- Citibank's ( NYSE: C ) Credit Card Master Trust I continued to see delinquency and net charge-off rates edge higher in January.
- Delinquency rate inched higher to 1.04% from 1.01% in December, according to a recent filing . That compares to 0.84% in January 2022.
- Net charge-off rate rose to 1.50% in January from 1.34% in December and 1.11% in the same month last year.
- Loans declined last month, with principal receivables as of January 26 at $24.26B compared with $25.09B at the start of the due period.
- Earlier, credit card banks continued long slog back to normalized delinquency rates .
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Citibank's credit card trust sees delinquencies, charge-offs edge higher in January