Credit Card Lending Survey Results for First Quarter 2019

The Hong Kong Monetary Authority published today the credit card lending survey results for the first quarter of 2019.

Total card receivables decreased by 6.2% in the first quarter to HK$129.5 billion at end-March 2019, after an increase of 9.7% in the previous quarter that was mainly driven by festive spending and salaries tax payment.

The combined delinquent and rescheduled ratio edged up marginally to 0.32% at end-March 2019 from 0.31% at the previous quarter-end.

The charge-off amount increased by HK$7 million during the quarter to HK$510 million, while the quarterly charge-off ratio remained stable at 0.38%.

Annex

Hong Kong Monetary Authority
15 May 2019