It was stated that the merger aims to expand Ardshinbank's high-quality customer base and enhance its team of skilled client managers and employees. In turn, HSBC Bank Armenia explained that the decision was made to reallocate capital towards global priorities. The Armenian financial sector does not see anything tragic in HSBC Bank's departure from Armenia. The President of the Union of Banks of Armenia, Daniel Azatyan, explained that in recent years, HSBC has adopted a policy of relocating its capital to larger financial centers and focusing on other markets. "Since 2021, HSBC has exited seven countries, including its retail business in France, the USA, and Greece. It is important to note that such changes do not happen in a week or ten days. These processes are discussed and planned for a very long time, adhering to international standards. It is a long and complex task," Azatyan said at a press conference in February 2024.