Charge-off rates across U.S. commercial banks fell to a low of 0.41% in 2015 due to a combination of upbeat economic conditions and a release in loan provisions from the elevated levels they were at in the wake of the economic downturn.
Why Citigroup's Loan Charge-Off Rates Are More Than Double U.S. Industry Average
Forbes - 20 Dec 2017 23:38
Charge-off rates across U.S. commercial banks fell to a low of 0.41% in 2015 due to a combination of upbeat economic conditions and a release in loan provisions from the elevated levels they were at in the wake of the economic downturn.
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