Credit card lending survey results for third quarter 2016
*********************************************************
The Hong Kong Monetary Authority published today (November 14) the credit card lending survey results for the third quarter of 2016.
Total card receivables slightly increased by 0.1% in the third quarter to HK$118.1 billion at end-September 2016, after increasing by 1.2% in the previous quarter.
The combined delinquent and rescheduled ratio edged down to 0.34% at end-September 2016 from 0.36% at the previous quarter-end.
The charge-off amount slightly decreased by HK$5 million during the quarter to HK$632 million while the quarterly charge-off ratio remained steady at 0.54% .
Ends/Monday, November 14, 2016
Issued at HKT 17:00
Issued at HKT 17:00
NNNN