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HKMA: Total Credit Card Receivables Ebb 5.8% QoQ in 1Q25
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Following an increase of 7.9% in the previous quarter as driven by festive spending and salaries tax payment, total card receivables decreased by 5.8% in 1Q25 to HKD152.8 billion in end-March, according to the Hong Kong Monetary Authority (HKMA). The combined delinquent and rescheduled ratio was 0.42% in end-March, 2025, compared with 0.4% at the previous quarter-end. The quarterly charge-off ratio was 0.61%, compared with 0.57% in the previous quarter and remained at a low level. AAStocks Financial News |
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