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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) published today the credit card lending survey results for the third quarter of 2015.
Total card receivables remained about the same at HK$117.2 billion at end-September 2015, after increasing by 1.0% in the previous quarter. The total number of credit card accounts edged up by 0.2% to around 17.2 million.
The charge-off amount decreased to HK$557 million during the quarter from HK$611 million in the previous quarter. Correspondingly, the quarterly charge-off ratio reduced to 0.48% from 0.52% in the previous quarter.
The delinquent amount increased to HK$284 million at end-September 2015 from HK$272 million at end-June 2015. The delinquency ratio also edged up to 0.24% from 0.23% in the same period.
Ends/Friday, November 13, 2015
Issued at HKT 16:52
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