Bank of America (NYSE:BAC) 2010 Leader in Asset-Based Lending

Bank of America (NYSE:BAC) led asset-based lending in 2010, according to league tables compiled by Thomson Reuters, accounting for about 33 percent of market share.

Robert Arth, president of Bank of America Business Capital, said in a press release, “Throughout the credit crunch and during the economic recovery, Bank of America Merrill Lynch has remained committed to asset-based lending. We continue to work with our clients to find the best solutions, and asset-based lending is a powerful tool that offers unique flexibility in structure, which is valuable in any economic cycle.”

Along with being the market share leader, Bank of America was tops in the number of deals at 149, as well as in loan volume, which stood over $20.5 billion.

Bank of America was trading at $13.52, down $0.03, or 0.22 percent, as of 11:40 AM EST.