Credit card statistics –2nd quarter 2018


According to statistics released today by the Monetary Authority of Macao, the total number of personal credit cards issued by banks in Macao continued to rise in the second quarter of 2018. Both the credit card turnover and total repayments witnessed double-digit growth from a year ago.

Cards issued

On the back of the increasing dual-currency and triple-currency cards, the total number of personal credit cards issued by banks in Macao stood at 1,243,378 at end-June 2018, equivalent to an increase of 2.2% over a quarter earlier or 10.4% over a year earlier. The numbers of pataca (MOP) cards, Hong Kong dollar (HKD) cards and renminbi (RMB) cards grew year-on-year by 10.2% (to 878,598), 3.8% (to 90,213) and 13.3% (to 274,567) respectively.

Credit limit granted and delinquency

At end-June 2018, credit card credit limit granted by banks in Macao reached MOP30.2 billion, up 2.5% from end-March 2018 or 13.0% from end-June 2017. Credit card receivables amounted to MOP2.5 billion, of which the rollover amount totalled MOP774.7 million, representing 30.4% of credit card receivables. The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, fell from 1.59% at end-March 2018 to 1.49% at end-June 2018.

Turnover and repayment

For the second quarter of 2018, the credit card turnover totalled MOP5.5 billion, equivalent to a rise of 1.1% quarter-to-quarter or 12.1% year-on-year. The cash advance turnover was MOP220.2 million, occupying 4.0% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, dropped 5.4% from the previous quarter but rose 14.6% from the same period last year to MOP5.4 billion.



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