Credit Card Lending Survey Results for Second Quarter 2014

The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the second quarter of 2014. 

Total card receivables increased by 2.1% to HK$112.4 billion in the second quarter this year, after a reduction of 6.7% in the previous quarter. The total number of credit card accounts edged up by 0.7% to around 16.8 million. 

The rollover amount, which reflects the amount of borrowing by customers using their credit cards, increased by 2.9% during the quarter to HK$19.2 billion.  The rollover ratio also rose marginally from 17.0% to 17.1% in the same period. 

The charge-off amount increased to HK$569 million during the quarter from HK$528 million in the previous quarter.  Correspondingly, the quarterly charge-off ratio rose to 0.51% from 0.46% in the previous quarter.

The amount of rescheduled receivables transferred outside the surveyed institutions’ credit card portfolios reduced to HK$94 million from HK$109 million in the previous quarter.  

The delinquent amount increased to HK$249 million at end-June from HK$239 million at end-March.  However, the delinquency ratio remained the same at 0.22% because of an increase in total card receivables.  The combined delinquent and rescheduled ratio (after taking into account the transfer of rescheduled receivables mentioned above) edged up to 0.29% from 0.28% during the same period. 

Annex

Hong Kong Monetary Authority
15 August 2014