Press Release of Monetary Authority of Macao Credit Card Statistics – Second Quarter 2009

The Monetary Authority of Macao released today the credit card statistics for the second quarter of 2009. The total number of personal credit cards in circulation was 336,995 at the end of June 2009, up 1.89% from the previous quarter. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 272,889, 55,265 and 8,841 respectively. MOP cards, HKD cards and RMB cards witnessed respective increases of 2.22%, 0.46% and 0.95% quarter-to-quarter. Compared with the same period last year, RMB cards grew 10.64% whereas MOP cards and HKD cards dropped 0.74% and 15.55% respectively.
As at the end of June 2009, credit card credit limit granted by banks in Macao amounted to MOP6.16 billion, down 1.95% from end-March 2009. Credit card receivables reached MOP1.05 billion while the rollover amount totalled MOP0.46 billion, accounting for 43.61% of credit card receivables. The delinquency ratio, i.e. the ratio of delinquent amount overdue for more than three months to credit card receivables, was 1.17%. In the second quarter of 2009, the credit card turnover edged up slightly by 0.26% from the last quarter to MOP1.53 billion. The cash advance turnover amounted to MOP0.12 billion, accounting for 8.03% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, dropped 12.03% from last quarter to MOP1.48 billion.