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.
Hong Kong Monetary Authority
14 May 2021