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

New Lending Approved

In December 2012, new RMLs approved by Macao banks dropped 26.5% month-to-month to MOP2.6 billion; of which, 90.7% was extended to residents. In terms of value, new RMLs to residents decreased 30.4% whereas the amount to non-residents expanded 59.6% compared with a month earlier.

New RMLs collateralised by uncompleted units (i.e. equitable mortgage) declined 59.3% month-to-month to MOP89.8 million. The equitable mortgage extended to residents, which accounted for 90.7% of the total, dropped 61.6% whereas the amount to non-residents edged up by 0.8%.

New CRELs contracted 50.8% month-to-month to MOP2.3 billion; of which, 95.7% was granted to residents. In terms of value, new CRELs to residents and non-residents dropped 51.3% and 35.9% respectively.

Outstanding Balances

As at end-December 2012, the outstanding value of RMLs reached MOP96.7 billion, an increase of 0.8% from one month earlier. The resident component, which made up 93.0% of the total, grew 0.8% while outstanding RMLs to non-residents also edged up 0.5% compared with the previous month.

Concurrently, the outstanding value of CRELs went up by 2.0% from end-November to MOP68.9 billion. Residents accounted for 90.9% of the loans. Compared with one month earlier, outstanding CRELs to residents grew 2.3% whereas those to non-residents slid 1.0%.

Delinquency Ratios

At the end of December 2012, the delinquency ratio for RMLs saw slight decrease at 0.05%. The ratio for CRELs went up 0.04 percentage points from end-November to 0.18%.

For enquiry, please contact:

Research and Statistics Department

Monetary Authority of Macao

(Tel：83952532; Fax：28353042)