Credit Card Lending Survey Results for Second Quarter 2016

The Hong Kong Monetary Authority published today the credit card lending survey results for the second quarter of 2016.

Total card receivables increased by 1.2% in the second quarter to HK$118 billion at end-June 2016, after decreasing by 7.1% in the previous quarter.

The combined delinquent and rescheduled ratio edged up to 0.36% at end-June 2016 from 0.35% at the previous quarter-end.

The charge-off amount increased by HK$58 million during the quarter to HK$637 million.  Correspondingly, the quarterly charge-off ratio rose to 0.54% from 0.48% in the previous quarter.

Annex

Hong Kong Monetary Authority
12 Aug 2016