HSBC Launches Corporate ATM Cards In Armenia


Global Banking News
November 2, 2010 Tuesday

HSBC Holdings (LSE: HSBA) has announced that it has launched a new
product in Armenia.

The bank said that it has launched a new product designed for corporate
clients of the bank to access their company funds. Top officials of
a company may use the card to obtain up to AMD3m from ATMs of the
bank. Encashment would be exempt from encashment fee for both local
and foreign currency funds.

HSBC Bank Armenia CEO, Astrid Clifford, said, ‘This is one of our
initiatives designed to materialize our vision of developing into
the most business-friendly bank in Armenia. Our goal is to make
Bank-customer relationships as productive, comfortable and safe
as possible.’

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From: A. Papazian

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