The commercial real estate loan book at Citizens Financial Group offers a glimpse of the challenges banks around the country are facing from the distressed U.S. office market — and some of the strategies banking executives can use to navigate the issue.
This regional bank sees some strategic success in dealing with problem office loans
Citizens Financial shrinks office loans as banks grapple with distressed US office market
By Andy Peters
CoStar News
October 16, 2024 | 8:53 P.M.
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IN THIS ARTICLE
- Properties
- 1 Citizens Plaza
1 Citizens Plz, Providence, RI
- Companies
- Citizens Financial Group, Inc.
Finance and Insurance
- Contacts
- Bruce Van Saun
Chief Executive Officer, Citizens Financial Group, Inc.
- John Woods
Vice Chair and Chief Financial Officer, Citizens Financial Group, Inc.