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Fifth Third indirect consumer loan net charge-offs dip

Bank’s auto, specialty lending book rose 1.7%

Johnnie Martinez II

Fifth Third‘s indirect secured consumer loan portfolio increased in the third quarter as credit performance improved despite tightening auto lending spreads.  The Cincinnati-based bank’s indirect portfolio, consisting of 84% auto loans and 16% specialty loans — primarily RV and marine financing — increased 1.7% year over year and 0.1% quarter over quarter to $18.2 billion, […]

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