The Hong Kong Monetary Authority released the credit card lending survey results for the first quarter of 2025, reporting a contraction in total card receivables alongside a small uptick in delinquency and charge-off ratios. Total card receivables fell 5.8% quarter-on-quarter to HKD 152.8 billion at end-March 2025, after a 7.9% increase in the previous quarter that was attributed to festive spending and salaries tax payments. The combined delinquent and rescheduled ratio rose to 0.42% from 0.40% at the previous quarter-end, while the quarterly charge-off ratio increased to 0.61% from 0.57%, remaining at a low level.
Hong Kong Monetary Authority 2025-05-15
Hong Kong Monetary Authority publishes first quarter 2025 credit card lending survey showing a fall in receivables and slightly higher delinquency and charge-offs
The Hong Kong Monetary Authority's credit card lending survey for Q1 2025 shows a 5.8% decline in total card receivables to HKD 152.8 billion, following a previous quarter increase. Delinquency and charge-off ratios saw slight increases, with the delinquent and rescheduled ratio rising to 0.42% and the charge-off ratio to 0.61%.