According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) rose from the previous quarter in the second quarter of 2011. On outstanding balance, increases were observed in both RMLs and CRELs. New Lending Approved For the second quarter of 2011, new RMLs approved by Macao banks increased by 28.9% quarter-to-quarter to MOP10.9 billion; of which, 93.6% was extended to residents. In terms of approved value, new RMLs to residents and to non-residents rose 28.4% and 36.7% respectively. When compared with the same period of 2010, new approvals of RMLs also increased by 28.9%. After registering decline in the previous quarter, new CRELs approved increased by 39.0% quarter-to-quarter to MOP8.7 billion in the second quarter of 2011; of which, 69.4% was granted to residents. In terms of approved value, new CRELs to residents and non-residents climbed by 10.5% and 234.6% respectively. On an annual basis, new approvals of CRELs dropped by 24.5%. Outstanding Balances As at end-June 2011, the outstanding value of RMLs reached MOP70.8 billion, an increase of 8.5% from three months earlier or 30.7% from a year ago. The resident component made up 91.3% of the total. Outstanding RMLs to residents grew by 9.6% whereas outstanding RMLs to non-residents dropped 1.9% from three months earlier. Concurrently, the outstanding value of CRELs rose 9.6% from end-March 2011 or 37.0% from end-June 2010 to MOP55.7 billion. Residents accounted for 90.0% of the loans. Outstanding CRELs to residents rose 10.9% whereas outstanding RMLs to non-residents edged down by 0.3% from three months earlier. Delinquency Ratios At the end of June 2011, the delinquency ratio for RMLs stood at 0.08%, down 0.02 percentage points from three months earlier or 0.06 percentage points from a year ago. The ratio for CRELs went down 0.29 percentage points from end-March 2011 or 0.27 percentage points from end-June 2010, to 0.12%. For enquiry, please contact:
Research and Statistics Department Monetary Authority of Macao
(Tel：83952532; Fax：28353042)
