Credit card statistics – 3rd quarter 2014

The Monetary Authority of Macao released today the credit card statistics for the third quarter of 2014. The total number of personal credit cards in circulation was 819,930 at the end of September 2014, equivalent to an increase of 2.9% over a quarter earlier. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 583,754, 85,609 and 150,567 respectively. MOP cards, HKD cards and RMB cards witnessed respective growth of 3.0%, 5.5% and 1.2% quarter-to-quarter. Compared with a year ago, MOP cards and HKD cards rose 13.1% and 10.0% respectively, while the RMB cards, the majority of which are MOP/RMB dual-currency cards, rose even faster by 14.1%.
As at end-September 2014, credit card credit limit granted by banks in Macao reached MOP16.5 billion, up 5.1% from end-June 2014. Credit card receivables amounted to MOP1.9 billion while the rollover amount totalled MOP561.7 million, accounting for 29.8% 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 0.87%.
For the third quarter of 2014, the credit card turnover increased 5.2% quarter-to-quarter to MOP4.1 billion. The cash advance turnover was MOP202.6 million, accounting for 5.0% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, went up 11.7% from the previous quarter to MOP4.2 billion.