Credit card receivables fall 0.2% QoQ to $151.2b in Q2

Year-on-year, however, it rose by 4.9%.

Hong Kong’s total credit card receivables decreased further in Q2, dropping 0.2% QoQ to $151.2b.

The Hong Kong Monetary Authority said the decline was less pronounced than in Q1 when receivables dropped by 5.3% QoQ.

Year-on-year, receivables rose by 4.9%.

Meanwhile, the combined delinquent and rescheduled ratio and the quarterly charge-off ratio increased to 0.39% and 0.58%, respectively.

The rollover amount and ratio for the period were $26b and 17.2%, respectively.