Felix Pinkston
Aug 15, 2025 10:05
The Hong Kong Financial Authority (HKMA) studies a 2.5% lower in bank card receivables for Q2 2025, signaling a shift in client credit score conduct.
The Hong Kong Financial Authority (HKMA) has launched its bank card lending survey outcomes for the second quarter of 2025, revealing a notable 2.5% decline in whole card receivables. This determine has dropped to HK$149.0 billion by the tip of June, marking a major lower in comparison with the 5.8% discount noticed within the earlier quarter, in accordance with the Hong Kong Financial Authority.
Delinquency and Cost-Off Ratios
The HKMA’s report additionally highlights a slight enhance within the mixed delinquent and rescheduled ratio, which rose to 0.45% on the finish of June 2025, up from 0.42% on the finish of the primary quarter. Regardless of this uptick, the quarterly charge-off ratio stays comparatively low, growing marginally to 0.64% from 0.61% within the earlier quarter.
Client Credit score Developments
The lower in bank card receivables might point out a shift in client spending and credit score utilization patterns inside Hong Kong’s economic system. This pattern could also be reflective of broader financial situations or client confidence ranges, which might affect bank card utilization and compensation conduct.
Comparative Evaluation
Compared to regional developments, Hong Kong’s bank card market seems to be experiencing a extra moderated adjustment in client credit score actions. Whereas the lower in receivables is important, the comparatively secure delinquency and charge-off ratios counsel that credit score threat stays beneath management.
The HKMA’s findings present beneficial insights into the present state of client credit score in Hong Kong, providing a glimpse into potential financial shifts and client conduct developments because the yr progresses.
Picture supply: Shutterstock
