  HSBC Bank Armenia merge with Ardshinbank completed April 21, 2025 - 19:07 AMT PanARMENIAN.Net - Armenia’s Central Bank has announced that HSBC Bank Armenia has officially merged with Ardshinbank. According to Resolution No. 60A of the Central Bank Board dated April 18, 2025, the banking license No. 67 of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) was revoked effective April 21, 2025, due to the merger of Ardshinbank CJSC and Ardshininvestbank CJSC (the latter being the legal successor of HSBC Bank Armenia). As of April 21, 2025, Ardshinbank CJSC is the legal successor to Ardshininvestbank CJSC, and clients of the former HSBC Bank Armenia will continue to be serviced by Ardshinbank under existing procedures.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
