This represented a 66% increase in the size of the commercial loan book, to AMD61.6Bn as at 30 September 2010. This was the highest growth in commercial lending recorded by any bank, and comprised 24% of the total increase in the market. "This is a major achievement and has been driven by the increased opportunities for quality lending in Armenia and the excellent service provided by our relationship managers. We hope to maintain this strong position during the remaining months of 2010 as well as next year." said Astrid B Clifford, Chief Executive Officer of HSBC Bank Armenia cjsc.

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