HSBC Bank Armenia was established as a closed joint stock company under the name “Midland Armenia Bank JSC” in 1996 and has been renamed into “HSBC Bank Armenia cjsc” in 1999. The bank is a joint venture between the HSBC Group, which has a 70% ownership, and members of overseas Armenian businesses with 30% ownership. HSBC Bank Armenia cjsc offers a wide range of products and services to individual as well as corporate customers in Armenia and abroad. The bank serves its customers via its branch, ATM, telephone and internet banking channels.