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[data released by the central bank show that in the first quarter of this year, a total of 760 million credit cards and combined credit and debit cards were issued nationwide, a decrease of 0.85% from the previous month.]

as loan balances shrank and non-performing loan ratios increased, the credit card business of listed banks continued to shrink.

when sorting out the semi-annual reports of a-share listed banks, the reporter of china business network found that in the first half of this year, the credit card business of many listed banks continued to perform poorly, with a decline in several key indicators such as transaction amount, transaction volume, and loan balance. in addition, the balance of non-performing loans and the non-performing loan rate of the credit card business also continued to rise. industry insiders believe that the credit card business of commercial banks has shifted from the era of stock to the era of intensive cultivation. to enhance the competitiveness of institutional credit card business, we can start from expanding usage scenarios, creating differentiated functions, innovating products and services, and strengthening risk control capabilities.

transaction volume continues to shrink

several key indicators of the credit card business declined, with transaction volume shrinking significantly.

judging from the balance of credit card loans, the decline in the scale of joint-stock banks is the most obvious, with many banks experiencing a year-on-year decline of more than double digits. the balance of credit card loans of industrial bank once exceeded the 400 billion yuan mark at the end of 2020, and then continued to rise, but began to decline last year. by the end of the second quarter of 2024, the balance of credit card loans fell below 400 billion yuan, shrinking to 368.574 billion yuan, a year-on-year decrease of 11% from the end of june 2023.

ping an bank also experienced a similar situation. the bank's credit card loan balance exceeded 600 billion yuan at the end of 2021, and then shrunk all the way. by the end of june this year, the scale had shrunk to below 500 billion yuan, with a remaining scale of 470.999 billion yuan, a decrease of 14.9% from the same period last year. pudong development bank also saw a shrinking credit card loan balance. in the first half of this year, the bank's credit card loan balance was 360.246 billion yuan, a decrease of about 48.4 billion yuan from the same period last year, a year-on-year decrease of 11.85%.