Credit Card Lending Survey Results for First Quarter 2021

The Hong Kong Monetary Authority published today the credit card lending survey results for the first quarter of 2021.

Total card receivables decreased by 4.0% in the first quarter to HK$119.8 billion at end-March 2021, as the effects of festive spending and salaries tax payment that had driven an increase of 3.9% in the previous quarter subsided.

The combined delinquent and rescheduled ratio edged up to 0.36% at end-March 2021 from 0.35% at the previous quarter-end.  The quarterly charge-off ratio decreased slightly to 0.52% from 0.54% in the previous quarter.

Annex

Hong Kong Monetary Authority
14 May 2021