HSBC in Armenia
Announcement
The Central Bank of Armenia has provided preliminary approval for the sale of HSBC Bank Armenia CJSC to Ardshinbank CJSC. This follows approval from the Competition Protection Commission of Armenia, which means that all necessary regulatory approvals for the transaction are now in place.
At this stage, there will be no change to the service you receive from HSBC and no action needs to be taken. We are committed to keeping you fully informed throughout this process. If any action is required from you, we will communicate this to you in due course.
Read a letter from Irina Seylanyan, HSBC Armenia CEO, to all customers (PDF, 296KB)
Find answers to your questions (PDF, 234KB)
Please see also previous communications issued on 6 February 2024:
Read more about this in our news release (PDF, 104KB)
If you have any additional questions, please continue to contact us through your usual channels.
History
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 wholly owned subsidiary of HSBC.
Corporate Sustainability
In line with HSBC Group’s Corporate Sustainability Strategy, HSBC Armenia has implemented numerous projects and activities from the first days of its operations in the country. Please read HSBC Armenia’s 2023 Community Report (PDF, 17.12MB).
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 6 offices in Yerevan and around 300 employees, we serve around 30,000 customers through three Global Businesses: Wealth and Personal Banking, Wholesale Banking and Markets and Securities Services.
The bank has assets of AMD 291 billion as of 31 December 2023.
Read about HSBC Armenia`s performance in 2023 in the Audited Annual Report and Accounts 2023 (PDF, 4.27 MB).
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 Europe B.V. | 8 Canada Square, London, E14 5HQ, United Kingdom |
100% |
holding company |
Shareholders’ rights
Please find announcement on Shareholders’ rights here (PDF, 105KB).
Announcement
The Annual General Meeting of Shareholders of “HSBC Bank Armenia” CJSC will be held on 26 April 2024.
“HSBC Bank Armenia” CJSC
Annual remuneration details
Please find annual remuneration details (PDF, 186KB). This document is password protected. Shareholders (participants) of the company and regulatory bodies can contact us at hsbc.armenia@hsbc.com to request a password.
Total loans and other advances
Please find details of total loans and other advances (PDF, 199KB).
Persons having indirect significant participation in the charter capital of the Bank
1. Griffin International Limited
The owner of 96.77% per cent of voting shares of HSBC Europe BV - direct significant participant of the Bank. Type of activities - holding company.
2. Midcorp Limited
The company is considered to be indirect significant participant of “HSBC Bank Armenia” CJSC through Griffin International Limited.
Type of activities - holding company.
3. HSBC Bank plc
The company is considered to be indirect significant participant of “HSBC Bank Armenia” CJSC through Midcorp Limited. Type of activities - clearing bank and holding company.
Company structure and corporate governance
Organisation chart (PDF, 35KB)
Simplified structure of HSBC Group (PDF, 114KB)
State registration certificate (PDF, 12KB)
Performance evaluation criteria (PDF, 20KB)
Procedure on transactions with related parties (PDF, 14KB)
Policy Summary on Conflicts of Interest (PDF, 664KB)
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.
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Last modified: 29/08/2024 16:52