Citibank 2012 Annual Report Download - page 119

97
North America Cards
Overview
Citi’s North America cards portfolio primarily consists of its Citi-branded
cards and Citi retail services portfolios in Citicorp. As of December 31, 2012,
the Citicorp Citi-branded cards portfolio totaled approximately $73 billion,
while the Citi retail services portfolio was approximately $39 billion.
See Note 16 to the Consolidated Financial Statements for additional
information on Citi’s North America cards modifications.
North America Cards Quarterly Credit Trends—Delinquencies and Net
Credit Losses
The following charts detail the quarterly trends in delinquencies and net
credit losses for Citigroup’s North America Citi-branded cards and Citi retail
services portfolios in Citicorp. Assuming no significant downturn in the
economic environment, Citi believes the improvement in credit trends in its
card portfolios had largely stabilized as of the end of 2012, and delinquencies
and net credit losses in these portfolios could begin to increase in line with
portfolio growth.
4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 4Q123Q12
NCLs 90+DPD
Citi-Branded Cards—Citigroup
In billions of dollars
EOP Loans: 4Q11-$77.2 3Q12-$72.2 4Q12-$72.9
8.67%
5.89%
7.30% 6.71%
5.26% 4.94% 4.71%
3.92%
1.08%
4.15%
1.05%
1.14%
1.42%
1.93% 1.62% 1.32% 1.35%2.03%
4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 4Q123Q12
NCLs 90+DPD
10.90%
7.19%
9.54% 8.70%
7.08% 7.11% 6.71%
5.53%
1.87%
5.82%
1.96%1.97%
2.38%
2.97% 2.38% 2.38% 2.30%
3.20%
Citi Retail Services—Citigroup
In billions of dollars
EOP Loans: 4Q11-$39.9 3Q12-$36.6 4Q12-$38.6