Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 955

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 955
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 the Office sector and the continued impacts of interest rates on the Multi-family sector. Approximately 96% of commercial real estate loans remain current on payments as of December 31, 2024.

For more information on the distribution of commercial loans by vintage date and regulatory classification rating, see Note 6.

Citizens Financial Group, Inc. | 52

Table 15: Commercial and Industrial Loans by Industry SectorDecember 31, 2024December 31, 2023(dollars in millions)Balance% of Total Loans and LeasesBalance% of Total Loans and LeasesIndustry sectorFinance and insuranceCapital call facilities$6,070 4 %$5,780 4 %Other finance and insurance6,446 5 6,021 4 Other manufacturing3,491 3 3,748 2 Technology2,818 2 3,351 2 Accommodation and food services2,599 2 2,948 2 Health, pharma, and social assistance2,322 2 2,598 2 Wholesale trade2,010 1 2,467 2 Retail trade2,000 1 2,379 2 Professional, scientific, and technical services2,313 2 2,339 2 Other services2,061 1 2,168 1 Energy and related2,085 1 2,034 1 Arts, entertainment, and recreation1,509 1 1,602 1 Administrative and waste management1,352 1 1,599 1 Rental and leasing923 1 1,073 1 Consumer products manufacturing710 1 984 1 Automotive1,026 1 898 1 Other2,816 2 2,985 2 Total commercial and industrial$42,551 31 %$44,974 31 %

Citizens Financial Group, Inc. | 53

Table 16: Commercial Real Estate by Property Type and StateDecember 31, 2024December 31, 2023(dollars in millions)Balance% of Total Loans and LeasesBalance% of Total Loans and LeasesProperty typeMulti-family$9,791 7 %$9,367 6 %OfficeCredit tenant lease and life sciences(1)2,135 2 2,268 2 Other general office2