Credit Card Lending Survey Results for Third Quarter 2014

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14 Nov 2014

Credit Card Lending Survey Results for Third Quarter 2014

The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the third quarter of 2014. 

Total card receivables increased by 2.5% to HK$115.1 billion in the third quarter this year, after increasing 2.1% in the previous quarter. The total number of credit card accounts edged up by 0.6% to around 17.0 million. 

The rollover amount, which reflects the amount of borrowing by customers using their credit cards, decreased by 3.8% during the quarter to HK$18.5 billion.  The rollover ratio also declined to 16.1% from 17.1% a quarter ago. 

The charge-off amount slightly decreased to HK$563 million during the quarter from HK$569 million in the previous quarter.  Correspondingly, the quarterly charge-off ratio edged down to 0.49% from 0.51% in the previous quarter. 

The amount of rescheduled receivables transferred outside the surveyed institutions’ credit card portfolios rose to HK$98 million from HK$94 million in the previous quarter.  

The delinquent amount slightly increased to HK$252 million at end-September from HK$249 million at end-June.  However, the delinquency ratio remained the same at 0.22% because of an increase in total card receivables.  The combined delinquent and rescheduled ratio (after taking into account the transfer of rescheduled receivables mentioned above) remained the same at 0.29%. 

Annex

Hong Kong Monetary Authority
14 November 2014

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Last revision date : 14 November 2014