Credit Card Lending Survey Results for Third Quarter 2017

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

Total card receivables increased slightly by 0.4% in the third quarter to HK$118.4 billion at end-September 2017, after growing by 1.0% in the previous quarter.

The combined delinquent and rescheduled ratio edged down to 0.33% at end-September 2017 from 0.34% at the previous quarter-end.

The charge-off amount declined by HK$32 million during the quarter to HK$577 million.  Correspondingly, the quarterly charge-off ratio decreased to 0.49% from 0.52% in the previous quarter. 

Annex

Hong Kong Monetary Authority
15 November 2017