The Hong Kong Monetary Authority published its credit card lending survey results for the fourth quarter of 2024, showing total card receivables increased by 7.9% to HKD 162.2 billion at end-December 2024 while the combined delinquent and rescheduled ratio remained unchanged at 0.40%. The rise in receivables was mainly driven by festive spending and salaries tax payment. The quarterly charge-off ratio was 0.57%, compared with 0.58% in the previous quarter.
Hong Kong Monetary Authority 2025-02-17
Hong Kong Monetary Authority reports Q4 2024 credit card receivables up 7.9% to HKD 162.2 billion with delinquency ratio steady at 0.40%
The Hong Kong Monetary Authority's credit card lending survey for Q4 2024 reported a 7.9% increase in total card receivables to HKD 162.2 billion, with the delinquent and rescheduled ratio steady at 0.40%. The rise was attributed to festive spending and salaries tax payments, while the charge-off ratio slightly decreased to 0.57%.