Credit Card Lending Survey Results for First Quarter 2018

The Hong Kong Monetary Authority published today the credit card lending survey results for the first quarter of 2018.

Total card receivables decreased by 8.1% in the first quarter to HK$120.7 billion at end-March 2018, after an increase of 10.8% in the previous quarter that was mainly contributed by festive spending and the payment of salaries tax using credit cards.

The combined delinquent and rescheduled ratio edged up to 0.33% at end-March 2018 from 0.31% at the previous quarter-end.

The charge-off amount increased slightly by HK$5 million during the quarter to HK$517 million, while the quarterly charge-off ratio remained stable at 0.41%.

Annex

Hong Kong Monetary Authority
16 May 2018