- Article
- Sustainability
- General Sustainability
A new cooperation agreement between HSBC Bank Armenia and the European Bank for Reconstruction and Development
HSBC Bank Armenia (hereinafter HSBC Armenia) and European Bank for Reconstruction and Development (hereinafter EBRD) signed a Risk Sharing Framework (RSF) Agreement to expand local enterprises access to funding. Within the framework of the agreement signed by Francis Malige, the EBRD Managing Director, Financial Institutions and Irina Seylanyan, the Chief Executive Officer of HSBC Bank Armenia, EBRD will co-finance individual loans provided by HSBC Armenia to eligible borrowers.
“This partnership marks a new chapter in our longstanding relationship with EBRD. Through this collaboration we look forward to further enhancing our financing opportunities for local businesses.” said Irina Seylanyan, the Chief Executive Officer of HSBC Bank Armenia.
The RSF is one of three core financing frameworks of the EBRD’s Small Business Initiative a programme dedicated to supporting and developing local private companies.
HSBC Bank Armenia one of the key partner banks of EBRD in Armenia with the cooperation particularly focused on supporting investments in sustainable energy. The bank has distinguished itself as a leading provider of corporate and investment banking services in Armenia.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 71 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well governed, green, resilient and integrated. Follow us on the web, Facebook, LinkedIn, Instagram, X and YouTube.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories․ With assets of US$3,021billion at 30 September 2023, HSBC is one of the world’s largest banking and financial services organisations.
HSBC in Armenia
HSBC Bank Armenia CJSC was established in 1996. The bank is a wholly owned subsidiary of HSBC Group. HSBC Armenia serves around 30 000 customers through six offices located in Yerevan and around 310 employees. As of 30 September 2023, the Bank has assets of AMD334 billion including the ones, allocated with the mediation of the HSBC Bank plc, London. The bank is regulated by the Central Bank of Armenia.
