ACBA-Credit Agricole Bank expects 38% growth of loan portfolio on the basis of 2011 outcomes, the Bank CEO said.

“This is a good index, specifically for a major bank like ours,” Stepan Gishyan told journalists in Yerevan. “The last quarter of banking operations was remarkable for its activity. I expect the indices to be even higher,” he added.

Dwelling on bank revenues, Gishyan noted them to be larger than during the pre-crisis period, with the bank occupying leading positions in Armenia’s banking system.