Credit Card Lending Survey Results for Third Quarter 2012

The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the third quarter of 2012.

Total card receivables rose by 2.1% to HK$100.8 billion in the third quarter, after increasing by 3.2% in the previous quarter.  The total number of credit card accounts increased by 2.2% to 16.1 million.

The rollover amount, which reflects the amount of borrowing by customers using their credit cards, fell by 1.0% during the quarter.

The charge-off amount (and ratio) fell from HK$441 million (0.45%) in the second quarter to HK$424 million (0.43%) in the third quarter.

The amount of rescheduled receivables transferred outside the surveyed institutions’ credit card portfolios increased to HK$125 million from HK$92 million in the previous quarter.  

The delinquent amount rose to HK$212 million at end-September 2012 from HK$203 million at end-June 2012.  The delinquency ratio remained unchanged at 0.21% at end-September 2012 as a result of increased total card receivables.  The combined delinquent and rescheduled ratio (after taking into account the transfer of rescheduled receivables mentioned above) also remained unchanged at 0.27%.

Annex

Hong Kong Monetary Authority
15 November 2012