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HSBC Bank Armenia Made Its Business Greener

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  • HSBC Bank Armenia Made Its Business Greener

    HSBC BANK ARMENIA MADE ITS BUSINESS GREENER

    ARKA
    Nov 9, 2009

    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.
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