Yerevan/Mediamax/. HSBC Bank Armenia increased the size of its corporate loan book by AMD24.5Bn in the first 9 months of this year.

The bank secured a 66% increase in the size of the commercial loan book, to AMD61.6Bn as at 30 September 2010.

“This was the highest growth in commercial lending recorded by any bank, and comprised 24% of the total increase in the market”, Mediamax was informed in the press service of “HSBC Bank Armenia”.

Astrid B Clifford, Chief Executive Officer of “HSBC Bank Armenia” CJSC described such an increase as “a major achievement”.

“We hope to maintain this strong position during the remaining months of 2010 as well as next year”, she said.