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Hong Kong's credit cards Q4 2020.

BIScom Subsection: 
Author: 
Editorial Staff

The Hong Kong Monetary Authority published today the credit card lending survey results for the fourth quarter of 2020.

Total card receivables increased by 3.9% in the fourth quarter to HK$124,900 million at the end of December 2020 after a decrease of 3.2% in the previous quarter. The increase was mainly driven by festive spending and salaries tax payment.

The combined delinquent and rescheduled ratio fell slightly to 0.35% at end-December 2020 from 0.42% at the previous quarter-end. Similarly, the charge-off ratio decreased to 0.54% from 0.63% in the previous quarter.

Details are in this PDF document from the HKMA: https://www.hkma.gov.hk/media/...

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