Credit Card Lending Survey Results for Third Quarter 2015

The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the third quarter of 2015.

Total card receivables remained about the same at HK$117.2 billion at end-September 2015, after increasing by 1.0% in the previous quarter. The total number of credit card accounts edged up by 0.2% to around 17.2 million.

The charge-off amount decreased to HK$557 million during the quarter from HK$611 million in the previous quarter.  Correspondingly, the quarterly charge-off ratio reduced to 0.48% from 0.52% in the previous quarter.

The delinquent amount increased to HK$284 million at end-September 2015 from HK$272 million at end-June 2015. The delinquency ratio also edged up to 0.24% from 0.23% in the same period. 

Annex

Hong Kong Monetary Authority
13 November 2015