HSBC in Armenia

The bank was established as a closed joint stock company under the name Midland Armenia Bank J.S.C. in 1996 and was renamed HSBC Bank Armenia cjsc in 1999. The bank is a joint venture between the HSBC Group, which has 70 per cent ownership, and members of overseas Armenian businesses with 30 per cent ownership.

Who we are and what we do

HSBC is one of the world’s leading international banks, with operations in 73 countries and territories and about 266,000 employees. Throughout its history HSBC has been where the growth is, connecting customers to opportunities. We enable businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions. This is our role and purpose.

Management team

Find out about our management team in Armenia.

Our mission and purpose in Armenia

HSBC Armenia is one of the country's leading banks. With 10 offices in Yerevan and around 383 employees, we serve around 36,000 customers through three Global Businesses: Retail Banking and Wealth Management, Commercial Banking and Global Banking and Markets.

The bank has assets of AMD306,609,112,000 as at 31 December 2014 and is one of the leading banks in the foreign exchange market in Armenia.

Read about HSBC Armenia’s performance last year in the Audited Annual Report and Accounts 2014 (PDF, 1.3MB).

Financial information

Find details of annual statements and dividend payments on the Financial information page.

Regulatory information

For a list of the main legal acts regulating the provision of services, go to Regulatory information.

Shareholders of HSBC Bank Armenia cjsc

Name of the shareholder Address Size of shareholding Activity
HSBC Bank plc 8 Canada Square, London, 
E14 5HQ, United Kingdom

Clearing bank and holding company

The company is considered to be indirect significant participant of HSBC Bank Armenia cjsc through HSBC Europe BV.

Wings Establishment Landstrasse 99, FL9494 Schaan, Liechtenstein 30% Management and investment of own assets

Annual remuneration details

Please find annual remuneration details (PDF, 17KB). This document is password protected. Shareholders (participants) of the company and regulatory bodies can contact us at to request a password.

Total loans and other advances

Please find details of total loans and other advances (PDF, 40KB).

Persons having indirect significant participation in the charter capital of the Bank

1. Griffin International Limited

The owner of 74.79% per cent of shares of HSBC Europe BV - direct significant participant of the Bank. Type of activities - holding company.

2. HSBC Holdings plc

The company has a possibility to predetermine the decisions of HSBC Europe BV - direct significant participant of the Bank. Type of activities - holding company.

3. Watche Manoukian

Mr. Manoukian has a possibility to predetermine the decisions of Wings Establishment - direct significant participant of the Bank. He is a London-based investor, commercial developer, philanthropist of international repute.

Company structure and corporate governance

Organisation chart (PDF, 60KB)

Simplified structure of HSBC Group (PDF, 20KB)

Charter (PDF, 198KB)

License (PDF, 162KB)

State Registry Certificate (PDF, 106KB)

Performance evaluation criteria (PDF, 20KB)

Procedure on transactions with related parties (PDF, 14KB)

General nature of intragroup transactions and investments

As a member of HSBC Group our bank is closely cooperating with other banks and financial institutions within the Group aiming to provide various and high quality services to our customers.

The main directions of intragroup transactions conducted by the bank are:

  • Opening and maintaining correspondent accounts
  • Interbank foreign exchange transactions
  • Providing and receiving interbank loans and deposit

For details about HSBC’s global operations, Group board members and financial results, go to our corporate website . Please note that this is English only.

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last modified: 02/09/2015 21:36