The Central Bank of Armenia has given the green light to HSBC’s decision to sell its Armenian subsidiary, marking the end of the British banking giant’s nearly three-decade presence in the country. In February, HSBC, Europe’s largest bank, announced its intention to sell HSBC Armenia to Ardshinbank, Armenia’s leading bank. This strategic move is part of HSBC’s plan to shift focus from less strategic operations to higher-growth opportunities globally. Ardshinbank has confirmed the acquisition, with its chief executive assuring a ‘smooth and fluid transition’ for HSBC Armenia’s approximately 30,…