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  • British HSBC Bank Best In World

    BRITISH HSBC BANK BEST IN WORLD

    Noyan Tapan
    http://www.nt.am/news.php?shownews=116227
    Au gust 1, 2008

    YEREVAN, AUGUST 1, NOYAN TAPAN. HSBC Bank has risen from third to first
    place on the list of best thousand banks of the world, according to
    the results of the annual study of The Banker magazine. Since 1999,
    HSBC has been the first non-American orhanization to top that list
    by the indices of its overall capital and pre-tax profit which were
    record ones last year.

    To recap, in April HSBC also topped Forbes' list of biggest 2,000
    companies of the world. It became the first non-American organization
    to reach such success and to succeed in ensuring 26% growth of annual
    incomes and 31% growth of net profit in the past 5 years.

    HSBC Holding services over 128 million customers through its 10
    thousand offices located in about 84 countries in Europe, Asia, Pacific
    region, North and South America, the Middle East. HSBC's assets made
    2 trillion 354 billion USD as of December 31, 2007. The bank is one of
    the biggest companies of banking and financial services of the world.

    HSBC Bank Armenia also registered record indices in 2007. That year
    the bank's assets grew by 30% and made 104 billion drams (about 337.4
    million USD) and by this index the bank took a leading place among 22
    commercial banks of Armenia. Crediting grew by 70%, incomes - by 24%
    and made 9.16 billion drams in late 2007, while after-tax profit grew
    by 5.4% and made 3.3 billion drams.

    The share of HSBC Bank Armenia made 32% in the country's mortgage
    market and 26% in the deposit attraction market. Among the bank's
    customers are 40 thousand natural persons and 3.6 thousand legal
    entities.
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