Terryl Diki
May 16, 2025 01:15
Hong Kong Monetary Authority showed a change in the last quarter, with a 5.8% decrease in credit card loans in the first quarter of 2025.
HKMA (Hong Kong Monetary Authority) released a credit card loan survey in the first quarter of 2025, showing that credit card loans fell significantly. According to HKMA, total card bonds have decreased to $ 15.8 billion to $ 15.8 billion, down 5.8% by the end of March 2025, which is led by festival expenditures and salary payments after a significant increase of 7.9% in the last quarter.
Economic indicator fluctuations
The report emphasizes the increase in the merged delinquent and re -reconciliation rate, which rose from 0.40%to 0.42%at the end of March 2025. In addition, the quarterly rate off ratio increased slightly from 0.57%to 0.61%in the last quarter of 2024. Despite this increase, the charging rate is relatively low, indicating a stable credit environment.
Context
This reduction in credit card loans can be affected by various economic factors, including consumer expenditure patterns and fiscal policy. The last quarter’s growth is due to seasonal spending, suggesting that these fluctuations can be common in the Hong Kong credit market. In addition, a slight increase in overdue and claims can reflect careful consumer behavior in potential economic uncertainty.
For more information, HKMA’s official announcement can be accessible from the website.
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