Credit Card Lending Survey Results for First Quarter 2024

The Hong Kong Monetary Authority published today (16 May) the credit card lending survey results for the first quarter of 2024.

Total card receivables decreased by 5.3% in the first quarter to HK$151.5 billion at end-March 2024, as the effects of festive spending and salaries tax payment that had driven an increase of 8.5% in the previous quarter subsided.

The combined delinquent and rescheduled ratio edged up to 0.37% at end-March 2024 from 0.34% at the previous quarter-end.  The quarterly charge-off ratio increased to 0.55% from 0.49% in the previous quarter.

Annex

Hong Kong Monetary Authority
16 May 2024