The Monetary Authority of Macao released today the credit card statistics for the second quarter of 2015. The total number of personal credit cards in circulation was 870,062 at the end of June 2015, equivalent to an increase of 2.7% over a quarter earlier. The numbers of Pataca (MOP) cards, Hong Kong Dollar (HKD) cards and Renminbi (RMB) cards were 628,756, 79,035 and 162,271 respectively. MOP cards, HKD cards and RMB cards witnessed respective growth of 2.9%, 1.1% and 2.9% quarter-to-quarter. Compared with a year ago, MOP cards and RMB cards (the majority of which were MOP/RMB dual-currency cards) rose 10.9% and 9.1% respectively whereas HKD cards dropped 2.6%. As at end-June 2015, credit card credit limit granted by banks in Macao reached MOP19.5 billion, up 6.7% from end-March 2015. Credit card receivables amounted to MOP2.1 billion while the rollover amount totalled MOP616.7 million, accounting for 28.9% 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 down from 1.07% at end-March 2015 to 1.06% at end-June 2015, but was higher than the level of 0.87% a year ago. For the second quarter of 2015, the credit card turnover remained virtually unchanged at MOP4.3 billion. The cash advance turnover was MOP218.2 million, accounting for 5.0% of total credit card turnover. Credit card repayments, in which payments for interest and fees are included, went down 8.9% from the previous quarter to MOP4.2 billion.
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