Credit card lending survey results for first quarter 2023
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The Hong Kong Monetary Authority published today (May 15) the credit card lending survey results for the first quarter of 2023.
Total card receivables decreased by 1.8 per cent in the first quarter to HK$142.3 billion at end-March 2023, as the effects of festive spending and salaries tax payment that had driven an increase of 12.1 per cent in the previous quarter subsided.
The combined delinquent and rescheduled ratio edged up to 0.29 per cent at end-March 2023 from 0.28 per cent at the previous quarter-end. The quarterly charge-off ratio increased slightly to 0.40 per cent from 0.38 per cent in the previous quarter.
Ends/Monday, May 15, 2023
Issued at HKT 17:20
Issued at HKT 17:20
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