- Article
- Managing Cash Flow
- Make & Receive Payments
HSBC Armenia Named Best Cash Management Bank by 2021 Euromoney Cash Management Survey
For the fourth consecutive year, HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been recognised as Market Leader by Euromoney Cash Management Survey 2021, the benchmark survey for the global cash management industry.
Conducted annually, the Euromoney Cash Management Survey identifies the leading providers of cash management products and services.
Vardan Shahbazyan, Head of Global Payments Solutions Department comments: “HSBC Armenia has adopted a strategy of delivering simpler digital solutions and automation in transaction banking. The survey results represent our customers’ trust and support to this strategy”.
This year HSBC Holdings plc as well has been named #1 Global Market Leader and #1 Global Customer Service Provider. The results of the survey confirm HSBC’s leading position in transactional banking both locally and globally.
“We are grateful to our customers for their constant encouragement and endorsement, and we remain committed to delivering the world’s best banking innovations and practices to the local market”, said Vardan Shahbazyan.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,969bn at 30 September 2021, 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 seven offices located in Yerevan and around 310 employees. As of 30 September 2021, the Bank has assets of AMD311 billion including the ones, allocated with the mediation of the HSBC Bank plc, London. The bank is regulated by the Central Bank of Armenia.
