Credit Card Lending Survey Results for First Quarter 2025
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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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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