bank employs 310 employees. In its 5 Yerevan branches, the Bank serves about 30,000 clients.
