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Home » Citizens eyes further pullback on auto lending in Q3

Citizens eyes further pullback on auto lending in Q3

Citizens’ auto outstandings declined 4% sequentially

Amanda HarrisbyAmanda Harris
September 18, 2024
in Earnings
Reading Time: 3 mins read
0
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

Photographer: Scott Eisen/Bloomberg

Citizens One Auto Finance’s outstandings fell sequentially in the second quarter as the bank continues to focus on its commercial business in lieu of consumer mortgage and auto lending.   Auto outstandings clocked in at $13.9 billion in Q2, a 4% sequential decline but an increase of 8.5% year over year, contributing to 17.7% YoY growth […]

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Tags: auto originationsauto outstandingsCitizens One Auto FinancePremium
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