The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority published today (August 15) the credit card lending survey results for the second quarter of 2018.
Total card receivables increased by 3.0% in the second quarter to HK$124.3 billion at end-June 2018, after declining by 8.1% in the previous quarter.
The combined delinquent and rescheduled ratio remained steady at 0.33% at end-June 2018.
The charge-off amount decreased by HK$13 million during the quarter to HK$504 million, while the quarterly charge-off ratio remained stable at 0.41%.
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