The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority published today (August 12) the credit card lending survey results for the second quarter of 2016.
      
     Total card receivables increased by 1.2% in the second quarter to HK$118 billion at end-June 2016, after decreasing by 7.1% in the previous quarter.
      
     The combined delinquent and rescheduled ratio edged up to 0.36% at end-June 2016 from 0.35% at the previous quarter-end.
      
     The charge-off amount increased by HK$58 million during the quarter to HK$637 million.  Correspondingly, the quarterly charge-off ratio rose to 0.54% from 0.48% in the previous quarter.

Ends/Friday, August 12, 2016
Issued at HKT 16:30

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