Credit Card Statistics – 3rd Quarter 2013

The Monetary Authority of Macao released today the credit card statistics for the third quarter of 2013. The total number of personal credit cards in circulation was 725,755 at the end of September 2013, equivalent to an increase of 4.7% over a quarter earlier. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 515,956, 77,807 and 131,992 respectively. MOP cards, HKD cards and RMB cards witnessed respective growth of 3.6%, 4.9% and 8.9% quarter-to-quarter. Compared with a year ago, MOP cards and HKD cards rose 13.5% and 11.1% respectively, while RMB cards registered an upsurge of 35.7% mainly driven by a marked 36.3% growth of MOP/RMB dual-currency cards.
As at end-September 2013, credit card credit limit granted by banks in Macao reached MOP13.3 billion, up 8.1% from end-June 2013. Credit card receivables amounted to MOP1.7 billion while the rollover amount totalled MOP520.3 million, accounting for 30.9% of credit card receivables. The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, edged up to 0.65%.
For the third quarter of 2013, the credit card turnover grew 5.3% quarter-to-quarter to MOP3.4 billion. The cash advance turnover was MOP170.7 million, accounting for 5.0% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, went up 10.4% from the previous quarter to MOP3.5 billion.