Nova Credit Announces Estimated Bankruptcy Rate 0.185% in Q2 2022
HONG KONG, June 29, 2022 /PRNewswire/ -- According to the latest macro-economic data (as of 1 June 2022) and the unemployment rate (provisional figures) released on 17 June 2022, NOVA announces the latest estimated bankruptcy rate for the next 12 months at 0.185%. Based on the 5.6 million HK credit-eligible population, the estimated number of bankruptcy is about 10,472, which is slightly more than 7,197, the number of bankruptcy petitions in 2021 recorded by the Official Receiver's Office throughout the year. Calculation of this estimated bankruptcy rate is based on the latest macro-econom...
Source: philippinetimes.com