2023-05-15 14:28:27 ET
- Citigroup ( NYSE: C ) credit card master trust delinquency rate declined slightly in April to 1.14% from 1.17% in March, remaining well below its 1.61% level in the prepandemic level of April 2019.
- The Citibank Credit Card Master Trust I's net charge-off rate of 1.99% increased from 1.67% in the previous month, yet is still below the 3.15% level of April 2019.
- Principal receivables balance as of April 25, 2023 was $24.0B, up from $23.7B at the beginning of the reporting period, according to Citi's filing .
- Earlier, the New York Fed said U.S. household debt rose in Q1, topping $17T
For further details see:
Citi credit card trust delinquency ticks down in April while charge-offs rise