Hong Kong Monetary Authority: Total credit card receivables in the first quarter fell 5.8% quarter-on-quarter to HK$152.8 billion.

17:03 15/05/2025

On May 15, the Hong Kong Monetary Authority released the results of the credit card loan survey for the first quarter of 2025.

On May 15, the Hong Kong Monetary Authority announced the results of the credit card lending survey for the first quarter of 2025. After a significant increase of 7.9% in the previous quarter driven by holiday spending and cardholders paying their salary taxes, the total amount of credit card receivables fell by 5.8% in the first quarter of 2025 to HK$152.8 billion as of the end of March. The delinquency and restructuring rate in March 2025 was 0.42%, up from 0.40% at the end of the previous quarter. The quarterly bad debt ratio for credit cards was 0.61%, up from 0.57% at the end of the previous quarter, but remains at a relatively low level.

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