Mortgage Loans Statistics, August 2013

According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) dropped in August 2013 whereas those of commercial real estate loans (CRELs) grew. With regard to outstanding balance, RMLs and CRELs both witnessed increases. New Lending Approved In August 2013, new RMLs approved by Macao banks dropped 25.3% month-to-month to MOP3.3 billion; of which, 99.1% was extended to residents. In terms of value, new RMLs to residents and non-residents contracted 24.7% and 62.1% respectively. When compared with the same period of 2012, new approvals of RMLs witnessed decrease of 24.6%. New RMLs collateralised by uncompleted units (i.e. equitable mortgage) rose significantly by 31.9% month-to-month to MOP44.2 million. When compared with the same period of 2012, this type of bank mortgage contracted by 81.4% New CRELs rose 59.5% month-to-month to MOP4.1 billion; of which, 98.2% was granted to residents. In terms of value, new CRELs to residents increased 64.0% whereas the amount to non-residents dropped by 37.5%. On an annual basis, new approvals of CRELs expanded significantly by 133.1%. Outstanding Balances As at end-August 2013, the outstanding value of RMLs reached MOP110.4 billion, an increase of 1.8% from one month earlier or 24.6% from a year ago. The resident component made up 94.4% of the total. Compared to end-July 2013, outstanding RMLs to residents grew 2.0% whereas the amount to non-residents dropped 1.7%. Concurrently, the outstanding value of CRELs increased 3.0% from end-July 2013 and up 21.2% from end-August 2012 to MOP79.8 billion. Residents accounted for 92.2% of the loans. Compared with one month earlier, outstanding CRELs to residents grew 3.3% whereas the amount to non-residents slid 0.1%. Delinquency Ratios At the end of August 2013, the delinquency ratio for RMLs stood at 0.05%, which decreased slightly from one month earlier and down 0.01 percentage point from a year ago. The ratio for CRELs edged down 0.01 percentage point and 0.02 percentage points from end-July 2013 and end-August 2012 respectively to 0.07%. For enquiry, please contact:
Research and Statistics Department Monetary Authority of Macao
(Tel:83952532; Fax:28353042)

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