Credit Card Lending Survey Results for Second Quarter 2025
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") released the quarterly credit card lending survey for the period ending June 2025 on August 15, 2025. According to the report, total card receivables decreased by 2.5% to HK$149.0 billion, reflecting a downturn from the previous quarter's reduction of 5.8%.
The report further detailed a combined delinquent and rescheduled ratio of 0.45% at the end of June 2025, a marginal increase from the previous quarter's 0.42%. Additionally, the quarterly charge-off ratio climbed to 0.64%, up from 0.61%, but remained at a low level.
These findings suggest a cautious approach to lending in the banking sector, with total card receivables declining and charge-off rates slightly increasing. However, the delinquency and rescheduling rates remained relatively stable and low.
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