Credit Card Lending Survey Results for Fourth Quarter 2016

The Hong Kong Monetary Authority published today the credit card lending survey results for the fourth quarter of 2016.
 
Total card receivables rose by 8.5% in the fourth quarter to HK$128.2 billion at end-December 2016. The substantial increase was mainly driven by festive spending and the payment of salaries tax using credit cards.
 
The combined delinquent and rescheduled ratio edged down to 0.33% at end-December 2016 from 0.34% at the previous quarter-end.
 
The charge-off amount decreased by HK$50 million during the quarter to HK$582 million. Correspondingly, the quarterly charge-off ratio decreased to 0.47% from 0.54% in the previous quarter.

Annex

Hong Kong Monetary Authority
15 February 2017