Credit Card Lending Survey Results for First Quarter 2023

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15 May 2023

Credit Card Lending Survey Results for First Quarter 2023

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.

Annex

 

Hong Kong Monetary Authority
15 May 2023

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Last revision date : 15 May 2023