The Hong Kong Monetary Authority published today the credit card lending survey results for the fourth quarter of 2020.
Total card receivables increased by 3.9% in the fourth quarter to HK$124.9 billion at end-December 2020 after a decrease of 3.2% in the previous quarter. The increase was mainly driven by festive spending and salaries tax payment.
The combined delinquent and rescheduled ratio fell slightly to 0.35% at end-December 2020 from 0.42% at the previous quarter-end. Similarly, the charge-off ratio decreased to 0.54% from 0.63% in the previous quarter.
Hong Kong Monetary Authority
16 February 2021