2023-03-16 12:06:40 ET
- Citibank's ( NYSE: C ) Credit Card Master Trust I delinquency and net charge-off rates continued to rise in February.
- Delinquency rate was 1.2% during the month, compared with 1.04% in January and 0.85% in February 2022, a recent filing disclosed.
- Net charge-off rate stood at 1.55%, higher than 1.50% in January and 1.12% in the year-ago period.
- Meanwhile, loans shrank in February, with principal receivables as of February 23 at ~$23.84B, compared with $24.26B at the start of the due period.
- Earlier, Citibank's credit card trust sees delinquencies, charge-offs edge higher in January .
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Citibank's credit card trust sees delinquencies, net charge-offs rise in February