The Monetary Authority of Macao released today the credit card statistics for the third quarter of 2011. The total number of personal credit cards in circulation was 503,221 at the end of September 2011, equivalent to an increase of 6.4% over a quarter ago. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 385,281, 65,511 and 52,429 respectively. MOP cards, HKD cards and RMB cards witnessed respective growth of 5.8%, 2.9% and 15.5% quarter-to-quarter. On an annual basis, RMB cards soared 129.3% while MOP cards and HKD cards grew 19.9% and 12.0% respectively. As at the end of September 2011, credit card credit limit granted by banks in Macao reached MOP8.5 billion, up 4.9% from end-June 2011. Credit card receivables amounted to MOP1.3 billion while the rollover amount totalled MOP457.2 million, accounting for 34.5% of credit card receivables. The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, remained virtually unchanged at 0.98%.
During the third quarter of 2011, the credit card turnover rose 8.2% quarter-to-quarter to MOP2.5 billion. The cash advance turnover was MOP139.8 million, accounting for 5.5% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, jumped 11.8% from the previous quarter to MOP2.6 billion. For enquiry, please contact: Research and Statistics Department
Monetary Authority of Macao (Tel：8395 2532Fax：2835 3042)
