Close Menu
Cryprovideos
    What's Hot

    Why Coinbase Introduced Dogecoin and XRP to Ethereum Community Base – Decrypt

    June 7, 2025

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025

    Will Ozak AI Be the Subsequent SOL or MATIC? $0.003 Entry May Be Historic

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Hong Kong Credit score Card Receivables Barely Decline in Q3 2024
    Hong Kong Credit score Card Receivables Barely Decline in Q3 2024
    Markets

    Hong Kong Credit score Card Receivables Barely Decline in Q3 2024

    By blockchain.newsNovember 15, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Terrill Dicki
    Nov 15, 2024 13:08

    The Hong Kong Financial Authority reviews a 0.6% lower in bank card receivables for Q3 2024, with the delinquent and rescheduled ratio rising to 0.40%.

    Hong Kong Credit score Card Receivables Barely Decline in Q3 2024

    The Hong Kong Financial Authority (HKMA) has launched its bank card lending survey outcomes for the third quarter of 2024, revealing a slight decline in complete card receivables. In response to the report, bank card receivables decreased by 0.6% throughout this era, reaching HK$150.3 billion by the tip of September 2024. This follows a smaller lower of 0.2% within the earlier quarter.

    Delinquency and Cost-off Ratios

    The mixed delinquent and rescheduled ratio elevated barely, reaching 0.40% on the finish of September, in comparison with 0.39% on the finish of the earlier quarter. Regardless of this improve, the quarterly charge-off ratio remained regular at 0.58%, indicating stability within the fee of debt written off as uncollectible.

    Market Context

    The slight decline in bank card receivables could replicate broader financial circumstances, as shoppers proceed to navigate the post-pandemic monetary panorama. The soundness in charge-off ratios means that whereas some shoppers are struggling, total bank card debt stays manageable for many.

    Implications for the Monetary Sector

    The findings of the HKMA report maintain implications for monetary establishments in Hong Kong, doubtlessly influencing lending practices and credit score assessments. Because the financial setting evolves, banks and monetary establishments might have to regulate their methods to mitigate dangers related to bank card lending.

    For extra particulars, go to the Hong Kong Financial Authority.

    Picture supply: Shutterstock




    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Trump touts memecoin as sentiment gauge as $520M unlock nears

    June 7, 2025

    Will Ozak AI Be the Subsequent SOL or MATIC? $0.003 Entry May Be Historic

    June 7, 2025

    Virtuals Protocol Would possibly Battle to Retain $2 – Right here’s Why

    June 7, 2025

    Tron (TRX) Hits a Wall: Bearish Stress Mounts as $0.26 Assist Looms – BlockNews

    June 7, 2025
    Latest Posts

    Are We Witnessing the Last Bitcoin Cycle as We Know It?

    June 7, 2025

    Bitcoin Golden Cross Sample Says The Crash To $100,000 Is Regular – What To Count on Subsequent

    June 7, 2025

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    Bitcoin Holds Above $100K, However Analyst Sees Bother Brewing

    June 7, 2025

    Pepe Worth Prediction: $PEPE Declines as Bitcoin Hyper Emerges as a Prime Presale Decide

    June 7, 2025

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Solana ETFs Edge Nearer as SEC Engages with Main Filings – BlockNews.com

    February 12, 2025

    Crypto asset funding merchandise skilled web outflows of $240 million over the previous week, in response to the most recent report from CoinShares.

    April 8, 2025

    Crypto miner deserts Pennsylvania website, fails to plug wells: Report

    May 7, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.