January 30, 2013 - 20:37 AMT
Expert forecasts 18-22% growth in Armenia’s banking sector

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.