Credit Card Lending Survey Results for Fourth Quarter 2020

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16 Feb 2021

Credit Card Lending Survey Results for Fourth Quarter 2020

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.

Annex

 

Hong Kong Monetary Authority
16 February 2021

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Last revision date : 16 February 2021