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

     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

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