Expert forecasts 18-22% growth in Armenia’s banking sector

Expert forecasts 18-22% growth in Armenia’s banking sector

PanARMENIAN.Net - Growth rates of Armenian banking sector will remain unchanged in 2013, Director and Member of Management Board Ameriabank CJSC said.

According to Gevorg Tarumyan, on average 20% growth was reported in 2012, with the number likely to total 18-22% in 2013.

In this context, he noted that growth was recorded also in terms of lending to physical persons.

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