Yerevan/Mediamax/. Today, “HSBC Bank Armenia” awarded its best customers, who use trade financing tools.

Mediamax reports that HSBC Group Head of Trade and Supply Chain for Europe Stuart Nivison presented diplomas to five best customer of the bank in Yerevan today. The winners will also receive 1mln AMD each as a gift from the bank for further use of trade financing tools.

The awards were presented in the following nominations: “Best Customer”, “Best Customer – Documentary Credits”, “Best Customer – Bank Guarantees”, “Best Customer – Encashment Operations”, “Best New Customer Using Trade Financing Services”.

“Despite the last year’s economic decline, “HSBC Bank Armenia” secured 40% growth of the trade financing portfolio”, General Director of the bank Astrid Clifford stated, adding that this year the bank will make technological investments into trade financing at the volume of USD 400 thousands.

Deputy Chairman of the Central Bank (CB) of Armenia Vache Gabrielyan expressed hope that the bank will put a special emphasis on export financing, which will make its financial tools more demanded.