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Citi sees FY25 NCL rates in line with 2024 ranges
The Fly

Citi sees FY25 NCL rates in line with 2024 ranges

Sees Cards NCL rates around the top of the 2024 ranges for both businesses, with higher losses in 1H, consistent with seasonal patterns, subject to changing conditions; ACL build will be a function of macroeconomic environment and business volumes.

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