Credit card receivables up 10.8% in Q4

This is equivalent to $131.24b.

Credit card receivables from individual creditholders rose 10.8% QoQ to $131.24b, according to the Hong Kong Monetary Authority’s latest credit card lending survey results. 

On a yearly basis, it rose 2.4%. 

Total number of accounts also rose 0.9% QoQ and 1.9% YoY to 16,925 accounts in Q4. 

Delinquency ratio, which is often used an early indicator of credit card portfolio quality, also inched up 0.22% to 285 in Q4. This is measured by total amount of credit card receivables overdue for more than 90 days and remaining unpaid at the last day of the reporting month as a percentage of total credit card receivables.