KeyCorp is Cleveland's largest bank.CLEVELAND, Ohio —
The company is also seeing growth among people under 30, and its digital-banking brand, Laurel Road, is doing well, Gorman said. And the company is also seeing growth from its investment banking business and the fees generated by it, said Don Kimble, vice chairman and CFO. He said the bank is also expecting commercial loans to increase. Right now, companies are using 27% of their allotted credit, historically they use about 35%, he said. Gorman said he expects companies to use more credit as supply-chain problems ease up, predicting they’ll fill up on inventory when possible.
In its 2022 guidance, the company said it expects loans to grow in the low-double digits, excluding the impact of Paycheck Protection Loans that are being forgiven.
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