The Monetary Authority of Macao released today the credit card statistics for the first quarter of 2009. The total number of personal credit cards in circulation was 330,734 at the end of March 2009, down 1.18% from the previous quarter. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 266,964, 55,012 and 8,758 respectively. HKD cards and RMB cards increased 0.44% and 3.00% quarter-to-quarter whereas MOP cards witnessed decrease of 1.63%. Compared with the same period last year, RMB cards grew at a strong pace of 14.32% whereas MOP cards and HKD cards dropped 0.17% and 14.53% respectively. As at the end of March 2009, credit card credit limit granted by banks in Macao amounted to MOP6.04 billion, up 1.74% from end-December 2008. Credit card receivables reached MOP0.95 billion while the rollover amount totalled MOP0.46 billion, accounting for 47.77% of credit card receivables. The delinquency ratio, i.e. the ratio of credit card receivables overdue for more than three months to total receivables, was 1.03%. In the first quarter of 2009, the credit card turnover dropped 5.62% from the last quarter to MOP1.52 billion. The cash advance turnover amounted to MOP0.13 billion, accounting for 8.24% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, totalled MOP1.69 billion.
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