Credit Card Lending Survey Results for Fourth Quarter 2018

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

Total card receivables grew by 9.7% in the fourth quarter to HK$138.0 billion at end-December 2018. The substantial increase was mainly driven by festive spending and salaries tax payment.

The combined delinquent and rescheduled ratio edged down marginally to 0.31% at end-December 2018 from 0.32% at the previous quarter-end.

The charge-off amount declined by HK$8 million during the quarter to HK$503 million. Correspondingly, the quarterly charge-off ratio decreased to 0.38% from 0.41% in the previous quarter.

Annex

Hong Kong Monetary Authority
15 February 2019