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.
Hong Kong Monetary Authority
16 May 2022