According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) grew whereas those of commercial real estate loans (CRELs) declined in March 2013. With regard to outstanding balance, RMLs and CRELs both witnessed increases. New Lending Approved In March 2013, new RMLs approved by Macao banks rose 50.4% month-to-month to MOP3.1 billion; of which, 97.3% was extended to residents. In terms of value, new RMLs to residents and non-residents increased 52.3% and 5.0% respectively. When compared with the same period of 2012, new approvals of RMLs witnessed growth of 12.8%. New RMLs collateralised by uncompleted units (i.e. equitable mortgage) grew 14.8% month-to-month to MOP92.7 million. The equitable mortgage extended to residents, which accounted for 94.7% of the total, increased 13.7% while the amount to non-residents also went up by 37.5%. When compared with the same period of 2012, this type of bank mortgage expanded by 44.8% New CRELs declined 67.3% month-to-month to MOP2.4 billion; of which, 95.8% was granted to residents. In terms of value, new CRELs to residents and non-residents declined 67.4% and 66.1% respectively. On an annual basis, new approvals of CRELs dropped 34.9%. Outstanding Balances As at end-March 2013, the outstanding value of RMLs reached MOP100.4 billion, an increase of 1.5% from one month earlier or 28.9% from a year ago. The resident component made up 93.3% of the total. Compared to end-February 2013, outstanding RMLs to residents grew 1.7% whereas the amount to non-residents dropped 1.6%. Concurrently, the outstanding value of CRELs went up by 2.4% from end-February 2013 or 20.1% from end-March 2012 to MOP74.6 billion. Residents accounted for 91.5% of the loans. Compared with one month earlier, outstanding CRELs to residents grew 2.6% whereas non-residents dropped 0.4%. Delinquency Ratios At the end of March 2013, the delinquency ratio for RMLs stood at 0.06%, which was largely unchanged from one month earlier but down 0.02 percentage points from a year ago. The ratio for CRELs went down 0.03 percentage points from end-February 2013 but up 0.03 percentage points from end-March 2012 to 0.12%. For enquiry, please contact:
Research and Statistics Department Monetary Authority of Macao
(Tel：83952532; Fax：28353042)
