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Citizens Financial auto book runs off 25%

Bank exited indirect auto lending in June

Amanda HarrisbyAmanda Harris
July 19, 2023
in Earnings
Reading Time: 1 min read
0

Citizens Financial Group’s auto book fell 9.6% sequentially in the second quarter following the bank’s decision to exit indirect auto lending last month. Auto outstandings landed at $10.4 billion in Q2, down 24.8% year over year, according to the earnings supplement today. Auto made up 15% of the bank’s retail credit portfolio in Q2, according to the […]

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