Loan Growth Weak Ahead of Rate Cuts; Credit Card Delinquency Rates Increase

 Weak loan growth persisted throughout the second quarter and into the third, S&P Global Market Intelligence wrote, but banks expect forthcoming rate cuts to boost demand for credit. Among the 15 U.S. institutions with the most loans and leases, median loan growth was just 0.6% during the period, with median commercial loans growing 0.1% and median CRE loans contracting 2.2%.

Another S&P post discussed the increase in delinquencies and net charge-off rates among credit card issuers in July.

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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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