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HSBC Bank Armenia Announce Its Best Trade Customers Of 2009

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  • HSBC Bank Armenia Announce Its Best Trade Customers Of 2009

    HSBC BANK ARMENIA ANNOUNCE ITS BEST TRADE CUSTOMERS OF 2009

    PanARMENIAN.Net
    May 4, 2010 - 14:15 AMT 09:15 GMT

    HSBC Bank Armenia cjsc held its first Trade Award ceremony and
    announced its Best Trade Customers of 2009 on May 4, at its Yerevan
    head office. It also announced the launch of a new Trade Academy in
    Armenia, in cooperation with the SME Development National Centre.

    Five customers each received Trade Award Certificates from Stuart
    Nivison, Head of HSBC Trade and Supply Chain Europe, and a prize
    of AMD one million to be used towards trade facilities. Awards were
    granted in the following categories: Best Trade Customer; Best Trade
    Customer - Documentary Credits; Best Trade Customer - Bank Guarantees;
    Best Trade Customer - Collections and Best Trade Newcomer. The Trade
    Awards are conducted on annual basis and may be expanded in the future.

    "Across Europe and here in Armenia HSBC is focused on providing
    advice and support to companies that want to trade and invest
    internationally. These Trade Awards are an important recognition of
    success and we hope the winners help to inspire and motivate others,"
    said Stuart Nivison.

    To increase trade activity and encourage businesses to look
    internationally for opportunities, HSBC Bank Armenia has teamed up with
    the SME Development National Centre and have drawn up a statement of
    intent to work together to support trade in Armenia. The key element
    of this is the delivery of Trade Academy workshops to educate and raise
    awareness of trade related issues, and to simplify the whole end-to-end
    process for customers and businesses trading internationally.

    "In a country like Armenia it is vital to have a developed
    infrastructure for trade finance and HSBC, with its 140 years of
    trade expertise, is best positioned to deliver the required financial
    education to Armenian importers and exporters," said Aram Pinajyan,
    HSBC Bank Armenia Head of Commercial Banking.

    "In the current economic climate it is paramount to help businesses
    trade beyond national boundaries and in particular to encourage and
    support Armenia's export businesses," added Arthur Petrosyan, HSBC
    Bank Armenia Trade and Supply Chain Manager.
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