According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) witnessed varied degrees of increase in September 2012. With regard to outstanding balance, both RMLs and CRELs continued to grow.

New Lending Approved

In September 2012, new RMLs approved by Macao banks rose 5.7% month-to-month to MOP4.7 billion; of which, 88.9% was extended to residents. In terms of value, new RMLs to residents and non-residents increased 6.4% and 0.1% respectively.

New RMLs collateralised by uncompleted units (i.e. equitable mortgage) dropped 70.3% month-to-month to MOP70.6 million. The equitable mortgage extended to residents, which accounted for 89.8% of the total, dropped 70.8% while the amount to non-residents also went down by 64.6%.

New CRELs expanded 78.1% month-to-month to MOP3.1 billion; of which, 96.6% was granted to residents. In terms of value, new CRELs to residents and non-residents advanced 77.0% and 115.0% compared with the previous month.

Outstanding Balances

As at end-September 2012, the outstanding value of RMLs reached MOP91.6 billion, an increase of 3.3% from one month earlier. The resident component made up 92.3% of the total. Outstanding RMLs to residents and non-residents grew by 3.2% and 4.8% respectively.

Concurrently, the outstanding value of CRELs edged up 1.2% from end-August to MOP65.5 billion. Residents accounted for 91.1% of the loans. Compared with one month earlier, outstanding CRELs to residents grew by 1.9% whereas those to non-residents slid 5.9%.

Delinquency Ratios

At the end of September 2012, the delinquency ratios for RMLs and CRELs remained unchanged from end-August at 0.06% and 0.09% respectively.

For enquiry, please contact:

Research and Statistics Department

Monetary Authority of Macao

(Tel：83952532; Fax：28353042)