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.
Hong Kong Monetary Authority
15 February 2019