Global News, Analysis & Awards

The Energy Week Armenia-2018 international conference was held recently in Yerevan, Armenia, with the participation of a number of international financial organizations, vendors and investors, as well as government members, local organizations and banks. ArmSwissBank CJSC was one of the sponsors at the event, which was not coincidental. With its approach, peculiar to corporative and investment Banks, ArmSwissBank has always emphasized cooperation with non-traditional, new-emerging business sectors in Armenia’s economy. Currently the Solar energy production is considered to be one of the fastest burgeoning branches. The amends in the corresponding legislative law and the current favorable financial environment have contributed to the rapid development of the sector. Focusing on the need for alternative energy production and the introduction of energy efficient technologies in Armenia, it is ArmSwissBank’s strategy to pursuit cooperation with organizations who are attracted to this industry.

Armenia has experienced similar dynamic bloom almost 10 years ago when small hydropower plants were being built in Armenia. Back then, ArmSwissBank has cooperated closely with that sector’s developers as well. In 2009, the bank financed the first HPP project, and it continued to finance a number of enterprises in hydropower sector, reaching the number of partners working in HHP sector to up to 32. The total installation capacity of the project financed by the Bank is approximately 60 MW/h. Our HPP partners produce around 286 million KW/h energy, annually. The provided financing amounted is to about…

Congratulations on your award-winning success. What differentiates Huxley from other recruitment firms?

In the Middle East and North Africa (MENA), it’s the sheer size, scale and volume of our operations that truly sets us apart. For instance, we have the largest headcount amongst all banking and technology search firms in MENA. Beyond that, we partner with more than 60% of all financial institutions in region. From a diversity perspective, we employ and empower women where recruitment was traditionally seen as a male dominated industry. In fact, almost 70% of our team are women. And lastly, our constant goal of improving our customers’ experience is evident through our Net Promoter Score (NPS) programme that allows our customers to be involved by rating our services. This has helped us to adapt our systems, processes and behaviours which we have since seen significant improvements in our overall NPS scores. Our team has consistently maintained one of the highest NPS scores globally by constantly improving the service we provide.

What are the biggest challenges and opportunities facing the industry at the moment?

There are very high barriers to entry in this region. In particular, you need to get a true understanding on how to best manage visa processes, security clearances, nationality quotas, central bank approvals, relocation logistics, the differences between each of the countries within…