Credit Card Lending Survey Results for Fourth Quarter 2019

The Hong Kong Monetary Authority published today the credit card lending survey results for the fourth quarter of 2019.

Total card receivables increased by 4.0% in the fourth quarter to HK$137.7 billion at end-December 2019, after edging up by 0.2% in the previous quarter. The increase was mainly driven by festive spending and salaries tax payment.

The combined delinquent and rescheduled ratio stood at 0.33% at end-December 2019, little changed from the previous quarter-end.

The charge-off amount decreased by HK$26 million during the fourth quarter to HK$555 million. Correspondingly, the quarterly charge-off ratio decreased to 0.41% from 0.44% in the previous quarter.

Annex

Hong Kong Monetary Authority
21 February 2020