The Hong Kong Monetary Authority published today (15 May) the credit card lending survey results for the first quarter of 2023.
Total card receivables decreased by 1.8% in the first quarter to HK$142.3 billion at end-March 2023, as the effects of festive spending and salaries tax payment that had driven an increase of 12.1% in the previous quarter subsided.
The combined delinquent and rescheduled ratio edged up to 0.29% at end-March 2023 from 0.28% at the previous quarter-end. The quarterly charge-off ratio increased slightly to 0.40% from 0.38% in the previous quarter.
Hong Kong Monetary Authority
15 May 2023