After four consecutive quarters of decline, PNC Financial’s auto book grew in the second quarter of 2021 following the acquisition of BBVA USA. PNC Financial’s auto outstandings clocked in at $17.6 billion in the second quarter, an increase of 29.2% from last quarter and 8.6% YoY, according to the earnings supplement. The growth in the bank’s auto portfolio is largely due to PNC closing its $11.5 billion purchase of BBVA USA on […]
Source : AutoFinanceNews
