ATLANTA - In a major expansion of its consumer loan portfolio, NationsBank Corp. says it hopes to triple its credit card outstandings to $12 billion over the next three years.

The growth, which would be achieved largely through acquisitions, is part of the company's strategy to increase it percentage of consumer loans to 50% of its portfolio, up from 39%, according to Kenneth D. Lewis, who heads up NationsBank's retail operations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.