Auto drives retail loan growth at Citizens

The bank’s auto portfolio increased 18% YoY to $14.5 billion

Signage is displayed outside a Citizens Financial Group Inc. bank branch in downtown Boston, Massachusetts, U.S., on Tuesday, Oct. 10, 2017. Citizens Financial Group Inc. is scheduled to release earnings figures on October 20. Photographer: Scott Eisen/Bloomberg

Citizens One Auto Finance’s portfolio grew yet again in the fourth quarter, marking the fourth consecutive quarter of year-over-year growth since the lender set its sights on auto loan growth in Q1 2021. Auto outstandings rose 7.4% sequentially and 18% YoY to $14.5 billion, driving bankwide retail growth 8%, Chief Financial Officer John Woods said […]

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