Banks

HSBC Bank Armenia made its business greener

YEREVAN, November 9, /ARKA/. HSBC Bank Armenia cjsc said in a statement that it has pledged to sponsor planting up to 1000 trees in Yerevan to encourage its customers to opt to receive their statements electronically and for signing up to Personal Internet Banking services, thus helping to preserve the environment.

‘Continuing the good tradition of tree planting initiated in 1996, on 8 November HSBC Bank Armenia staff and their families will plant 500 trees in “Huysi Avan” residential community together with specialists from Armenia Tree Project and community members,’ the statement said.

Tree planting is only one aspect of a comprehensive “Green Bank” campaign which the Bank has initiated. Following the launch of Telephone Banking in March 2009 and Internet Banking in July 2009, the availability of electronic statements is aimed at reducing paper consumption and helping to preserve the environment.

“To further encourage our customers and community to use green channels and sign up for Telephone or Internet Banking services and switch to e-statements, today we go green with tree planting. It is also important to mention that all HSBC Armenia staff do their daily banking via direct channels, acting as role models for the community”, said Tim Slater, HSBC Bank Armenia Chief Executive Officer.

The area where the tree planting will take place was also chosen with care. “Huisi Avan” is a shelter for 76 underprivileged Armenian families, mainly refugees, with a minimum of three children. By planting decorative trees and donating much needed fruit trees, the Bank is helping to improve the lives of people in need.

HSBC Bank Armenia cjsc is a subsidiary of HSBC Bank plc. It was registered in Armenia in 1995.

HSBC Bank plc holds 70% of HSBC Bank Armenia cjsc, 30% are owned by Diaspora Armenians. In 2009 January HSBC Bank Armenia cjsc joined NASDAQ OMX Armenia.-0-

09/11/2009 09:20



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 15/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 394.48 1.86
Euro EUR 1 540.91 0.9
Russian Rоublе RUR 1 13.44 0.04

Favorable еxchange rates of banks 15/03/2010
Currency Buy Sell
USD 394
ArmBusinessBank
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Ameriabank
Ardshininvestbank
Areximbank-Gazprombank Group
“ArmSwissBank”
Euro 540
“ArmSwissBank”
546
Ameriabank
RUR 13.35
BTA Bank
13.5
ACBA-CREDIT AGRICOLE BANK
Ameriabank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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