HK credit card receivables rebound 7.9% to $162.2b in Q4 2024

The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.

Credit card lending receivables rose by 7.9% to HK$162.2b in Q4 2024, following a 0.6% decline to HK$150.3b in Q3, according to the latest survey.

This increase in Q4 reversed the 0.2% decrease recorded in Q2 and highlighted a recovery in credit card usage towards the end of the year.

The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4, slightly up from 0.39% at the end of Q2, indicating stable credit quality despite higher receivables.

The quarterly charge-off ratio held steady at 0.57% in Q4, unchanged from Q3, suggesting consistent levels of write-offs throughout the year.

The rollover ratio, representing borrowing behavior where cardholders made only minimum payments, decreased slightly to 16.9% in Q4, down from 17.7% in Q3, despite a higher rollover amount of HK$27.35b.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit