Credit Card Lending Survey Results for First Quarter 2025
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
The Hong Kong Monetary Authority published the credit card lending survey results for the first quarter of 2025. Following a 7.9% increase in the previous quarter driven by festive spending and salaries tax payment, total card receivables decreased by 5.8% to HK$152.8 billion at the end of March 2025.
The combined delinquent and rescheduled ratio was 0.42% at the end of March 2025, compared to 0.40% in the previous quarter. The quarterly charge-off ratio was 0.61%, up from 0.57% in the previous quarter and remained at a low level.
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