Credit Card Lending Survey Results for Fourth Quarter 2023

The Hong Kong Monetary Authority published today (15 February) the credit card lending survey results for the fourth quarter of 2023.

Total card receivables increased by 8.5% in the fourth quarter to HK$160.1 billion at end-December 2023, mainly driven by festive spending and salaries tax payment.

The combined delinquent and rescheduled ratio edged up to 0.34% at end-December 2023 from 0.33% at the previous quarter-end.  The quarterly charge-off ratio increased slightly to 0.49% from 0.47% in the previous quarter.

Annex

Hong Kong Monetary Authority
15 February 2024