Credit Card Lending Survey Results for First Quarter 2015

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15 May 2015

Credit Card Lending Survey Results for First Quarter 2015

The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the first quarter of 2015. 

Total card receivables decreased by 6.5% to HK$116.1 billion in the first quarter this year, after increasing by 7.8% in the previous quarter as a result of festive spending around the year end and the payment of salaries tax using credit cards. The total number of credit card accounts edged up by 0.6% to around 17.14 million. 

The rollover amount, which reflects the amount of borrowing by customers using their credit cards, slightly decreased by 0.9% during the quarter to HK$19.4 billion. However, the rollover ratio increased to 16.7% from 15.8% a quarter ago due to a faster decrease in total card receivables. 

The charge-off amount decreased to HK$539 million during the quarter from HK$554 million in the previous quarter.  Correspondingly, the quarterly charge-off ratio edged down to 0.45% from 0.46% in the previous quarter. 

The amount of rescheduled receivables transferred outside the surveyed institutions’ credit card portfolios increased to HK$81 million from HK$77 million in the previous quarter.  

The delinquent amount increased to HK$297 million at end-March 2015 from HK$253 million at end-December 2014. The delinquency ratio also rose to 0.26% from 0.20% in the same period.  The combined delinquent and rescheduled ratio (after taking into account the transfer of rescheduled receivables mentioned above) increased to 0.32% from 0.27% in the previous quarter.

Annex

 

Hong Kong Monetary Authority
15 May 2015

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Last revision date : 15 May 2015