Credit card lending survey results for third quarter 2020

The following is issued on behalf of the Hong Kong Monetary Authority:
     The Hong Kong Monetary Authority published today (November 13) the credit card lending survey results for the third quarter of 2020.
     Total card receivables decreased by 3.2 per cent in the third quarter to HK$120.2 billion at end-September 2020, after an increase of 0.2 per cent in the previous quarter. 
     The combined delinquent and rescheduled ratio fell slightly to 0.42 per cent at end-September 2020 from 0.47 per cent at the previous quarter-end. Similarly, the credit card quarterly charge-off ratio decreased to 0.63 per cent from 0.71 per cent in the previous quarter.

Ends/Friday, November 13, 2020
Issued at HKT 16:30