Credit Card Lending Survey Results for First Quarter 2022

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16 May 2022

Credit Card Lending Survey Results for First Quarter 2022

The Hong Kong Monetary Authority published today (16 May) the credit card lending survey results for the first quarter of 2022.

Total card receivables dropped by 13.8% in the first quarter to HK$116.0 billion at end-March 2022 after rising 8.2% in the previous quarter, mainly reflecting a decline in consumer activities amid the new wave of COVID-19 and the subsiding effect of festive spending and salaries tax payment in the previous quarter.

The combined delinquent and rescheduled ratio rose to 0.33% at end-March 2022 from 0.27% at the previous quarter-end. The quarterly charge-off ratio decreased slightly to 0.37% from 0.38% in the previous quarter.

Annex

 

Hong Kong Monetary Authority
16 May 2022

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Last revision date : 16 May 2022