Credit Card Lending Survey Results for First Quarter 2017

The Hong Kong Monetary Authority published today the credit card lending survey results for the first quarter of 2017.

Total card receivables decreased by 8.9% in the first quarter of 2017 to HK$116.8 billion at end-March, after an increase of 8.5% in the previous quarter that was mainly driven by festive spending and the payment of salaries tax using credit cards.

The combined delinquent and rescheduled ratio rose to 0.37% at end-March 2017 from 0.33% a quarter earlier.

The charge-off amount edged down by HK$5 million during the quarter to HK$577 million, while the quarterly charge-off ratio remained steady at 0.47%.

Annex

Hong Kong Monetary Authority
16 May 2017