HSBC bank’s leaving the Georgian marker is most likely conditioned by unfriendly attitude of the regulator (central bank) and the Georgian government, Georgia’s Central Securities Depository General Director Gaioz Sanadze told Armenian News-NEWS.am correspondent.

Sanadze was a participant of the joint discussions on Armenian-Georgian financial markets being held in Armenia’s Dilijan city.

“They used to work under different conditions, while this time it was decided to protect the national structure, and not an international organization which has entered the Georgian market. Probably they were offended not getting the opportunities and support that is given to local banks,” he said.

Sanadze considers in any case withdrawal of HSBC had to be an issue of concern for the Georgian central bank.

After a three-year work in Georgia, HSBC announced it is leaving the market in 2011. Many Georgian analysts have linked it to the Armenian origin of one of the owners of HSBC Georgia (30% of the shares owned by the Armenian Diaspora businessman Vache Manukyan).