HSBC BANK ARMENIA ADMITTED AS MEMBER OF NASDAQ OMX ARMENIA
Fer 2, 2009
YEREVAN, February 2. /ARKA/. Effective from January 30, 2009, HSBC
Bank Armenia closed joint stock company was admitted as a member of
NASDAQ OMX Armenia stock exchange. Membership status will provide
HSBC Bank Armenia with full access to all exchange markets, including
corporate securities, Government bonds, REPO, and foreign currency,
NASDAQ OMX Armenia reported.
By the end of December 2008, the bank’s liabilities amounted
to 106.3bln Drams. The bank’s net profit was 3.9bln Drams in
Credit investments by the bank were 71.8bln Drams at December 31 2009
as compared with 52.6bln Drams in the beginning of 2008.
Currently the bank has 9 branches in Yerevan. HSBC Bank Armenia
closed joint stock company was the first international bank to open
in Armenia in 1996.
Seventy percent of the bank’s shares are owned by the HSBC Group,
and the remaining part belongs to members of overseas Armenian
businesses. As of the end of year 2008, the total capital of HSBC
Bank Armenia amounted to 15.51bln Drams, and total assets exceeded
On January 27 2009 Armenian Stock Exchange open joint stock company
was officially renamed as NASDAQ OMX Armenia open joint stock company.
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It
delivers trading, exchange technology services across the world. With
ov er 3,900 companies, it is number one in worldwide listings among
major markets. NASDAQ OMX technology supports the operations of over 60
exchanges, clearing organizations and central securities depositories
in more than 50 countries.
In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in March 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc.
As of January 30 2009, 21 companies, including 13 banks were members
of NASDAQ OMX Armenia.