CHARLOTTE, N.C. -- NationsBank Corp.'s consumer loan growth is increasing at a 16% annual rate, according to president Kenneth Lewis.
Commercial loans, meanwhile, are growing at an 8% annualized rate, he said.
NationsBank's continued expansion will concentrate on business segments that generate fee income.
Mr. Lewis noted that acquisitions of trust portfolios, as well as foreign exchange and factoring operations, could be particularly attractive.
Mr. Lewis also said NationsBank would like to expand its credit card portfolio.
But he noted that prices for such operations are currently high, and NationsBank isn't willing to pay, "a premium."