Credit card charge-off ratio stands at low level in Hong Kong

2008-08-21 Hong Kong An executive at DBS Bank (Hong Kong) Limited said the current credit card delinquency rate is less than 0.3 per cent and that the charge-off ratio stands at 21 per cent. The application review procedure in the overall credit card market is very stringent. For example, DBS Bank’s CompassVisa is only available for application to ordinary customers who have an annual salary of US$7,692 or above and platinum card holders with an annual salary of US$19,230 or above, according to the... [read full story]